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The foodstuffs division announces fully digital shop licensing

He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.

The division head said the meeting examined the direct effect of the decision on supply inside the local market, and that the Chamber submitted a detailed memorandum carrying traders’ proposals on the timetable.

The Chamber had earlier launched a trader training programme on e-invoicing, taken up by more than 2,100 participants across six governorates.

The figures in brief

The meeting closed by forming a joint Chamber–ministry committee, meeting weekly to follow implementation and reporting monthly to the federation’s board.

Commodity Last week This week
Steel 41,200 42,000
Cement 3,850 3,900
Staple prices
The small trader is not asking for a subsidy. He is asking for one clear rule that does not change every three months.
Ahmed El-Shahbandar, Chamber board member

The ministry’s representative stressed that the new rules aim at transparency in the supply chain rather than at fixing prices, and that breaches will go to the Consumer Protection Agency.

Where the divisions stand

  • fully digital shop licensing among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

He added that stock turnover improved by close to 12% over the last quarter, but that the cost of finance remains the first obstacle to expansion in the governorates.

Written by

Karim Fouad

Markets correspondent · 25 stories · 6,457 followers

Markets correspondent at Bayt Al Toggar, following market decisions and what they do to trade and supply in Cairo.

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