Qakare Ibi was an ancient Egyptian pharaoh during the early First Intermediate Period and the 14th ruler of the Eighth Dynasty. As such Qakare Ibi's seat of power was Memphis and he probably did not hold power over all of Egypt. Qakare Ibi is one of the best attested pharaohs of the Eighth Dynasty due to the discovery of his small pyramid in South Saqqara.

The First Intermediate Period, described as a 'dark period' in ancient Egyptian history, spanned approximately 125 years, c. 2181–2055 BC, after the end of the Old Kingdom. It comprises the Seventh, Eighth, Ninth, Tenth, and part of the Eleventh Dynasties. The concept of a "First Intermediate Period" was coined in 1926 by Egyptologists Georg Steindorff and Henri Frankfort.