Latest news with #HoldingCompanyforFoodIndustries
Al-Ahram Weekly
28-04-2025
- Business
- Al-Ahram Weekly
Egypt state-owned food giant HCFI launches online sales on Amazon Egypt - Society
Egypt's Holding Company for Food Industries (HCFI), the country's largest state-owned food conglomerate, has begun selling its products via Amazon Egypt in a move that signals a broader push towards digital retail and public-private collaboration. The move marks a significant shift for the state-owned behemoth, which operates under the Ministry of Supply and oversees 22 specialized production firms, alongside stakes in several others. According to a statement reported by Ahram Arabic Gate, the initiative aims to increase accessibility to HCFI's wide-ranging product portfolio — including food items, personal care products, and other consumer goods — by tapping into the growing reach of e-commerce. 'The collaboration underscores the importance of private sector partnerships and the adoption of modern digital marketing strategies,' the company said. HCFI stressed its intention to deliver high-quality, Egyptian-made goods to a broader consumer base, and reiterated its commitment to future partnerships with major commercial players and global e-commerce platforms. The move also aligns with Egypt's wider digital transformation agenda, which includes modernizing distribution networks and promoting locally produced goods in online marketplaces. Online shopping has seen rapid growth in Egypt, driven by rising internet penetration and shifting consumer behaviour. The country's e-commerce market was valued at $9 billion in 2024 and is projected to reach $18.5 billion by 2029, according to Amazon Egypt CEO Omar El-Sahy in comments to Asharq Bloomberg. Follow us on: Facebook Instagram Whatsapp Short link:
See - Sada Elbalad
21-04-2025
- Business
- See - Sada Elbalad
Supply Min. Cuts Prices of Frozen Poultry, Eggs on Occasion of Sham El Nessim
Taarek Refaat Sherif Farouk, Minister of Supply and Internal Trade directed the Holding Company for Food Industries to cut the prices of some essential commodities that are in high demand during this period, including eggs, and frozen poultry. The price of a kilogram of frozen poultry will be reduced from EGP 135 to EGP 125, while the price of a tray of eggs (30 eggs) will be reduced from EGP 150 to EGP 120. These quantities will be available at all branches of the Holding Company for Food Industries' consumer complexes nationwide. This step comes within the framework of the Ministry's strategy to control markets and provide basic food commodities at high quality and reasonable prices, especially during holiday seasons and official occasions that witness increased consumption rates. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
See - Sada Elbalad
25-02-2025
- Business
- See - Sada Elbalad
Minister of Supply inaugurates Ahlan Ramadan 2025 largest exhibition in Cairo
Basant Ahmed Dr. Sherif Farouk, Minister of Supply and Internal Trade, has inaugurated the largest 'Ahlan Ramadan 2025' exhibition which is organized by the Holding Company for Food Industries at the Ministry of Supply in Al-Sawah Square in Cairo Governorate. The holding company provides all food commodity products at discounts of up to 30%. This comes within the framework of implementing the directives of the political leadership to inaugurate the Ahlan Ramadan 2025 exhibitions in the governorates of the Republic. The exhibition includes several pavilions to offer fresh meat, frozen poultry, and basic commodities such as rice, cooking oil, sugar, pasta, legumes, and other commodities, in addition to providing cheese, dairy, butter, vegetables, and fruits, as well as non-food commodities such as detergents. Dr. Sherif Farouk, Minister of Supply and Internal Trade, confirmed that the Ministry is working to increase the pumping of fresh and frozen meat during the coming period, to ensure its availability in large quantities and at reasonable prices in the Ahlan Ramadan exhibitions and one-day markets, in light of the high demand during the holy month. He added that the pumping rates of food commodities will also be increased within an integrated plan to control the markets and provide basic commodities at fair prices.
See - Sada Elbalad
17-02-2025
- Business
- See - Sada Elbalad
PM Inaugurates "Ahlan Ramadan 2025" Main Exhibition
Taarek Refaat PM Mostafa Madbouly inaugurated Sunday the main exhibition "Ahla Ramadan 2025" at the Exhibition Center in Nasr City, organized by the Ministry of Supply and Internal Trade, in cooperation with a number of ministries, during the period from February 16 to 26. The Prime Minister stressed the state's keenness to continue holding "Ahlan Ramadan" exhibitions every year, across the country at reasonable prices, with discounts of up to 30%, and to organize markets to support citizens, especially with the approach of the holy month of Ramadan, while stressing the need to continue continuous cooperation with the private sector to provide products with high quality and reasonable prices. Madbouly inspected a wide sector of the exhibition sections, praising the abundance and diversity of products in a way that meets all needs and tastes. During his tour, the Prime Minister was keen to check the availability of storage spaces in the exhibition, and the efficiency of the supply chain system to ensure the flow of goods and immediate replacement of what is sold to ensure the continued presence of all exhibits throughout the exhibition activities. He also inspected the quality of the display and packaging, and got acquainted about the prices of various goods and discount rates, and directed that their sale be available to citizens only and not to merchants. This year, the exhibition includes 140 pavilions, including the Holding Company for Food Industries of the Ministry of Supply, the National Service Authority of the Armed Forces, Aman of the Ministry of Interior, and major private sector companies, with discounts of up to 30%.
CairoScene
16-02-2025
- Business
- CairoScene
Egypt Plans to Boost Local Wheat Purchases By 11% This Season
With wheat imports at a decade high, Egypt now targets a bigger local supply, planning to buy 4 million tonnes locally. Feb 16, 2025 The Egyptian government is looking to increase its local wheat purchases by 11% this season, targeting 4 million tonnes from farmers when the harvest begins in mid-April. The country's wheat planting season started in mid-November and runs through the end of January. Harvesting will take place from mid-April to mid-July, covering 3.1 million feddans - down from last year's 3.2 million. Despite the push for local wheat, Egypt still expects to import around 6 million tonnes in 2025. In 2024, wheat imports surged to a decade-high of 14.2 million tonnes, marking a 31% increase from the previous year. The government's share of those imports rose by 30% to 6.2 million tonnes. Total wheat consumption stood at roughly 20 million tonnes last year, with similar levels anticipated in 2025. Alongside its wheat strategy, Egypt is in talks with Saudi Arabia about restructuring the Holding Company for Food Industries (HCFI) and expanding Saudi Panda retail chains. Discussions include potential partnerships with the 38 companies under HCFI and the retail outlets it operates.
