Edita Food Industries launched its new product “Todo Max” with a retail price of EGP 2 per pack, according to a press release from the company (pdf). Edita’s cakes business line is the biggest contributor to its total revenue, amounting to almost 45% of total revenues in9M19, the press release added. The company holds a 46% market share of the Egyptian cakes market.
More from Enterprise
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Gulf stock exchanges are growing in importance, but they’re still a long way from becoming capital market hubs -Fitch
The diagnosis lands in a year when UAE and Saudi…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…