Also on our radar on 7 February 2021
EGX-listed snackfood maker Edita has expanded its wafer segment with the launch of Freska Block, according to a company statement (pdf). The new product, which is available in three flavors — hazelnut cream, peanut butter, and cappuccino cream — will retail at EGP 3 per pack.
Other things we’re keeping an eye on this morning:
- The Transport Ministry will issue this year an international tender for the automation of the Qalyub-Tanta-Menouf railway signaling system project, the initial cost of which is expected to be EUR 300k.
- Revenues generated from antiquities plummeted more than 90% in 2020 to average just EGP 110 mn per month, Tourism Ministry Khaled El Anany said last week.
- Egyptian electric vehicle control system developer Brightskies signed a protocol with Engineering Automotive Manufacturing Co. and El Nasr Automotive to manufacture components used for electric buses.