{"id":558476,"date":"2021-08-11T04:16:04","date_gmt":"2021-08-11T04:16:04","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/edita-borrows-egp-150-mn-from-credit-agricole-for-new-production-line\/"},"modified":"2021-08-11T04:16:04","modified_gmt":"2021-08-11T04:16:04","slug":"edita-borrows-egp-150-mn-from-credit-agricole-for-new-production-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/edita-borrows-egp-150-mn-from-credit-agricole-for-new-production-line\/","title":{"rendered":"Edita borrows EGP 150 mn from Credit Agricole for new production line"},"content":{"rendered":"

<\/a> Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance <\/strong>its <\/strong>new baked goods production line<\/a><\/strong>, the company said in a statement (pdf)<\/a> yesterday. The new line is expected to come online in 1Q2022.<\/p>\n

IN OTHER DEBT NEWS- EFG Hermes-owned microfinance player <\/strong>Tanmeyah<\/a><\/strong> could <\/strong>file for an FRA-regulated SME microfinancing license before year\u2019s end. <\/strong>Tanmeyah is currently studying the prospect of requesting the microfinance license for SMEs and could move forward with plans later this year, CEO Amro Abouesh said at a presser yesterday, Hapi Journal<\/a> reports. The license would allow Tanmeyah to provide its micro leasing products to SMEs under the Microfinancing Act<\/a>.<\/p>\n

ELSEWHERE- Tanmeyah <\/strong>has received Central Bank approval to offer Meeza cards<\/a><\/strong> to customers, <\/strong>making it the first non-banking company to do so, Abouesh told<\/a> the press.<\/p>\n","protected":false},"excerpt":{"rendered":"

Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance its new baked goods production line, the company said in a statement (pdf) yesterday. The new line is expected to come online in 1Q2022. IN OTHER DEBT NEWS- EFG Hermes-owned microfinance player Tanmeyah could file for an FRA-regulated SME microfinancing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[205,88,191,72,76,287,202,2103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558476","post","type-post","status-publish","format-standard","hentry","category-debt-watch","tag-credit-agricole","tag-debt-watch","tag-edita","tag-enterpriseam","tag-financial-regulatory-authority","tag-smes","tag-tanmeyah","tag-tasaheel","wpautop","entry"],"acf":{"mongo_id":"86118abd-fb79-45dd-a4f4-77b98a995641","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[558465],"teaser":"","voice_url":""},"yoast_head":"\nEdita borrows EGP 150 mn from Credit Agricole for new production line - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/edita-borrows-egp-150-mn-from-credit-agricole-for-new-production-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edita borrows EGP 150 mn from Credit Agricole for new production line\" \/>\n<meta property=\"og:description\" content=\"Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance its new baked goods production line, the company said in a statement (pdf) yesterday. The new line is expected to come online in 1Q2022. 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The acquisition will allow Tanmeyah access to Fatura\u2019s growing network of merchants, which it would use to fill a large gap in the B2B credit market,\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/TanmeyahxFatura-Signing-1.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564172,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/15\/and-egypts-first-microleasing-license-goes-to\/","url_meta":{"origin":558476,"position":5},"title":"And Egypt\u2019s first microleasing license goes to...","author":"enterpriseam admin","date":"15 August 2021","format":false,"excerpt":"Tasaheel acquires Egypt\u2019s first microleasing license: Micro lender Tasaheel was today granted the first license for microfinance leasing in the Egyptian market by the Financial Regulatory Authority (FRA), a source at the regulator told Enterprise today. 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