Fairs & conferences

The Cairo Chamber of Commerce announces the container shortage at the ports

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.

Chamber figures put the number of registered businesses at 41,000, up by 3,400 on last year, most of them in retail and logistics.

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.

Transparency in the supply chain is not a burden on the market; it is what protects it from monopoly.
Dr Mona Abdel-Hakim, economic adviser

Analysts expect no immediate effect on consumer prices: current stock covers market needs at least to the end of next quarter.

Where the divisions stand

  • localising household-goods manufacturing among next quarter’s priorities
  • A review of the timetable with the trade divisions
  • A monthly report to the federation’s board

A number of importers argue that the proposed timetable needs a transition period of at least six months, so that small businesses can adapt their accounting systems.

Written by

Ahmed El-Shahbandar

Managing editor · 25 stories · 7,587 followers

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

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