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Monday, 14 February 2022

Edita launches a new biscuit

Edita Food Industries is expanding its biscuits segment with the launch of Oniro Mini Lava at a retail price of EGP 3 per pack, the company announced in a press release (pdf). The four-stick biscuit packs come in vanilla and chocolate flavors. The launch comes as part of Edita’s efforts to grow its biscuits segment, which the snackfoods maker says grew at a rate of 79.2% y-o-y in 9M2021, making it Edita’s second fastest-growing segment.

Other things we’re keeping an eye on this morning:

  • UAE’s Tabreed is coming to Egypt: National Central Cooling Company (Tabreed) has partnered with real estate developer Marakez and the Egyptian Company for Energy and Cooling Projects (Gascool) to provide cooling services for Marakez’s D5M Mall in New Cairo.
  • Russia releases our oranges: Russian customs authorities have released Egyptian citrus exports that were held for days due to a reported sudden change in import rules at Russian ports.
  • EgyptAir reportedly plans to set up Air Sphinx, a low-cost airline subsidiary, this year.
  • Emirati firm Al Nowais’ subsidiary AMEA Power is set to send proposals to the government on two projects in seawater desalination and green hydrogen.
  • Recycling company BariQ has secured EUR 8 mn in funding from three foreign institutions and two local banks to finance expansions. The company is working (pdf) on expanding its bottle recycling factory to double production capacity to 60k tonnes/year.

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