Edita Food Industries said it expects generating total sales of about EGP 20.5 billion in 2025, supported by the company’s operational performance and its multi-year growth strategy.

President Abdel Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk to review the progress of the state’s fiscal and economic policies.

B.TECH is targeting to boost its sales by 30% to around EGP 19 billion in 2024.

The Egyptian government has lowered its target for importing wheat from abroad this year by 17% year on year (YoY) to 5 million tons from its previous target of 6 million tons.

Egypt has trimmed its investment plan for the current fiscal year of (FY) 2023/2024 by 15%, which represents EGP 45 billion, Minister of Planning and Economic Development Hala Elsaid announced.