The Agriculture Ministry is reportedly considering imposing sanctions on suppliers of subsidized fertilizers who have fallen behind on their monthly deliveries, creating a shortage in the market, ministry sources said yesterday. Manufacturers say they lose as much as EGP 250 per tonne on government contracts, which has led them to direct most of their output lately towards exports, they added.
More from Enterprise
Inflation unexpectedly cools, putting rate-cut cycle back in play
The first fall in the headline rate in three months…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Apis Partners has continued appetite for Egypt after closing its third fund at more than double its predecessor
Apis partner Hossam Abou Moussa singles out MNT-Halan as a…