Egypt’s food exports from registered USD 2.8 bn in 2017, Trade and Industry Minister Tarek Kabil announced yesterday, according to Al Shorouk. With an eye to growing that the number, Kabil says the government has redoubled its quality control measures, such as establishing the Food Safety Authority. These measures have helped grow investments in the sector to EGP 500 mn in 2017, a figure which Kabil sees as growing 8-10% by the end of 2018.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…