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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.

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