Egypt, Nov. 2 -- IFC, the private sector arm of the World Bank Group, today announced an investment of $100 million in Egypt's Banque du Caire, in its initial public offering (IPO), equivalent to an approximately 7% equity stake. IFC's participation in the IPO aims to strengthen the bank's capacity to expand financing for businesses and households across the country.Access to finance remains critical to enabling Egypt's private sector to grow, invest, and create jobs. This is particularly important for micro, small, and medium enterprises, which contribute more than one-third of Egypt's GDP and employ almost 40 percent of its workforce, yet continue to face constraints in accessing the financing they need to grow.Banque du Caire has made sm...