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Egypt in the News on 14 October 2019
The reverberations from last month’s demonstrations is still topping coverage of Egypt in the foreign press, with NPR terming the…
Godiva could set up a factory and stores in Egypt
Belgian chocolatier Godiva could set up shop in Egypt with chocolate stores and a factory to act as its regional…
Galina-Agrofreeze starts process of launching two subsidiaries on EGX
IPO WATCH: Galina-Agrofreeze approaches Pharos, EFG to list two of its subsidiaries on the EGX: Galina-Agrofreeze Fruits & Vegetables has…
Domty signs EGP 100 mn loan with CIB
Cheese producer Domty has signed a medium-term, EGP 100 mn loan with the CIB to fund future expansion plans, including…
FrieslandCampina yet to make acquisition offer to buy cheesemaker Arab Diary
M&A WATCH- Arab Dairy waiting on FrieslandCampina to make an acquisition offer: Netherlands-based FrieslandCampina has completed due diligence to acquire…
Farm Frites opens USD 40 mn factory, aims to increase exports to 65%
INVESTMENT WATCH- Dutch food manufacturer Farm Frites has launched a new, USD 40 mn production line for producing potato chips…
Agriculture Ministry to limit the import of Brazilian beef
Egypt may very literally have beef with Brazil: The Agriculture Ministry issued a decision to limit the acceptance of halal…
Egyptian cheesemaker Obour Land to invest USD 8 mn in assembly line upgrade
Obour Land is spending USD 8 mn to upgrade its white cheese assembly line, the cheesemaker said in a bourse…
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