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Wednesday, 27 January 2021

Also on our radar on 27 January 2021

Former Tax Authority head Abdel Azim Hussein will be put on trial at a criminal court to face charges of corruption, reports Ahram Gate. An investigation into Hussein and five of his associates found evidence that he accepted bribes, leading the public prosecutor to refer him to trial. Hussein was arrested last year on what appeared to have been a sting operation.

The Egyptian Airports Company is planning a EGP 1 bn expansion project at Sphinx International Airport to boost its capacity to nine flights and 900 passengers per hour. Meanwhile: French renewables player Voltalia increased its solar-generated electricity production in Egypt fivefold to 76.5 GWh in 2020, it said in its earnings statement (pdf).

EGX-listed snackfoods giant Edita has launched its Molto Mini Magnum product as part of the company’s strategy “to migrate consumers towards higher price-points,” according to a company statement (pdf). Molto Mini Magnum is available in the chocolate and hazelnut cream flavor, and forms

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