• Thursday, 12 May 2022

    Cimbria is building a silo complex in Port Said for imported wheat

    Denmark’s Cimbria is building a wheat silo complex in Port Said for the General Company for Silos and Storage (GCSS), the company announced in a statement in March. The facility will have capacity to hold 100k tons of wheat —...
  • Wednesday, 28 July 2021

    Enterprise talks to: Samaila Zubairu, president and CEO of the Africa Finance Corporation

    Enterprise talks to: Samaila Zubairu, president and CEO of the Africa Finance Corporation: Established in 2007, the Africa Finance Corporation (AFC) is a pan-African financial institution that focuses on upgrading the continent’s infrastructure. The lender has channeled more than USD...
  • Tuesday, 21 July 2020

    Egypt’s wheat storage capacity increases to over 4 mn tonnes in 2020

    Egypt’s wheat storage capacity has increased to north of 4 mn tonnes, from 3.6 mn tonnes last year, as the country builds more silos, Reuters reports, citing a Supply Ministry official. Last year, Egypt secured a USD 14 mn loan...
  • Wednesday, 8 January 2020

    Cabinet green-lights commodities exchange

    Cabinet greenlights commodities exchange: The cabinet economic group yesterday approved the establishment of the Egyptian Commodity Exchange, according to a cabinet statement. The exchange will be managed by a company that is to be 50% owned by the General Authority...
  • Wednesday, 31 July 2019

    Medsofts plans to invest EGP 180 mn in Nile Silos

    Medsofts is planning to invest EGP 180 mn in expanding the storage capacity of Nile Silos to 235k tonnes, General Manager Tarek Tawfik told Al Mal. The expansion will be funded by three banks, including CIB and United Bank, and...
  • Sunday, 28 October 2018

    Egypt steps up grain storage capacity to reach 3 mn tonnes next year

    Egypt’s total grain storage capacity will reach 3 mn tonnes in 2019 after the addition of four new solios with a combined capacity of 250k tonnes, the Holding Company for Silos and Storage said, according to Al Shorouk. The Supply...
  • Thursday, 25 October 2018

    FEI’s wants the Supply Ministry to use private sector silos for wheat storage

    The Federation of Egyptian Industries’ grains division has submitted a request to the Supply Ministry to use private sector silos to store the wheat used to produce subsidized bread loaves, rather than storing the wheat in dirt silos that expose...

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