IFC has invested EP 1.2 bn in Egypt’s e-commerce infrastructure, supporting state’s digital transformation

IFC has invested EGP 1.2 bn in Egypt’s e-commerce infrastructure, supporting state’s digital transformation: The International Finance Corporation (IFC) has invested some EGP 1.2 bn in upgrading Egypt’s e-commerce infrastructure and to support the state’s digitization drive, said IFC Country Manager for Egypt Walid Labadi, Al Mal reports. Labadi did break down the individual investments, but Labadi noted e-payments platforms such as Fawry have benefited from financing or investment from the IFC.