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Food and Beverage

Egypt sees highest recorded quarterly growth rate in the last 2 decades

The restaurants and hotels sector saw the highest quarterly growth rate by around 181.8%

Was Cristiano Ronaldo’s Coca Cola snub what caused a $4B loss?

The reasons behind stock market movements are complex and happen due to various external and internal factors, including overall market outlook and movement

Egyptian grocery startup Appetito raises $450K in seed round

Launched in early 2020, Appetito operates through a dark stores model, where products are sourced from manufacturers, and stored in mini fulfilment centers

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