Almarai mulls Egyptian acquisitions

Almarai Company, Saudi Arabia's biggest listed dairy firm, is studying more acquisition opportunities in Egypt after spending $115 million last month to buy an Egyptian company and its farmland

Almarai in $115m deal to buy Egyptian firm

Saudi-based Almarai has agreed to buy Egyptian firm Beyti for $115 million, allowing a new joint venture with Pepsico to set foot in the Arab world's most populous nation. The price tag includes a 75-hectare piece of land.

Food security or economic slavery?

These arrangements are reminiscent of “banana republics” when many African countries served as plantations for European countries -- but even those did not come with such explicit restrictions and rigidities.

Egypt to start wheat farms in northern Uganda

The Egyptian Ministry of Agriculture and Land Reclamation is planning to set up model farms in Uganda. So far, one site of 200 hectares suitable for wheat growing has already been identified at Labora, Koro sub-county in Gulu district.

Sudan eyes growth in Arab agri investment

Agricultural investment in Sudan by Arab countries looking to guarantee supplies of staples such as wheat for their people will account for up to 50 percent of all investment in the country from 2010

Egypt plans to sell farmland in tenders

Egypt may start selling farmland in tenders to foreign and local investors by June as part of a new agro-industrial zones project, the head of the country's Industrial Development Authority said.