{"id":607305,"date":"2023-10-01T00:00:00","date_gmt":"2023-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/01\/this-evening-edita-is-getting-usd-45-mn-from-the-ifc\/"},"modified":"2023-10-01T00:00:00","modified_gmt":"2023-10-01T00:00:00","slug":"this-evening-edita-is-getting-usd-45-mn-from-the-ifc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/01\/this-evening-edita-is-getting-usd-45-mn-from-the-ifc\/","title":{"rendered":"THIS EVENING: Edita is getting USD 45 mn from the IFC"},"content":{"rendered":"

Good afternoon, friends. <\/strong> Welcome to a new week, as well as a new month that may be bringing cooler weather, although the back-to-school traffic is also in full swing. <\/p>\n

THE BIG STORY TODAY <\/strong><\/p>\n

IFC approves USD 45 mn loan to Edita: <\/strong> The International Finance Corporation (IFC) has signed off on a USD 45 mn loan to EGX-listed snackmaker Edita Food Industries to support its working capital in Egypt and Morocco, fund fresh capex, and to help it settle up to USD 10 mn of its previous IFC loan, Edita said in a disclosure<\/a> to the EGX. The loan will have a tenor of eight years, according to the statement.<\/p>\n

THE BIG STORY ABROAD <\/strong><\/p>\n

Picking up where we left off this morning, the US Congress passing a short-term measure to avoid a shutdown <\/strong>is still leading the international business press this afternoon. The stop-gap measure ensures that the government is funded for another 45 days and avoids it coming to a standstill as it has already partially stopped four times in the past decade.(Reuters<\/a> | Bloomberg<\/a> | Associated Press<\/a> | Wall Street Journal<\/a> | Financial Times<\/a> | Washington Post<\/a>)<\/p>\n

** CATCH UP QUICK <\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n