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Egypt
Import-export firms turn to black market for US dollars

A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market. [...]

Published on 20/12/2022 at 05:00 GMT Reading time 2 minutes

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Finance

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Central Bank of Egypt
General Investment Authority
International Monetary Fund

Egypt
Big players weather Egypt wheat crisis but many small firms may perish

Major disruption in Egypt's wheat processing sector continues as the country awaits an IMF loan due next month. Only a handful of major players are managing to get supplies, while many smaller flour mills may not survive.

Subscribers only Commodity traders 28.11.2022

Workers unload wheat at the Banha grain silos, in Qalyubia Governorate, Egypt, the 25th May 2022.

Egypt
Egyptian diplomats set for heavy cuts

Egypt's government has launched an initiative to reduce the diplomatic corps' budget. Public spending is on the line as the state's debt grows amid the war in Ukraine.

Subscribers only Diplomacy 23.11.2022

Egypt
Cairo banks on IMF to save wheat-starved private flour mills

The state body that provides wheat for Egypt's subsidised bread programme has agreed to supply private millers to help them through a crisis that has shut most of their mills. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief.

Subscribers only Commodity traders 24.10.2022

North Africa
Potential Ukrainian wheat supply blockage for Algiers and Cairo

The Moscow-Kyiv crisis is leading to a drastic reduction in the volume of grain shipped from Black Sea ports. Fearing a Russian offensive, shipping companies are now refusing to make new commitments to traders. This situation particularly affects Algiers, which has been relying on supplies from this region to compensate for its halt in French purchases, but it is also of consequence to Egypt.

Subscribers only Commodity traders, Business 16.02.2022

Barley grain is mechanically poured into a 40,000 ton ship at a Ukrainian agricultural exporter's shipment terminal in the Black Sea port of Mykolaïv, in Ukraine.

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General Investment Authority
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Egypt
Import-export firms turn to black market for US dollars

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Egypt
Big players weather Egypt wheat crisis but many small firms may perish

Egypt
Egyptian diplomats set for heavy cuts

Egypt
Cairo banks on IMF to save wheat-starved private flour mills

North Africa
Potential Ukrainian wheat supply blockage for Algiers and Cairo

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Egypt Import-export firms turn to black market for US dollars

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create a free account

Set up email notifications for these topics

Egypt Big players weather Egypt wheat crisis but many small firms may perish

Egypt Egyptian diplomats set for heavy cuts

Egypt Cairo banks on IMF to save wheat-starved private flour mills

North Africa Potential Ukrainian wheat supply blockage for Algiers and Cairo

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Egypt
Import-export firms turn to black market for US dollars

Egypt
Big players weather Egypt wheat crisis but many small firms may perish

Egypt
Egyptian diplomats set for heavy cuts

Egypt
Cairo banks on IMF to save wheat-starved private flour mills

North Africa
Potential Ukrainian wheat supply blockage for Algiers and Cairo