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As Egypt’s rice production falls, Nigeria becomes Africa’s largest rice producer
Egypt’s rice production has fallen almost 40% y-o-y in 2019, with Nigeria now overtaking us as Africa’s largest rice producer,Nigerian…
Basic materials
Egypt uses USD 213 mn from ITFC to buy wheat
The Supply Ministry secured USD 213 mn in funding from the Islamic Trade Finance Corporation (ITFC) to buy 1.02 mn…
Earnings Watch: Edita, Elsewedy Electric, GB Auto, EKH, PHD, ACC, NBK
EARNINGS WATCH- High-profile snackfood maker Edita recorded a 20.4% y-o-y increase in net profit in 4Q2018 to EGP 128.3 mn,…
GASC purchases 360k tonnes of wheat
The General Authority for Supply Commodities (GASC) purchased 360k tonnes of wheat, reports Al Shorouk. The purchase includes 60k tonnes…
Delta Sugar Company looks to boost sugar beet production
The Delta Sugar Company hopes to boost sugar output to 310k tonnes this year compared to 270k in the previous…
Thyssenkrupp fertilizer factory inauguration set for 2Q2019
The USD 1 bn fertilizer factory ThyssenKrupp is building in Ain Sokhna is expected to be completed in March and…
Evergrow agrees EGP 1.2 bn loan with three banks
Evergrow for Speciality Fertilizers has reached an EGP 1.2 bn financing agreement with the National Bank of Egypt, the Arab…
Serbia open for Egyptian citrus exports
Serbia has agreed to allow Egyptian exports of citrus, potatoes and onion into its market, the Agriculture Ministry said in…
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