Egyptian military agency now in control of wheat imports

Egypt’s military has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights the growing role of the Egyptian armed forces in the economy, according to reporting by Reuters. The Mostakbal Misr Agency for Sustainable Development, affiliated with the Egyptian Air Forces, is now exclusively responsible for importing food commodities. Under President Sisi, military-owned firms in Egypt have seen significant growth, a development that has raised concerns among some business leaders and foreign investors. The Egyptian government says the role of these companies is an important way to address gaps in the market and ensure stability.