The European Bank for Reconstruction and Development (EBRD) has announced a new equity investment of up to $10 million to support the expansion of Breadfast, one of Egypt’s leading online grocery and quick-commerce platforms.
According to an official statement released on Tuesday, the investment aims to accelerate Breadfast’s growth, strengthen its competitive position in Egypt’s rapidly expanding digital retail market, and enhance its operational and financial resilience.
The funding will support the company’s nationwide expansion, increase its operational capacity, and provide greater financial flexibility to sustain long-term growth in a highly competitive sector.
The EBRD stated that Egypt has been a founding member of the bank since 2012. Over the past decade, the bank has invested more than €14.2 billion across 221 projects in the country.
These investments span a wide range of sectors, including financial services, agribusiness, manufacturing, infrastructure, transport, and digital innovation, reflecting the bank’s long-term commitment to supporting Egypt’s economic development.
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