Egypt's Major Upcoming Projects

The launch of the Tripartite Free Trade Area* (TFTA) from Egypt in 2015 is a sign of a renewed bilateral relation between Egypt and Africa: Egypt is the entryway to Africa, and Africa is the new pathway for economic growth. The TFTA represents an integrated market of 26 countries with a combined population of 632 million which is 57 % of Africa's population, with a total GDP of US$ 1.3 trillion in 2014 (about 58 % of Africa's GDP). The free trade agreement will bolster intra-regional trade by creating a wider market, increase investment flows, enhance competitiveness, and encourage regional infrastructure development as well as pioneer the integration of the African continent.

Africa’s Food Exchange

Before 2000, Sub-Saharan Africa was a net exporter of food

Today, the region has a food import bill of over $35 Billion per year, and imports exceed exports by 30%

Egypt’s’ Relation with Africa

Africa’s global economic and strategic importance is rapidly increasing, With 54 countries and a population of over a billion people, it is the second largest continent in terms if area and population, in addition to being rich in resources

The Egyptian government is seeking to reinforce Egypt’s trade relations with its African partners. In 2014, Egypt’s exports to Africa reached $3.8 Billion (14% of total Egyptian exports); while imports from Africa stood at $1.2 Billion (1.7% of total imports).

Egypt’s FMCG Sector:

With 90 million inhabitants, 70% of which are under the age of 30, Egypt is considered the 2nd economy of Africa

US-based Kellogg’s purchased an 86% stake in Egypt’s Bisco Misr in January 2015 for US$ 125 Million, and acquired Mass Food Group in September for US$ 50 Million

Egyptian food producer Edita Food Industries held a successful initial public offering of 30% of its shares on the Egyptian Stock Exchange in March, with the issue 4.5-times oversubscribed, indicating robust investor appetite

The demand for ready-made food in Egypt is growing rapidly as the increasing number of women entering the work force pushes the demand for convenience based food even further