Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Egypt remittances hit record $36.5bn on currency reforms

Cairo, Egypt. Photo by Spencer Davis @ Unsplash
Cairo, Egypt. Photo by Spencer Davis @ Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Remittances surged 66% in 2024/25 to historic $36.5 billion
  • Currency float and IMF-backed reforms boosted FX inflows
CAIRO, EGYPT – Remittances from Egyptians abroad soared to an unprecedented $36.5 billion in the 2024/25 fiscal year, the Central Bank of Egypt said, underscoring renewed confidence in the economy after sweeping currency reforms.
Sign Up To Our Free Newsletter

Recent Business

Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Senegal tax revenue surge raises concerns over pressure on formal economy
06/03/2026
18 hours ago
Alhousseiny Djigo
Read More »
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
West Africa central bank cuts rates again as deflation opens rare policy window
06/03/2026
20 hours ago
Brandon Orion Mensah
Read More »
Houmt Souk, Tunisia. Photo by Ondrej Bocek @ Unsplash
Tunisia inflation hits 5% as food prices surge
06/03/2026
21 hours ago
Justice Nwafor
Read More »
Custom Research

Recent Politics

Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
26/02/2026
1 week ago
Wanderi Kamau
Read More »
A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
20/02/2026
2 weeks ago
Wanderi Kamau
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
18/02/2026
2 weeks ago
Dulue Mbachu
Read More »

Latest Posts

Latest news insights

Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Read More »
Senegal tax revenue surge raises concerns over pressure on formal economy
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Read More »
West Africa central bank cuts rates again as deflation opens rare policy window
Houmt Souk, Tunisia. Photo by Ondrej Bocek @ Unsplash
Read More »
Tunisia inflation hits 5% as food prices surge
Ethio telecom chief executive Frehiwot Tamiru and Ericsson chief executive Börje Ekholm signing the agreement.
Read More »
Ethio Telecom–Ericsson deal to expand Ethiopia’s 4G and 5G network
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Read More »
West Africa central bank cuts rates again as deflation opens rare policy window
Houmt Souk, Tunisia. Photo by Ondrej Bocek @ Unsplash
Read More »
Tunisia inflation hits 5% as food prices surge
Ethio telecom chief executive Frehiwot Tamiru and Ericsson chief executive Börje Ekholm signing the agreement.
Read More »
Ethio Telecom–Ericsson deal to expand Ethiopia’s 4G and 5G network
Street scene of a man waiting in line at a money transfer shop. Photo by Alistair MacRobert @ Unsplash
Read More »
Western Union, Sasai launch mobile remittance app in South Africa
Houmt Souk, Tunisia. Photo by Ondrej Bocek @ Unsplash
Read More »
Tunisia inflation hits 5% as food prices surge
Ethio telecom chief executive Frehiwot Tamiru and Ericsson chief executive Börje Ekholm signing the agreement.
Read More »
Ethio Telecom–Ericsson deal to expand Ethiopia’s 4G and 5G network
Street scene of a man waiting in line at a money transfer shop. Photo by Alistair MacRobert @ Unsplash
Read More »
Western Union, Sasai launch mobile remittance app in South Africa
don-jackson-wyatt-sbhubyl7lWI-unsplash
Read More »
Middle East war threatens oil supply and remittances in East Africa