Americana Egypt to expand food production: F&B conglomerate Americana is planning to invest USD 26 mn in new food production lines in Egypt, Vice Chairman Ihab Hajjaj said during a sit-down with General Authority for Investment and Freezones (GAFI) CEO Mohamed Abdel Wahab, cabinet said yesterday. The increased capacity would be directed to the local market and to target new markets for export, especially Gulf countries.

SOUND SMART- Parent company Americana Group, which runs the KFC and Pizza Hut franchises across MENA, earlier this summer tapped several big-name banks to work on its planned IPO, which could take the form of a dual listing in Riyadh and Abu Dhabi and raise as much as USD 1 bn.

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