Edita receives EGP 25.4 mn grant from Morocco’s gov’t under manufacturing incentive program for foreign investors: Edita’s Moroccan subsidiary, Edita Food Industries Morocco, has landed an MAD 15 mn (c. EGP 25.4 mn) grant from the Moroccan government. The grant is part of a Moroccan program to attract foreign direct investment, the company said in an EGX disclosure (pdf

Edita entered Morocco via a joint venture with Dislog Group, a leading Moroccan distributor for top multinational brands, back in 2017. Edita holds a 51% stake in the JV, which is set to begin production from its USD 20 mn snack food production facility in 1Q2020.

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