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Saudi food group eyes Ole bakery + Ibnsina breaks into hospitals with El Shorouk acquisition
Saudi food conglomerate Savola Group is close to acquiring the Egyptian Belgian Company — best known for its Ole-branded baked…
Earnings: Edita, ABK Egypt
Edita Food Industries’ net income rose 86% y-o-y in 1Q 2022 to EGP 148.1 mn, according to the company’s latest…
Earnings Watch: SODIC, IDH, Fawry, Obour Land
Real estate giant SODIC’s bottom line more than doubled y-o-y in 1Q 2022 to reach EGP 226 mn, according to…
UAE-based fintech platform FlexxPay to make Egypt its third market
FlexxPay lands in Egypt: UAE-based fintech platform FlexxPay is expanding to Egypt, it announced in a press statement (pdf) last…
Cairo cloud kitchen startup raises USD 4.5 mn funding round
Cloud kitchen operator The Food Lab raised USD 4.5 mn in a pre-seed round co-led by Nuwa Capital, Shorooq Partners…
Edita inaugurates its Moroccan production facility
Edita Food Industries has officially inaugurated its Moroccan plant, according to a company statement(pdf). The snackfoods giant started operations in…
FreshSource secures seven-figure USD in seed round + Kouncel raises EUR 1.2 mn in a pre-seed round led by AfDB
Online B2B fruit and veg platform FreshSource has bagged an undisclosed seven-figure USD seed round led by 4DX Ventures and…
F&B logistics platform OneOrder raises USD 1 mn from A15
OneOrder scores USD 1 mn round upon launch: Tech-enabled F&B logistics platform OneOrder announced its launch in tandem with securing…
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