Finance

Egypt’s Breadfast raises expansion fund, eyes UAE and Saudi Arabian markets

Egypt’s Breadfast raises expansion fund, eyes UAE and Saudi Arabian markets
Tuesday, 17 March 2020 14:30

Breadfast, an Egyptian company that delivers fresh breakfast products, has raised funds from a consortium of investors to finance its expansion over the next three years. The company wants to launch its activity in the cities of Dubai in the United Arab Emirates, and Jeddah and Riyad in Saudi Arabia.

This expansion project will be followed by the opening of Breadfast Now, a supermarket dedicated to the marketing of pastries and foodstuffs from Africa and the Middle East. The Egyptian start-up founded in 2017 by Mostafa Amin, Muhammed Habib, and Abdallah Nofal obtained this round of financing from investors from the United Arab Emirates, the United States and other regions of the world.

“We believe that the customer experience is undervalued in emerging markets, and our goal is to build the right infrastructure using technology to achieve the customer experience that the customer deserves,” commented Mostafa Amin, co-founder and CEO of Breadfast.

Chamberline MOKO

On the same topic
NSIA Finance becomes NSIA Capital to reflect broader investment ambitions Group aims to mobilize more capital and expand advisory and funding...
Net profit reaches CFA413.6bn ($744m), with 21.5% margin Data and broadband fuel revenue growth of 8.3% to CFA1,923bn Board proposes CFA1,933...
Total banking assets reach CFA7,586bn ($13.7bn), up 9% year on year State-owned BIIC holds nearly 25% market share with CFA1,885.86bn in...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan with support from Boston Consulting Group. BOAD exceeded...
Most Read
01

Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...

Absa Kenya Imports a Telecom Playbook in Bid to Reinvent Retail Banking
02

Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...

Safaricom launches M-Pesa platform for stock trading in Kenya
03

MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...

DRC Accuses MTN of Illegal Operations, Spotlighting Border Frequency Issues
04

Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...

After Côte d’Ivoire, Ghana Faces Cocoa Stock Build-Up as Prices Collapse
05

This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...

Weekly Health Update | Africa CDC Advances Health Sovereignty Efforts
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.