Food News
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The Food Lab, an Egyptian cloud kitchen provider, raises $4.5M pre-seed for expansion
Following two years of bootstrapping, the company has raised $4.5 million in pre-seed financing — its first venture round.
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Egypt approves India as wheat supplier
There is a sharp decline in availability of wheat in the global markets due to the ongoing conflict between Russia and Ukraine.
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ABE completes preparations ahead of wheat harvest season
The bank is also facilitating supply operations from farmers and receiving all wheat supplied from them.
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India may be the new wheat exporter to Egypt
Egypt is one of the biggest wheat importers in the world and has received offers from about 15 countries regarding its wheat needs.
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Egypt eyes more fruit imports from Kenya
Kenya mainly sells tobacco, paper and paperboard, fruits and vegetable textile fibers to Egypt, with the value of imports growing 8.67%.
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Egypt, Russia to increase trade exchange in agriculture
Elkoseir noted that the Egyptian-Russian relations have witnessed intensive coordination and exchange of views.
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Vietnam, Egypt look to beef up trade, investment ties
Vietnamese Ambassador Tran Thanh Cong led a delegation to visit Damietta with the aim to promote cooperation in economy, trade, investment and culture
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Prime Minister urges need for agricultural water reuse
New proposal to reuse agricultural water that aims to save about 2 billion cubic meters.
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Egypt ranks #1 in fish farming in Africa
Egyptian Minister of Agriculture: Egypt ranks first in fish farming within Africa, sixth globally and third globally in the production of tilapia.
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Egypt’s Environment Ministry provides 5000 fruit trees to Fayoum
24 awareness and training activities were carried out on reuse, recycling and rooftop cultivation.
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Egypt's agricultural exports hit nearly 5 million tonnes
Egypt's agricultural exports reached nearly 5 million tonnes over the past ten months of this year, recording a rise of 600,000 tonnes.
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Egypt's supply minister says new price for bread "will take time"
The subsidised loaf has been sold since then for 5 Egyptian piasters ($0.0032). The prices of commodities have been increasing since January.
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Global inflationary pressures push Edita to raise product prices
This trend towards increasing the average selling prices is justified by the inflationary pressures prevailing in the global economic scene.
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Agricultural Bank aims to reach 35mln customers
ABE to complete development of 1,000 branches nationwide by late 2022, more branches to come in villages and remote areas.
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Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain
ILLA is an Egyptian startup that provides full-stack delivery solutions to corporates and small businesses in the FMCG sector
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MaxAB raises $40m for expansion
Founded in November 2018 by Belal El-Megharbel and Mohamed Ben Halim, MaxAB’s platform manages procurement and grocery delivery to shops in Egypt.
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Digital agriculture competition launches in Egypt
Digital agriculture can help with major issues in agriculture like water usage and production limitations for Egypt's agriculture sector.
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Egypt lifts price of subsidised vegetable oils
Egypt's strategic supplies of vegetable oils were sufficient to last five months, the ministry said in a statement.
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Egypt’s GASC seeks soyoil, sunflower oil
The arrival period for the local vegetable oils would be July 16-August 5.
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There's a market in Brazil for garlic from Egypt
The product Egyptian exporters have the best chance to sell more of to Brazil right now is garlic, said Brazil's agricultural attaché in Cairo.