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Food and Beverage

F&B company Agthia to acquire 75% stake in Ismailia Investments (Atyab)

Ismailia Investments owns brands Atyab, Meatland, Shiketita, and Furatt, Ayab saw strong profit margins in 2020 amounting to about 19 percent

Jumia dives into FoodTech and delivery, launches new food app

So far, Jumia’s food delivery service, Jumia Food Egypt, has added chain restaurants such as McDonalds and Burger King

Juhanya CEO detained as part of on-going investigation

Thabet’s detention comes as part of an investigation against Juhayna’s ex-chairman Safwan Thabet regarding “personal accusations unrelated to the company”