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EGYPT – Egyptian snacks giant Edita Food has signed two medium-term loan agreements worth EGP 390 million (US$12.60M) to finance investments related to the newly acquired frozen bakery segment for the next seven years. Founded in 1996, Edita Foods is the leader in the Egyptian packaged snack market with a portfolio of brands that includes Molto, TODO, MiMix, Bake Rolls,…
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EGYPT – Edita Food Industries (EFI), a leading Egyptian snack food producer, has entered the frozen bakery segment by the acquisition of Fancy Foods S.A.E., a local manufacturer specializing in the production of frozen foods for US$12 million. Ecofin Agency reports that the company made the announcement through a press release published on May 30, on the company’s website. According…
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EGYPT – Edita Food Industries (EFI), Egyptian snacks giant, has more than doubled its net profit for the fiscal year 2022 which ended on December 31 last, to hit 959.4 million pounds (US$31.3 million), Agence Ecofin has reported. The company noted that the impressive performance which exceeded the previous record of 471.9 million pounds (US$15.4 million) was attributed to a…
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