Good afternoon, friends, and happy almost-weekend. Today we look at a small but growing corner of Egyptian agriculture: farmers growing heirloom tomatoes, blueberries, fennel, Brussels sprouts, and other produce that used to arrive imported — and testing whether enough Egyptian buyers will pay what it costs to grow it here. The economics are tight, and the customer base is still forming. Elsewhere in today’s issue: We have Fatima Bhutto’s unputdownable memoir about a decade-long relationship, a political dynasty, and a Jack Russell terrier named Coco who saved her.
But first, the news…
THE BIG STORY ABROAD-
🌐 Leading the headlines this afternoon is a flydubai plane bound for Israel that landed off-route in Saudi Arabia after transmitting three emergency signals, according to flight-tracking platform Flightradar24, alongside reports of an altercation on the flight deck.
The plane, carrying around 170 passengers, landed safely after it signaled an emergency code two hours into the flight.
MEANWHILE- Britain and EU relations could be up for reconsideration, with UK Prime Minister Andy Burnham saying the country should reexamine its long-term relationship with the European Union, including a possibility of rejoining the bloc, reiterating his view that Brexit has “done more harm than good.” During his Labour Party annual conference speech on Tuesday, Burnham pledged to further discuss options at a UK-EU summit happening later this year, including rejoining the EU’s single market or entering a customs union.
We’re delighted to welcome Todd Wilcox as a guest speaker at the 2026 EnterpriseAM Egypt Forum.
Todd Wilcox is the deputy chairman and CEO of HSBC Bank Egypt, bringing more than 30 years of international banking experience. He joined Egypt from HSBC China, where he served as Senior Executive Vice President, Deputy CEO, and Executive Director of the Board.
Todd has held a series of senior leadership roles across HSBC, including CEO of Brunei for the Hong Kong and Shanghai Banking Corporation, CRO for Asia-Pacific overseeing 11 markets, and COO for Risk across all Asian markets. He also served as head of retail banking and marketing at HSBC Bermuda, and began his career with HSBC in Canada. Prior to HSBC, Todd worked at Royal Bank of Canada across a range of business and functional roles.
Join us on 5 October in Cairo. Attendance is by invitation only, and we’ve reached full capacity.
** CATCH UP QUICK on the top stories from today’s EnterpriseAM:
The Central Bank of Egypt (CBE)issued a full licensing and supervision frameworkfor credit guarantee companies, six years after Central Bank and Banking Sector Law No. 194 of 2020 first brought them under its oversight. The CBE board approved the rules at its 23 September meeting. For the first time, the framework sets binding prudential ratios, a formal licensing process, and ownership limits, moving them from a largely contractual model to a regulated financial activity;
Majid Al Futtaim willinvest around USD 3.4 bn in Egyptover the next five years, more than it has spent here in 27 years. The Emirati group’s cumulative investment in the market stands at some USD 2.8 bn. The new money goes into urban development, business complexes, and hospitality;
Grova Developmentsawarded sister company Hassan Allam Construction a USD 1 bn contractto build its 303-acre (c. 1.2 mn sqm) Grova Westfields project in Sheikh Zayed, West Cairo. The development is being delivered with the Egyptian Kuwaiti Company for Real Estate Development, near Sphinx International Airport, the Grand Egyptian Museum, and the Pyramids Corridor;
Bank NXTsigned a EGP 2.1 bn credit facilitywith Ezz Elarab Elsewedy for Investments to fund expansion at its automotive factories and build a new automotive paint plant. The bank framed the loan as part of its push to grow its corporate lending book, finance large private-sector investments, and deepen supply-chain localization.
☀️ TOMORROW’S WEATHER- We’re in for some cloudy conditions in the capital tomorrow, with temperatures peaking at 31°C before dropping to 22°C overnight, according to our favorite weather app.
🥬🍇 Imported produce is getting some local competition. On farmland located off the Cairo-Alexandria Desert Road, Hesham Shalash, founder of Tru Farms, grows more than 15 varieties of peppers, colorful cherry and heirloom tomatoes, fennel, Swiss chard, Brussels sprouts, and, depending on the season, other vegetable varieties you may or may not have heard of. In Beheira, Ahmed Emad, founder and CEO of Nefertoot, is building a blueberry business around a fruit that was difficult to grow in Egypt’s climate. In Mariouteya, the Makar family has spent decades supplying chefs with endive, asparagus, kale, and other crops that used to be imported.
These are very different businesses, but they are testing the same proposition: Can Egyptian specialty growers make a viable market for produce that’s expensive to cultivate and that caters to a niche segment of buyers?
The pioneers
Makar Farmstraces its family farming roots to the 1880s. Farida Makar, who is part of the farm’s events and marketing team, tells EnterpriseAM that her grandfather George Makar returned from studying agriculture in France determined to try crops thought to be unsuitable for Egypt. “His approach was to reverse the European growing seasons, planting what Europe grew in the summer in Egypt’s cooler months. My father, Mounir Makar, took things a step further and was the first to develop hydroponic systems in Egypt in the 80s to broaden what the farm could produce,” she says.
Today, endive remains Makar Farms’ specialty. The crops they grow on roughly 25 feddans are primarily sold to hotels and restaurants, followed by specialty supermarkets. Direct-to-consumer sales and farmers markets account for a very small share. “I can tell you how well the tourism sector is doing at any given moment based on our sales figures for endive,” Makar says.
The experiment that became a business
Shalash’s inspiration was a boring supermarket produce aisle. After three years in the US as a pre-med student, he returned to Egypt during the pandemic. While quarantining on his family’s farm, he began planting imported pepper and tomato seeds. “I like spicy food, so I experimented with a variety of peppers and cherry tomatoes. The second year, I experimented with more vegetables, like colored cauliflowers, kohlrabi (German turnip) — things that are common in Europe and the US but not available here,” Shalash tells us.
By 2023, Tru Farms had moved beyond trials. Shalash learned which varieties customers wanted, which could withstand local conditions, and how much to plant. “I got the know-how mostly from reading, watching videos, and a lot of trial and error. My only formal training was last summer when I did a two-month internship in Sweden with Richard Perkins, an expert in regenerative farming,” says Shalash. Today, his specialty vegetables occupy about two acres of greenhouses and four to five acres of open fields within a much larger 350-acre family farm that’s mainly orchards.
The initial buyers were mostly expats and Egyptians who had lived abroad, Shalash tells us. Some already knew what to do with kohlrabi or spaghetti squash; others needed an introduction. “I’d say about 20% of my customers are just curious people who want to try new things. They try it, they like it, they come back.” Most of Tru’s direct-to-consumer sales happen at farmers markets in Maadi. They also take orders through Instagram and supply some small restaurants. Shalash hopes to add markets in Zamalek and possibly Sixth of October City, as well as home deliveries and a recurring produce box, in the coming year.
The direct-to-consumer relationship matters when a product needs explaining. It also allows Shalash to inform his customers why his tomatoes cost vastly more than those you buy at the supermarket. His heirloom varieties (grown from seeds passed down through generations) sell for EGP 200-220 per kg, while a 250-gram box of mixed cherry tomatoes goes for EGP 85. “Our products are biologically grown. My tomatoes are pesticidefree for the most part. The seeds, cultivation, and pest control methods that we use add cost. I care about nutrient density, flavor, taste, and variety,” says Shalash, “and my customers do as well.”
The rise of the Egyptian blueberry
Blueberries take another route. Emad, a computer scientist by training, worked in tech for 12 years in London. His personal love of blueberries and what he saw as a good investment window led him to found Nefertoot in 2021. “At the time, there were only two companies, Pico and Belco, that were growing blueberries here, but there was definitely demand for more, both locally and abroad. It wasn’t easy to find blueberry varieties that could grow in our climate, but we finally managed to find a nursery that would collaborate with us. They had already run their experimental phase in Morocco, and they were pretty confident about their varieties thriving in Egypt,” Emad tells EnterpriseAM.
Growing blueberries requires a substantial upfront investment. Emad explains that Egyptian growers must use shade and greenhouse covers to ensure “high chill hours,” manage temperatures, grow the plants in an acidic medium rather than in local soil, and rely on drip irrigation. Plant varieties and licensing terms matter too: some arrangements give the nursery control over the harvest and its overseas sale. Nefertoot has chosen varieties it can market itself, allowing it to build a domestic customer base.
As more growers enter the market, the customer base could widen. “Supply is increasing, which means that the price is now more competitive and the product is available to a larger market segment,” Emad says. He also grows raspberries, blackberries, and other fruit, but blueberries remain his company’s “crown jewel.” Nefertoot sells overwhelmingly to businesses: restaurants, hotels, manufacturers, retailers, and some traders who export its fruit. Emad estimates direct-to-consumer sales through his website at about 5%.
Egypt’s export numbers show how quickly the sector is scaling. In the first half of 2026, the value of Egypt’s blueberry exports increased to USD 36.25 mn from USD 10.29 mn in the same period a year earlier, with the bulk of exports going to the Netherlands, the UK, and Norway, according to Blueberries Consulting reports.
The domestic market and exports require different operations. Nefertoot already sells to third-party exporters. Emad says it has recently obtained certifications that would allow it to export under its own name, adding that they could make their first direct shipments next year. Egypt’s winter-to-spring blueberry harvest offers a potential window for European buyers, he says. But he is reluctant to surrender control of sales through an exclusive licensed-variety arrangement after investing in Nefertoot’s own market share.
New chefs, new menus, new demand
More discerning diners want better ingredients. Up-and-coming chefs, caterers, and supper clubs offer speciality growers a way to introduce unusual ingredients through dishes that show diners what to do with them. Shalash says the appetite for distinctive vegetables is already helping Tru. “The rise of supper clubs that like to do unique things and use specialty artisanal vegetables is beneficial for both parties,” she says.
Cairo Food Week, now in its fourth iteration, gives this experimentation a wider platform. For specialty growers, the window is to reach consumers developing more sophisticated palates and taking a closer interest in ingredient quality, flavor, and origin. Makar Farms has already made that connection through guest-chef lunches that it has been hosting on its farm since 2016, giving younger chefs a chance to cook with its produce and guests a chance to taste it and learn about hydroponic farming.
But visibility on social media does not always translate into volume. “An Instagrammable supper-club dinner may need only a few boxes of microgreens,” Makar points out, while a hotel can place a much larger order. Still, these smaller tables can introduce ingredients that shoppers later seek out themselves. For niche growers, a more discerning diner could become a repeat customer.
Making the economics work remains a challenge. “Imported seeds and soaring electricity and labor costs all weigh on prices,” Shalash says. Makar points to energy and greenhouse maintenance as major expenses for her farm’s hydroponic operation. Emad says blueberry plants and infrastructure require heavy capital spending, while some fertilizers and packaging remain imported.
The specialty label does not imply one business model. Makar Farms has sustained its business by serving chefs and hotels; Nefertoot is seeking a larger domestic market alongside direct exports; and Tru is building loyalty, one market stall at a time. Their shared chance is to put more variety within reach of Egyptian buyers. Whether enough of those buyers will keep paying for it through rising costs, hotter seasons, and the work of getting a delicate harvest to market remains an open question.
💡 Novelist, poet, and member of one of Pakistan’s most turbulent political dynasties, Fatima Bhutto’s life was anything but easy. In her memoir, The Hour of the Wolf, she turns her gaze on herself. Published earlier this year, the debut memoir is an intimate, non-linear account of grief, love, abuse, and the difficult work of reclaiming one’s life, aided by arts, nature, and the love of one Jack Russell terrier.
What to expect: The memoir opens in the spring of 2020, with Bhutto quarantined in the English countryside with her beloved, loyal canine Coco. Written in essay form and structured non-chronologically, the book weaves between a toxic decade-long relationship with an older, charismatic man, the grief of losing her father to assassination when she was a teenager, a yearning for motherhood, and meditations on nature, literature, cinema, and the animal world. Animal motifs — wolves, wild deer, and dogs — run throughout, drawn in part from Barry Lopez’s Of Wolves and Men, framing the relationship between hunter and prey as a lens for understanding abuse. Through nature and through Coco, Bhutto finds her way back to herself.
What we liked: Bhutto does not dress her story up. The writing is simple but carries depth, conveying everything it needs to without ornamentation and keeping the reader both hooked and at times necessarily unsettled. She speaks honestly of her innermost thoughts: building her partner up, comparing herself unfavorably, and only gradually recognizing what that pattern had cost her. As Rupi Kaur put it: “With searing honesty, Fatima Bhutto explores the quiet devastations of love, and what happens when we wait for a change that never comes.”
The verdict: At just under 190 pages — or four hours on audiobook, narrated by Bhutto herself — this is among our recent favorites. You can finish it in two sittings, or put the audiobook on while you work and find yourself done before you expected. If you’ve been having some difficult reflections on your own life as of late, you’ll find solace and lots of lessons in Bhutto’s story.
WHERE TO FIND IT- You can find the paperback at Diwan. You can also get the e-book on Amazon or read it on Storytel — where you can also listen to the four-hour audiobook.
⚽ It’s a calm day on the pitch, with just one single match on our radar tonight: South Africa face Eritrea in the AFCON 2027 qualifiers at El Salam Stadium in Cairo at 7pm. It’s a fixture with a quirk built in: Eritrea, who have no CAF-approved stadium, are technically the home side, but the match is being played on Egyptian soil. South Africa head into it top of Group D after beating Guinea 2-1 on Saturday.
With Kenya auto-qualifying as a co-host of AFCON 2027, only one Group D spot is up for grabs for South Africa, Guinea, and Eritrea. A victory tonight puts Bafana firmly in control. Watch on beIN Sports 3.
🥅 ICYMI-
The Pharaohs answered the Angola draw emphatically. Without Salah — who sat out on concerns about the artificial pitch in Juba — Egypt thrashed South Sudan 5-0 away from home to claim their first W of the qualifying campaign. The goals were spread across the squad: Mostafa Ziko opened in the 36th minute, Omar Marmoush added a brace either side of Ibrahim Adel’s third, and Hamza Abdelkarim sealed it in the 92nd. A complete performance in difficult circumstances, and four points from two matches now put Egypt firmly on track in Group B.
In the UEFA Nations League, Spain continued their flawless start — Lamine Yamal scored twice and assisted once as the world champions beat Croatia 4-1 in Seville. England got their campaign back on track in Prague, beating Czech Republic 2-0 with Anthony Gordon and Harry Kane netting.
🤾 On the handball court: Al Ahly pulled off one of their biggest results in international handball to date, beating German powerhouse Füchse Berlin 30-27 in the group phase of the IHF Men’s Club World Championship in Cairo. It’s the third time Al Ahly have beaten European opposition at the Club World Championship — after Benfica in 2022 and Barcelona in 2024. The Red Devils now face archrivals Zamalek in the bronze medal match tomorrow.
**The EnterpriseAM Fantasy Football League is live. Join the Classic League and lock in your picks — click on this link or use the code hm029y to join.
🎙️ Up for a comedy weekend night? Stand-up comedian Alaa El Sheikh is launching his brand-new comedy show Play Crowd in Egypt at Theatro Arkan this Friday, 2 October. The comedian brings his signature humor, with a little extra crowd work throughout the night. The show starts at 8pm, with tickets available on TicketsMarché.
The EGX30 fell 0.8% at today’s close on turnover of EGP 8.8 bn (23.5% below the 90-day average). Local investors were the sole net sellers. The index is up 24.1% YTD.
In the green: Emaar Misr (+10.2%), Beltone Holding (+3.7%), and Palm Hills Developments (+2.0%).
In the red: Abu Qir Fertilizers (-3.2%), Orascom Development (-3.1%), and Qalaa Holdings (-2.5%).