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Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
Edita looks to acquire Bisco Misr?
Edita is yet to submit an official offer or take any tangible steps towards acquiring the company
Edita’s bottom line rose 57% in 2023
Revenues were pushed up by an increase in sales and price hikes
Edita wants to invest 1 EGP bn to expand production capacity
The company’s sales saw a 20% y-o-y in 2023
What the markets are doing on 13 November. 2023
MARKET NEWS- Edita is paying out dividends of EGP 299.7 mn at EGP 0.43 per share on its 2022 earnings,…
Edita’s earnings jump in 3Q, 9M 2023
Edita saw its net income rise 49% y-o-y in 3Q 2023
Snackmaker Edita expands frozen food segment
Edita recently doubled its capex for the year to EGP 800 mn
Snackmaker Edita lands USD 45 mn loan from the IFC to fuel growth
The loan will support the company’s working capital, fund fresh capex, and help it settle a previous loan from the…
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