Edita signs EGP 150m loan with Crédit Agricole to finance new bakery line

Alyaa Stohy
1 Min Read

Edita Food Industries has signed a 7-year loan agreement of EGP 150m with Crédit Agricole Egypt, to finance its new bakery line which is set to be operational by the first quarter (Q1) of 2022.

Edita announced earlier that it would direct its 2021 capital expenditure (Capex) of around EGP 400m to finance its expansion and industrial operations.

The company is expecting to increase its market share, specifically in the bakery and wafer segments, with further capacity expansions and new innovations and products in the pipeline.

Edita expects to reap the fruits of the recent investments in logistics, marketing, and new lines in 2021 and 2022.

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