May 15, 2022

International Day of Families, Angel Yeast encourages households to bake at home.

YICHANG, China, May 15, 2022 /PRNewswire/ — Angel Yeast (en.angelyeast.com, SH600298), a listed global yeast and yeast extract manufacturer, announced on International Day of Families on May 15 that it will continue its longstanding commitment to support and promote a healthy lifestyle for families around the world. Offering a wide range of yeast products, the company aims to inspire and encourage urban households to bake and cook more at home.

As one of the missions of International Day of Families is to raise awareness regarding the well-being of families, Angel Yeast hopes to start with gastronomy to create discussions globally on how to lead a healthier and more sustainable lifestyle, according to Xishan Wang, deputy general manager at Angel Yeast.

“In recent years we’ve seen a decrease in home baking as busy modern life and the digital era has created more dining options. Young people especially are unwilling to cook so it raises concerns about food safety, nutrition, pollution from plastic packaging, as well as a lack of bonding and family vibe,” said Wang.

Angel Yeast has been taking a leading role in the family consumption of yeast products in China. It has gradually become a major supplier for the global market. Angel Yeast products are used in the making of bread, naan, baozi (steamed stuffed bun), and many other pasties by millions of families throughout the world.

To help and encourage people to do it themselves, Angel Yeast has printed QR codes on some product packages, which allow people to watch an educational cooking video. There is also a range of food DIY training programs for families organized by Angel Yeast around the world all aiming to create opportunities for families to spend more time together.

In addition, Angel Yeast has stepped up efforts in product innovation to offer more options for nutritious diets for families. Product lines include:

Bakery products: Angel Yeast has developed a range of safe, nutritious bread and cake mixes. Additionally, its aluminum-free raising agents have been used widely in China.
YE (Yeast Extract) flavoring: YE is a natural flavoring that can add more flavors and reduce the use of salts. With efforts from Angel Yeast, 90% of salt-reduced soy sauce in China adds YE to its ingredients.
Health care products: Yeast contains nutritious substances for human beings. Angel Yeast has innovated yeast protein technology to produce health care, medical and cosmetic products.
Homebrewing and distilling: Another key product line of Angel Yeast is yeast products for home brewing and distilling of beer, wine, and baijiu(rice liquor).

About Angel Yeast

Founded in 1986, Angel Yeast Co., Ltd specializes in the production of yeast and yeast derivatives. Its product range includes baker’s yeast and ingredients, Chinese dim sum and seasoning, savory yeast extract, human health, animal nutrition, plant nutrition, distilled spirits and biofuels, fermentation nutrients, and enzymes. At present, Angel Yeast has 12 international advanced production bases in China, Egypt, and Russia, and provides products and services for more than 160 countries and regions globally.

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Logo – https://mma.prnewswire.com/media/1586948/angel_logo_Logo.jpg

May 15, 2022

Egypt to Privatize Key State Companies as Inflation Surges

CAIRO — Egyptian Prime Minister Mostafa Madbouli announced Sunday a string of planned privatizations of state-owned companies, as Cairo grapples with an economic crisis and inflation at almost 15%.

Following years of accusations of state companies crowding out private investments, the government announced a roadmap to more than double the private sector’s share in the economy.

Madbouli laid out plans for 10 state-owned companies and two army-owned companies to be listed on the stock market later this year.

Two new holding companies, to incorporate “the seven largest ports” and “Egypt’s top hotels” will also be formed, percentages of which “will be listed on the stock exchange,” he told reporters.

By 2025, the government hopes to see “private sector contribution in investment grow to 65%,” up from 30% today.

President Abdel Fattah al-Sissi last month announced plans to “double its support to the private sector” in a program aimed to attract $10 billion annually over the next four years.

Earlier this month, American firm S&P Global released its latest Egypt Purchasing Manager’s Index, which showed the state’s non-oil private sector economy contracting for the 17th straight month.

Inflation hit a three-year high of 14.9% in April, a month after the Egyptian pound lost 17% of its value overnight.

The state’s grip on the Egypt’s economy has been criticized as creating unfair competition.

Business magnate Naguib Sawiris last year warned of the effects of an unfair playing field, arguing that “the state has to be a regulator, not an owner” of economic activity.

Madbouli on Sunday said there was “no alternative” to the state’s involvement in the economy, considering the “instability” of recent years, alluding to security concerns surrounding Sissi’s rise to power, and more recently the COVID-19 pandemic.

Since Sissi became president in 2014, the former army general has embarked on massive national infrastructure projects, where the key but opaque role the army has played in Egypt’s economy for decades took center stage.

Although no official figures are published about the army’s financial interests, the new push for privatization of military-owned companies could seek to correct a skewed investment environment.

Since Russia’s invasion of Ukraine in late February sent global commodity prices soaring, Egypt — the world’s largest importer of wheat — has been reeling from mounting economic pressures, pushing the country to apply for a new loan from the International Monetary Fund.

Source: Voice of America

May 15, 2022

Berhane Tsegay from Eritrea sets marathon record in Copenhagen

There are new record holders for both men and women after the 2022 edition of the Copenhagen Marathon.

Berhane Tsegay from Eritrea can call himself the new holder of the record time in the Copenhagen Marathon for men.

On Sunday morning, he covered the 42,195 kilometers in the streets of Copenhagen in a time of 2 hours, 8 minutes and 21 seconds. When he crossed the finish line at Islands Brygge, he was thus over a minute and a half faster than the previous race record in the Danish capital.

Number two, three, four and five also finished in times that were faster than Jackson Limo’s winning time from 2019.

Five minutes cut off the women’s record

Also in the women there is a new holder of the race record.

Just over a quarter of an hour after the men’s winner had crossed the finish line, Kenyan Hela Kiprob ran over it as the first woman. With a time of 2 hours, 24 minutes and 10 seconds, she cut a full five minutes off the previous record.

Among other things, this was the result of a flat route and good weather conditions.

Although it was not completely windless in the streets of Copenhagen, the many runners could enjoy pleasant conditions. At the start of the race, the temperature was just below 15 degrees, while along the way it managed to rise a few degrees in the almost cloudless capital.

This is the first time in three years that the race was held. In 2020 and 2021, the corona pandemic prevented the race from being implemented.

With four kilometers left of the men’s race, six runners were within a few steps, but Tsegay timed his attack perfectly and was able to run solo over the finish line after giving himself time to wave to the spectators on the run.

A total of 11,295 people had signed up for the race, but according to the race’s website, only 9026 runners competed.

Source: Dehai Eritrea Online