• Monday, 14 February 2022

    Edita launches a new biscuit

    Edita Food Industries is expanding its biscuits segment with the launch of Oniro Mini Lava at a retail price of EGP 3 per pack, the company announced in a press release (pdf). The four-stick biscuit packs come in vanilla and...
  • Wednesday, 26 January 2022

    Edita to invest c. EGP 400 mn in 2022 expansion

    Edita Food Industries will invest around EGP 400 mn to add new production lines for its baked goods and wafers segments in 2022, IR director Menna Shams El Din told Enterprise. Some of the investment will also be earmarked for...
  • Monday, 17 January 2022

    Egypt’s pharma exports up, citrus flap with the Dutch + Edita launches Freska Choco Sticks

    Egypt’s pharma exports rose 30% y-o-y in 2021 to USD 685 mn in 2021, local media reported citing figures from the Export Council for Medical Industries. Cosmetics exports were up 39% y-o-y to record USD 311 mn in 2021, while...
  • Tuesday, 4 January 2022

    Edita won’t be acquiring assets of Ole bakeries manufacturer

    Snackfoods giant Edita won’t acquire Egyptian Belgian Company’s assets after talks collapse: Edita Food Industries’ bid to acquire assets belonging to Egyptian Belgian Company has fallen through after the two companies were unable to agree on a valuation. The EGX-listed...
  • Sunday, 12 December 2021

    THIS MORNING: Get your booster shots today + US inflation is at its highest since ‘82

    Good morning, friends. Only three weeks to go until the end of the year, and we’re marking the occasion with a super-heavy news day as we kick off the final interest rate week of 2021. All 11 economists and analysts...
  • Tuesday, 7 December 2021

    Edita starts operations at Morocco factory

    Edita Food Industries has started operations at its new production facility in Morocco, the company announced in a statement (pdf) on Sunday. The plant is the company’s first greenfield investment outside of Egypt and makes the company’s transformation into a...
  • Monday, 6 December 2021

    THIS EVENING: Has Big Tobacco swayed the state on the tobacco license tender? + Elsewedy, Edita go big on Africa expansions

    Today is a big news day for Egyptian companies investing abroad, ladies and gentlemen, with Elsewedy Electric and Edita both announcing key updates to their African investments this week. Further afield, the Evergrande saga continues. But before we dive deeper...
  • Thursday, 2 December 2021

    Edita and Chipita bury the hatchet + Tenth of Ramadan dry port tender coming January 2022

    DISPUTE WATCH- Edita settles case against Greek food manufacturer Chipita: Edita Food Industries signed an amicable global settlement agreement with Chipita Industrial and Commercial Company and Chipita Participations, the company said in an EGX disclosure (pdf) yesterday. The statement did...
  • Monday, 22 November 2021

    Edita wants Ole bakeries producer

    EGX-listed Edita Food Industries has submitted a non-binding letter of intent to acquire the Egyptian Belgian Company’s assets, according to a statement (pdf). The Egyptian Belgian Company manufactures Ole-branded croissants, cakes, and donuts. The potential acquisition covers all of the...

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