Domty plans new local investment as it temporarily shelves African expansion strategy

Domty will be committing new capital to the local market in the coming months after the company decided to postpone plans to expand further into Africa given the continent’s current currency problems, Vice Chairman Mohamed El Damaty said, according to Al Shorouk. The company’s new investments are expected to significantly boost output and help increase its market share as it launches new products, El Damaty said, refusing to discuss the details further.