Latest news with #RayaHolding
Zawya
3 days ago
- Business
- Zawya
Raya Foods and the Ministry of Agriculture explore enhanced cooperation to support agriculture and empower farmers
Cairo, Egypt – Raya Foods, a portfolio company of Raya Holding for Financial Investments, held a strategic meeting with the Ministry of Agriculture and Land Reclamation to explore collaboration opportunities aimed at advancing the agricultural sector and empowering farmers. The meeting comes as part of the company's ongoing expansion plans and efforts to foster sustainable agricultural growth, improve sector development, increase production rates, and boost agricultural exports in alignment with Egypt's Vision 2030 for development. During the meeting, Raya Foods showcased its agricultural program 'RAP' and its vital role in meeting diverse technical specifications required by global buyers while maintaining the highest standards of food safety. The program is distinguished by its ability to deliver tailored specifications according to various customer needs. The discussion also included proposals for cultivating high-demand crops in global markets, such as jalapeños. Additionally, plans were reviewed for securing further support from several international financial institutions to scale up operations and expand both exports and production in the near future. Commenting on the meeting, Omar Abdelaziz, CEO of Raya Foods, stated: 'We believe that effective partnerships with key stakeholders are essential to the development of the agricultural sector. Through the RAP program, we work to empower farmers by providing them with practical tools that combine training, technical support, and smart financing enhancing production quality and boosting the competitiveness of Egyptian exports.' He added: 'At Raya Foods, we take pride in being Egypt's top strawberry exporter and in exporting over 3,000 products annually to 50 countries, all made from 100% locally sourced raw materials. We also adopt smart agriculture solutions, including modern irrigation systems and drone-enabled crop management' Raya Foods, a portfolio of Raya Holding, specializes in the processing and exporting of a wide range of frozen fruits and vegetables. While serving the local market, the company exports 99% of its products to global markets including the United States, Europe, Asia, and the GCC. Raya Foods is committed to meeting daily consumer needs, supporting local farms, and offering innovative food solutions that align with evolving tastes and lifestyles. Raya Foods continues its intensive efforts to expand its agricultural network and strengthen its role as a key driver of growth in the agriculture industry, one that is increasingly shaped by innovation and efficiency. Amid rising international demand for agricultural products, these efforts contribute to enhancing the competitiveness of Egyptian exports in both regional and global markets, reinforcing Raya Holding's position as a leading private sector player in supporting agricultural development in Egypt.
Zawya
3 days ago
- Business
- Zawya
Egypt: Raya Foods, Agriculture Ministry discuss cooperation to boost exports, support farmers
Arab Finance: Raya Foods, a portfolio company of Raya Holding for Financial Investments, held a meeting with Egypt's Ministry of Agriculture and Land Reclamation to explore potential collaboration to support the agricultural sector and improve conditions for farmers, as per an emailed press release. The meeting is part of Raya Foods' expansion plans aimed at promoting sustainable agricultural practices, increasing production, and improving export performance in line with Egypt's Vision 2030. Raya Foods presented its agricultural program 'RAP,' which helps meet the technical specifications required by international buyers while adhering to food safety standards. The program is designed to provide specifications tailored to different customer needs. The discussion also addressed the cultivation of crops with demand in global markets, such as jalapenos, and included plans to secure support from international financial institutions to expand production and exports. Raya Foods processes and exports a range of frozen fruits and vegetables. While serving the local market, it exports 99% of its products to destinations including the United States, Europe, Asia, and the Gulf Cooperation Council countries. Focused on meeting daily consumer needs and working with local farms, Raya Foods continues to expand its agricultural operations. These efforts aim to strengthen the competitiveness of Egyptian exports and reinforce Raya Holding's role in agricultural development. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
03-07-2025
- Business
- Zawya
Raya Electronics expands Lenovo partnership to support Egypt's shift to Windows 11
Arab Finance: Raya Electronics, a subsidiary of Raya Trade and part of Raya Holding for Financial Investments, has expanded its partnership with technology company Lenovo to support Egyptian enterprises in transitioning from Windows 10 to Windows 11, as per a disclosure. The initiative aims to enhance cybersecurity, operational efficiency, and digital preparedness. Through its Enterprise Solutions division, Raya Electronics will offer Lenovo devices equipped with Windows 11, tailored to the needs of business clients in Egypt. The collaboration also includes a set of services such as flexible financing options and technical support to help ensure business continuity. The partnership is part of Raya Electronics' broader efforts to contribute to the digital development of the enterprise sector in Egypt. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-06-2025
- Business
- Zawya
Egypt: Ascom plans to acquire 90% of Ostool Transport's shares
Arab Finance: The board members of Asek Company for Mining (Ascom) agreed to make a purchase offer for 90% of Ostool Transport's shares, in exchange for EGP 641 million, according to a bourse filing. Ascom intends to buy 77.941 million shares in Ostool Transport, a subsidiary of Raya Holding for Financial Investments, with a nominal value of EGP 8.224 per share. Established in 1975, Ascom is involved in mining and production of calcium carbonate, sand, glass, gravel, gypsum, silica, kaolin, limestone, and other related minerals. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
24-06-2025
- Business
- Zawya
Raya Holding completes final accelerator cycle in partnership with GIZ, with Raya FutureTECH
10 high-potential startups pitching innovations in logistics, fintech, retail, renewable energy, EVs, and smart mobility Raya Holding provides executive mentorship, commercial collaboration, and investment opportunities through its diverse investment portfolio The Raya-GIZ partnership aims to empower youth and support the digital economy under the framework of the DevelopPPP program Cairo, Egypt: Raya Holding for Financial Investments has officially launched the third and final cycle of its startup accelerator program, Raya FutureTECH, in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), under the DevelopPPP program, an initiative by the German Federal Ministry for Economic Cooperation and Development (BMZ) designed to foster impactful partnerships between the private sector and development efforts in emerging markets. The Raya FutureTECH accelerator targets startups working in strategic sectors aligned with Raya's areas of operation, including information technology, customer experience, logistics, fintech, retail, clean energy, and smart mobility. The program offers hands-on mentorship from Raya's senior executives, proof of concept creation, opportunities to collaborate with industry leaders, and access to the group's broad expertise and capabilities, helping entrepreneurs move from concept to real-world application and growth. This cycle kicked started in March, and over the past few months, all participating startups have received personalized one-on-one sessions and mentorship from experts at Raya Holding and specialists in their respective fields. The final cycle concludes with a flagship pitching night, where 10 startups will present their innovative solutions to a jury including representatives from Raya Holding, GIZ. Winning startups will receive additional support and potential funding from Raya to continue developing their solutions and scale their impact, further reflecting Raya's commitment to open innovation as a strategic tool for inclusive, sustainable growth. The Investment Readiness Program will support five winners from this cycle, offering both group and one-on-one guidance on financial modeling and valuation, while also connecting startups with potential customers, partners, and investors Ahmed Khalil, CEO of Raya Holding for Financial Investments, stated: "At Raya Holding, we believe that supporting startups is not just a social responsibility, it's a natural extension of our role as an investment company that places innovation at the core of its strategy. We open our doors to visionary founders, offering them the mentorship, collaboration, and even direct investment they need to grow. These new ideas don't just enhance our investment portfolio, they fuel an entire ecosystem of progress. Our investment philosophy is clear: the future belongs to those we empower today." He added, 'While this may be the final cycle within our current partnership with GIZ, the journey of Raya FutureTECH continues. Our commitment to the entrepreneurial ecosystem remains strong, and we will keep supporting the next generation of founders through bold, future-focused initiatives that reflect Raya's role as an active enabler of innovation and growth in Egypt.' Sameh Hammad, Implementing Head of Project at GIZ Egypt, shared, 'GIZ is a strong supporter of private businesses in emerging economies and markets with new technologies. By partnering through programmes like DeveloPPP for jobs, we help these businesses grow, create jobs, and boost economies. Our work with Raya on growth-stage scale-ups is one of three key initiatives to support startups at different stages.' He continued, 'With this programme, we've assisted 34 growing companies in tech sectors like agri-tech, logistics tech, e-commerce, and fintech. We've seen promising ideas from Egypt's startup scene, providing them with technical support, skills development, and networking opportunities. Our aim is to connect them with investment opportunities, helping them thrive and strengthening Egypt's tech and business landscape for the future.' Participating Startups: For Wheelz: A mobility tech platform that integrates real-time vehicle diagnostics, a centralized spare parts marketplace, and InsurTech solutions to reduce breakdowns, costs, and accidents. Tayara: Egypt's first EV-Fleet-as-a-Service platform, transforming delivery fleets with affordable, eco-friendly electric bikes and inclusive rider services. Nanovate: Builds AI-powered chat and voice agents that automate sales, support, and engagement across digital platforms with human-like fluency. Mezatech: Offers integrated retail, repair, refurbishment, and recycling solutions for tech devices, covering the full product lifecycle with dedicated brands. Card-Y: A cross-border virtual payment platform empowering individuals and businesses in Africa with seamless financial freedom. EVRaid: Egypt's first AI-driven EV powertrain manufacturer, developing high-performance, locally produced energy systems for electric vehicles. Oaaps: Simplifies logistics and customs operations by digitizing international trade processes, targeting e-commerce, factories, and global traders. WinFi: A cloud-first Wi-Fi solution enabling businesses to control their networks, gather customer insights, and unlock new engagement channels. TGS (The Green System): Tackles food security and climate change through year-round agricultural technology that ensures efficient, sustainable food production. Meyahh: A digital procurement platform transforming the water treatment supply chain by connecting contractors, distributors, and manufacturers in one ecosystem. Launched in 2020 by Raya Contact Center (RCX), a portfolio company of Raya Holding. Raya FutureTECH joined the Global Accelerator Network (GAN) in 2021, granting Egyptian startups access to one of the world's largest entrepreneurial communities. Since inception, the program has hosted 12 digital webinars, 6 hackathons, and 3 full acceleration cycles, leaving a tangible impact on Egypt's innovation and startup landscape.
