Industry Dynamics

Agriculture-focused news outlet East Fruit said that Morocco’s bell pepper exports grew by 45% annually over the past five years.

The company will be acquiring 100 percent of Fancy Foods’ assets, two full production lines, machinery, land, property, a distribution arm, technical know-how and recipes for a range of frozen bakery SKUs.

The agreement was signed by officials from SCZone, the Sovereign Fund of Egypt for Investment and Development (TSFE), Egypt’s New and Renewable Energy Authority (NREA), and the Egyptian Electricity Transmission Company (EETC).

Morocco's largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said.

On April 17, 2022, the Programme for Granting Subsidies to Farmers held its 4th session of the steering committee under the leadership of the Minister of Agriculture and Rural Development , Gabriel Mbairobé.

Moroccan Minister of Energy Leila Benali shared the new data with MPs at the House of Councillors on May 2, stressing the country’s efforts to accelerate investments in gas infrastructure.

The cost of the traditional lunch table on the day of Eid, which is usually composed of tajines, pastillas, and grilled chicken, has surged even more as other food products also experience inflated prices.

The Egyptian Ministry of Finance allocated 45 billion EGP to purchase local wheat from farmers this year, with an increase of more than 19 billion EGP compared to the last year, said Minister Mohamed Maait in a statement on Friday.

In their Egypt Infrastructure report, Fitch Solutions predicted that the Egyptian construction industry will increase by 6.8% year on year, followed by average annual growth of 7.4% between 2024 and 2027.