“Egypt risks facing tender boycotts for a second season” after it stopped a French shipment earlier this week claiming it contains poppy seeds, Bloomberg says. The case is being referred to prosecution, even though the French embassy in Cairo confirmed the cargo met Egyptian specifications. “The new holdups are reviving concerns over which government body is responsible for inspecting cargoes in Egypt,” the news website says. Egypt had sent home two shipments of Romanian wheat last month for the same reason. We had said yesterday that some traders suggested that the agriculture quarantine body stopping shipments in order to pressure the government to allow their employees to travel for inspections at the port of origin again.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
EGX’s newest investors meet their first selloff
Heavy borrowing, margin calls, and looming repayments could make a…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…