Egypt automates wheat silos powered by IBM technology to foster efficiency

EGYPT – Egypt has embarked on digitizing its wheat supply chain and implement governance systems on the country’s strategic stock as part of the national digital transformation plan. The Ministry of Supply and Internal Trade represented by the Egyptian Holding Company for Silos and Storage (EHCSS), has partnered with multinational technology corporation, IBM and Egypt based integrator of technological systems, ACME SAICO to automate 22 wheat silos across the country. The storage units will be powered by IBM’s AI-powered automation software in a hybrid cloud environment. “We are proud to…

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Egypt based food delivery startup Talabat sets up regional customer service center in Cairo

EGYPT – Talabat, one of the leading food and grocery delivery apps in Egypt and the Middle East, has announced the expansion of its outsourcing services in the North African country with a regional customer service center located in Cairo. The food delivery company has operations in Egypt, the UAE, Kuwait, Oman, Bahrain, Qatar, Jordan, Saudi Arabia, and Iraq, providing services in three primary languages: Arabic, English and Kurdish. This expansion comes in tandem with the company’s one-year anniversary since rebranding and will allow talabat to enhance its cutting-edge services…

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Egyptian startup connecting retailers to supplier Cartona secures US$4.5 Million Pre-Series A funding round

EGYPT – Cartona, a B2B platform connecting retailers to manufacturers and wholesalers has raised US$4.5 million in a Pre-Series A funding round. The fundraising was led by Global Ventures, a Dubai-based, international venture capital firm, with participation from Kepple Africa Ventures, T5 Ventures, and a group of angel investors. Cartona will use the clinched investment to deepen the capabilities of its technology to further enhance the user experience and introduce embedded finance within the product and order cycle. Founded in August 2020, the startup solves the supply-chain and operational challenges…

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Dairy giant Danone alleviates hunger in Egypt through donation of surplus products

EGYPT – French multinational dairy company, Danone has launched “Zero Food Waste” initiative in partnership with The Egypt Food Bank, in a bid to eradicate hunger in Egypt. Danone will donate its daily surplus of products to EFB benefiting over 35,000 school students & other eligible recipients across Egypt. The Zero Food Waste initiative directly contributes to Egypt’s SDG on Peace & Security; providing Egyptians with food security. “We would like to invite all businesses in Egypt to join the initiative to positively impact our community,” said Basma Shams, Head…

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B2B e-commerce startup Capiter raises US$33m Series A funding round to drive expansion plan

EGYPT – Capiter, a B2B e-commerce startup which brings together manufacturers, brands, wholesalers and retailers on one platform, has raised a US$33 million Series A funding round to power its rapid expansion into digital financial services and additional markets. The company is planning on providing more digital financial services and expanding into overseas markets after raising a US$33 million Series A funding round, led by fintech-focused venture firm Quona Capital and MSA, an independent and interdisciplinary investment company. The round also features Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab,…

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Egyptian food manufacturing giant Domty is on expansion spree, earmarks US$2.95m investment in new facilities

EGYPT – The Arabian Food Industries Co, an Egyptian food and beverage company popularly known as Domty is seeking to enter the croissant market, as it has signed an agreement to acquire a processing line from AMF, a US-based provider of bakery equipment solutions. The company has also inked another contract with AMF to supply it with a fourth line for baked goods production, with both investments set to total to 2.5 million euros (US$2.95m). Currently at its three bakery production facilities, Domty is operating with a capacity of 90…

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Pizza Hut in Ghana finds new owner, Krispy Kreme Donuts opens inaugural store in Egypt

GHANA – American restaurant chain and international franchise, Pizza Hut, is set to relaunch in Ghana under new ownership. Melcom Group of Companies, a diverse business conglomerate, is set to acquire the franchise rights of the fast-food chain in the country. The acquisition will mark the entry of Melcom Group into the Quick Service Restaurant (QSR) business, expanding its business interest beyond retail, modern trade, plastic manufacturing, electronics assembly and travel. According to reports by Ghana News Agency, the pizza maker would be operated by one of the group’s subsidiaries,…

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Amazon replaces Souq.com in Egypt with launch of own domain

EGYPT – Amazon, a global online shopping platform, has officially launched in Egypt by availing a new website Amazon.eg to replace Souq.com in the local market. The launch comes a month after the online shopping titan had announced its intention to have a presence in the North African country. It clarified that the platform will feature millions of items from local and international brands across a range of categories including grocery, home and kitchen, devises among many others. In 2017, the global marketplace site bought the Middle Eastern retailer Souq.com…

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Egyptian e-commerce platform MaxAB acquires Moroccan counterpart WaystoCap

EGYPT – MaxAB, an Egyptian B2B e-commerce platform, has acquired Moroccan counterpart WaystoCap, a distribution platform that connects retailers with suppliers across Africa. The acquisition will see MaxAB accelerate its expansion into the Maghreb market, empowered by WaystoCap’s expertise in the region. Additionally, MaxAB has confirmed an additional US$15 million investment from existing investors, as it closes its Series A, which brings the total capital raised by the ecommerce leader to more than US$60 milion. It secured US$40 million in Series A funding in July. Founded in 2018 by Egyptian…

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Commodity trading giants Roots Commodities, Rosa Grain to build US$140 million grain terminal in Egypt

EGYPT – Two commodity trading companies have signed a contract with the Egyptian government to build an EGP 2.2 billion (US$140m) bulk grain terminal in East Port Said, at the northern end of the Suez Canal on the Mediterranean Sea. Local firm Roots Commodities and Emirati company Rosa Grain will establish the facility in partnership with the Suez Canal Economic Zone (SCZone). This dedicated terminal will be set up on an area of 267,000 square meters and will have a capacity of handling between 1.5 million tonnes (MMT) to 7.2…

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