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The coronavirus is fuelling a stock buyback boom in Egypt
The coronavirus is fuelling a stock buyback boom in Egypt: Since March, EGX-listed companies have been buying back their own…
Edita
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Edita launches upsized strawberry, chocolate HoHos
Edita Industries has expanded its cake segment with the launch of upsized strawberry- and chocolate-flavored HoHos, according to a press…
Edita’s Morocco arm obtains USD 8.2 mn loan to fund new facility
Edita Food Industries’ Morocco-based subsidiary has acquired a MAD 80 mn (c. USD 8.24 mm) from the Arab Bank’s branch…
Edita enters Egyptian biscuits market with Oniro cookies
Edita Food Industries has entered the Egyptian biscuit market with the launch of its Oniro range of cookies, the company…
Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups
INVESTMENT WATCH- Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups: Local startup investor…
Earnings watch: Edita profit falls by 44% in 1Q2020; Cleopatra Hospitals on track for 50% profit gain
EARNINGS WATCH- Edita quarterly profit hit by covid-19: The covid-19 pandemic sapped Edita’s profitability during 1Q2020, with the snack food…
What we’re tracking on 16 March 2020
It’s another big news day, and there’s more in store after the EGX plunged 9.3% yesterday (it’s worst one-day selloff…
Edita launches Twinkies Zig Zag, coffee-flavored HoHos
Edita Industries has expanded its cake segment with the launch of Twinkies Zig Zag and coffee-flavored HoHos with a retail…
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