Back to the complete issue
Thursday, 24 March 2022

Edita bumps up pricing amid global commodities squeeze

INFLATION WATCH- Edita Food Industries has raised prices for some of its products by EGP 1-2, it said (pdf) yesterday. Products in its baked goods line that were previously priced at EGP 4 will now sell for EGP 5, while products previously priced at EGP 5 will now sell for EGP 7. Edita’s Freska line will now sell for EGP 3 from EGP 2 previously.

ALSO- Shoes and leather production has reportedly decreased by up to 50% due to an “exaggerated” rise in input costs, Al Shorouk reports. Factory owners have filed complaints due to their inability to cope with the recent cost increases, which the head of the leather division at the Federation of Egyptian Industries says have amounted to 15-30% in recent weeks.

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

  • Digital healthcare platform Altibbi is providing medical consultations (pdf) without charge to plasma donors in partnership with the Health Ministry’s national blood plasma project.
  • SomaBay residents are getting access to “bespoke lifestyle management and concierge services” after SomaBay signed an agreement with luxury lifestyle group Quintessentially. The partnership will give SomaBay residents access to “premium and shopping events,” restaurant booking, and travel logistics services, the statement says. (pdf)

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; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.