{"id":619914,"date":"2024-05-13T00:00:00","date_gmt":"2024-05-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/"},"modified":"2024-05-13T00:00:00","modified_gmt":"2024-05-13T00:00:00","slug":"banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/","title":{"rendered":"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita"},"content":{"rendered":"<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Banque Misr\u2019s Misr Digital Innovation (MDI) has so far invested EGP 2.5 bn in <\/strong><strong>Onebank<\/strong>, which is set to be the country\u2019s first digital bank, MDI\u2019s CEO Sherif Elbehery told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/article\/63594\/25-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%83%D9%84%D9%81%D8%A9-%D8%A5%D8%B7%D9%84%D8%A7%D9%82-%D8%A3%D9%88%D9%84-%D8%A8%D9%86%D9%83-%D8%B1%D9%82%D9%85%D9%8A-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. MDI wants to beef up Onebank\u2019s paid-up capital to EGP 5.5 bn by mid-2025, up from the current EGP 4 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> MDI received preliminary approval <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f9ecb2b-bca7-4c60-a412-abce680d5375\/banque-misr%25e2%2580%2599s-mdi-receives-approval-for-digital-banking-license-from-cbe-%2B-cbe-issues-new-ownership-regulations\" style=\"\" rel=\"noopener\">last week<\/a> from the Central Bank of Egypt to launch Onebank, which it plans to do in 4Q 2024 after finalizing the second phase of due diligence and acquiring the operating license.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF DIGITAL BANKS- OPay one step closer to digital bank license?&nbsp;<\/strong>China-backed fintech company <a target=\"_blank\" href=\"https:\/\/www.opayweb.com\/\" style=\"\" rel=\"noopener\">OPay<\/a> plans to apply for a digital bank license before the end of the month, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/05\/13\/1791423\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing sources familiar with the matter. The company announced its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0cd58af2-675a-444f-b309-dbecca21d0d9\" style=\"\" rel=\"noopener\">intention to apply<\/a> for the license back in August of last year, shortly after the CBE published <a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story?storyId=6ceb3441-e6c5-4f50-b5ac-d2341abbcb32\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/news\/story?storyId=6ceb3441-e6c5-4f50-b5ac-d2341abbcb32\" style=\"\" rel=\"noopener\">new licensing rules for digital banks<\/a>. The digital bank will offer lending, saving, and card services alongside accepting digital, point of sale (POS), and e-wallet payments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> Local firms <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f9ecb2b-bca7-4c60-a412-abce680d5375\/\" style=\"\" rel=\"noopener\">Basata Financial Holding<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad98faeb-8ab6-46e2-8492-f156522a0e77\" style=\"\" rel=\"noopener\">Ostoul Securities Brokerage<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2e5e8e38-c790-4c52-8397-24915e148e0b\/chevron-to-start-nargis-gas-production-in-2025.-plus:-redcon-%2B-compass,-paysky-has-big-plans,-new-administrative-capital-construction\" style=\"\" rel=\"noopener\">PaySky<\/a> have also announced their plans to apply for a digital bank license.<\/p>\n<p class=\"tag-border-left\">COMPETITION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ECA files criminal cases against major poultry brokers over alleged price-fixing: <\/strong>The Egyptian Competition Authority (ECA) has initiated criminal proceedings against seven major brokers in the local poultry market, accusing them of collaborating to inflate and fix the price of poultry sold from farms to wholesalers, the authority said in a <a target=\"_blank\" href=\"https:\/\/eca.org.eg\/ar-eg\/%D8%AC%D9%87%D8%A7%D8%B2-%D8%AD%D9%85%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B3%D8%A9\/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2-%D8%A7%D9%84%D8%A5%D8%B9%D9%84%D8%A7%D9%85%D9%89\/%D8%A8%D8%B5%D9%88%D8%B1%D9%87-%D9%88%D8%AA%D8%B5%D9%86%D9%8A%D9%81-299c6048b31b348a129b5dba0e423a7b\/%D8%AD%D9%85%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D9%86%D8%A7%D9%81%D8%B3%D8%A9-%D9%8A%D8%AD%D8%B1%D9%83-%D8%A7%D9%84%D8%AF%D8%B9%D9%88%D9%89-%D8%A7%D9%84%D8%AC%D9%86%D8%A7%D8%A6%D9%8A%D8%A9-%D8%B6%D8%AF-7-%D9%85%D9%86-%D9%83%D8%A8%D8%A7%D8%B1-%D8%A7%D9%84%D8%B3%D9%85%D8%A7%D8%B3%D8%B1%D8%A9-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D8%A7%D9%84%D8%AF%D9%88%D8%A7%D8%AC%D9%86-%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%87%D9%85-%D8%B9%D9%84%D9%89-%D8%AA%D8%AD%D8%AF%D9%8A%D8%AF-%D8%A7%D9%84%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Snackmaker Edita Food Industries has secured an EGP 990 mn loan<\/strong> with an eight-year tenor, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/847.pdf\" style=\"\" rel=\"noopener\">EGX disclosure (pdf)<\/a> without disclosing the lenders. The loan will be used to finance capacity expansion and the acquisition of new production lines.<\/p>\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewedy Electric eyes raising its capex to EGP 5 bn<\/strong>, as the company looks to complete current investments in its pipeline and increase its production capacity across its factories \u2014 including its factories in Saudi Arabia \u2014 the company said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/749.pdf\" style=\"\" rel=\"noopener\">EGX<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/749.pdf\" style=\"\" rel=\"noopener\">disclosure<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/749.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>.<\/p>\n<p class=\"tag-border-left\">INVESTMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>United Pharma to spend EGP 150-200 mn on expansion:<\/strong> RX Healthcare\u2019s United Pharma plans to invest some EGP 150-200 mn this year to set up a research center, launch new products, and upgrade existing production lines, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/05\/13\/1791452\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing unnamed sources. <\/p>\n<p class=\"tag-border-left\">FINTECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Contact, <\/strong><strong>Damen <\/strong><strong>to collaborate: <\/strong>Contact Financial subsidiary Contact Pay has inked a strategic partnership with e-payments firm <a target=\"_blank\" href=\"https:\/\/damen.com.eg\/\" style=\"\" rel=\"noopener\">Damen<\/a> to work together to build a \u201ccomprehensive digital payment ecosystem,\u201d the two companies said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/781.pdf\" style=\"\" rel=\"noopener\">joint statement (pdf)<\/a>. Damen will help Contact reach a wider customer base by expanding its geographical presence through its over 100k points of sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank<\/p>\n","protected":false},"author":1,"featured_media":619915,"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":[7209],"tags":[111,204,576,1978,933,191,549,152,72,183,7091,131,7314,8588,1078,287,4220],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-banque-misr","tag-competition-watch","tag-contact-financial","tag-edita","tag-egyptian-competition-authority","tag-elsewedy-electric","tag-enterpriseam","tag-fintech","tag-food-prices","tag-manufacturing","tag-misr-digital-innovation","tag-onebank","tag-opay","tag-smes","tag-united-pharma","wpautop","entry"],"acf":{"mongo_id":"09a04f98-45ca-431e-9e58-ee298750ed6b","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/837.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank.","related_issue":[619893],"teaser":"MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.3e1df71b-5706-4828-a522-98538e029a2f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita - 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\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita\" \/>\n<meta property=\"og:description\" content=\"MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita\",\"datePublished\":\"2024-05-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/\"},\"wordCount\":483,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"banking\",\"Banque Misr\",\"competition watch\",\"Contact Financial\",\"Edita\",\"Egyptian Competition Authority\",\"Elsewedy Electric\",\"EnterpriseAM\",\"Fintech\",\"food prices\",\"Manufacturing\",\"Misr Digital Innovation\",\"Onebank\",\"OPay\",\"SMEs\",\"United Pharma\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/\",\"name\":\"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-13T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/","og_locale":"en_US","og_type":"article","og_title":"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita","og_description":"MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-05-13T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita","datePublished":"2024-05-13T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/"},"wordCount":483,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","banking","Banque Misr","competition watch","Contact Financial","Edita","Egyptian Competition Authority","Elsewedy Electric","EnterpriseAM","Fintech","food prices","Manufacturing","Misr Digital Innovation","Onebank","OPay","SMEs","United Pharma"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/","name":"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1","datePublished":"2024-05-13T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/13\/banque-misrs-mdi-has-poured-some-egp-2-5-bn-into-onebank-plus-news-from-elsewedy-electric-opay-edita\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Banque Misr\u2019s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/837.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":670322,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/18\/the-countrys-first-digital-bank-to-launch-services-next-year\/","url_meta":{"origin":619914,"position":0},"title":"The country\u2019s first digital bank to launch services next year","author":"enterpriseam admin","date":"18 August 2025","format":false,"excerpt":"MDI has received approval from the Central Bank of Egypt to transform into onebank","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2177.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619574,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/07\/banque-misrs-mdi-receives-approval-for-digital-banking-license-from-cbe-cbe-issues-new-ownership-regulations\/","url_meta":{"origin":619914,"position":1},"title":"Banque Misr\u2019s MDI receives approval for digital banking license from CBE + CBE issues new ownership regulations","author":"enterpriseam admin","date":"7 May 2024","format":false,"excerpt":"Those acquiring more than a 10% stake in a bank would have to request approval from the CBE 60 days in advance","rel":"","context":"In &quot;Banking&quot;","block_context":{"text":"Banking","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/banking\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/5\/290.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":619513,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/02\/mdi-gets-initial-approval-to-launch-egypts-first-digital-bank\/","url_meta":{"origin":619914,"position":2},"title":"MDI gets initial approval to launch Egypt\u2019s first digital bank","author":"enterpriseam admin","date":"2 May 2024","format":false,"excerpt":"Good afternoon, folks, and happy Thursday. Don\u2019t forget to switch off your alarm clocks as the public and private sectors and all banks will be off on Sunday and Monday in observance of Labor Day and Sham El Nessim next week.And that includes EnterprisePM Egypt, which will be taking a\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603708,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/20\/banque-misrs-mdi-applies-for-digital-banking-license-plus-cairo-metro-line-3-b-tech-outsourcing\/","url_meta":{"origin":619914,"position":3},"title":"Banque Misr\u2019s MDI applies for digital banking license. PLUS: Cairo Metro Line 3, B.TECH + outsourcing","author":"enterpriseam admin","date":"20 August 2023","format":false,"excerpt":"MDI is the first company to apply for a digital banking license","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/896.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":603950,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/national-bank-of-egypt-banque-misr-report-higher-net-income-in-2022\/","url_meta":{"origin":619914,"position":4},"title":"National Bank of Egypt + Banque Misr report higher net income in 2022","author":"enterpriseam admin","date":"23 August 2023","format":false,"excerpt":"Both lenders reported expansion of their loan book, despite sharply higher interest rates","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1005.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592435,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/06\/al-ezz-dekheila-steel-greenlights-share-buyback-egx-delisting\/","url_meta":{"origin":619914,"position":5},"title":"Al Ezz Dekheila Steel greenlights share buyback, EGX delisting","author":"enterpriseam admin","date":"6 August 2023","format":false,"excerpt":"The government is offloading its entire stake in Al Ezz Dekheila","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/218.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=619914"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619914\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/619893"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/619915"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=619914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=619914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=619914"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=619914"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=619914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}