The Food Industries Holding Company will be centralizing the process of stocking up the state’s retail outlets through a newly-formed committee, Chairman Alaa Fahmy says, according to AMAY. The committee will oversee the purchase of supplies to eliminate price competition between the state’s retail outlets. Fahmy also said that he called for a meeting with private sector operators to discuss selling subsidized goods through their outlets.
More from Enterprise
Our friends at EFG Hermes and Beltone pick up fresh accolades, along with CIB
EFG Hermes retained the top corporate access spot on Extel’s…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Inside the retail wave reshaping EGX
Individuals are setting EGX prices day to day, trading on…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…