Back to the complete issue
Sunday, 7 February 2021

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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.