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Yumamia raises USD 1.5 mn in a pre-series A round from Saudi investor
STARTUP WATCH- Cairo-based “foodtech” startup Yumamia has raised USD 1.5 mn in a pre-series A round from Saudi boutique consulting…
Startups are fuelling a ‘dark kitchen’ industry
Startups are fueling a ‘dark kitchen’ industry: Venture capitalists and startups are putting significant money and time into establishing so-called…
EBRD, EU extend EUR 7.3 mn financing package to Farm Fresh
The European Bank for Reconstruction & Development (EBRD) and the EU have extended a EUR 7.3 mn financing package to…
Demand for Egyptian grapes is up this season
Egyptian red grapes are in healthy demand from Europe, Canada, and China this season, said May Salem, general manager for…
Egypt’s economy is doing well, part XXVI
Finance Minister Mohamed Maait’s talk about the IMF and World Bank’s spring meetings was a big topic on the airwaves…
Edita to launch new BonBon candy
Snackfoods giant Edita is launching a line of juice-filled stick candies under the BonBon brand in strawberry, orange, and apple…
Earnings watch: BdC, Domty, B Investments, NBE
EARNINGS WATCH- Banque du Caire reported a significant 221.5% jump in net profit after tax to EGP 2.5 bn in…
USAID launches USD 37 mn farm productivity project
Administrator of the US Agency for International Development (USAID) Mark Green launched on Monday a new USD 37 mn farm…
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