Egypt: IFC Weighs $13m Equity Investment in Egypt’s Breadfast

International Finance Corporation is considering an equity investment of up to $13 million in Breadfast, as the Egyptian online grocery and quick-commerce company seeks to expand beyond major cities and upgrade its technology.

The proposed investment, disclosed by IFC, is subject to environmental and social reviews and internal approvals. The funds would support Breadfast’s expansion into secondary cities across Egypt and further development of its proprietary technology stack.

Founded in 2017 by…