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

Public telephone centre. Photo by E. Diop @ Unsplash
Ethiopia eyes global outsourcing market with new $25.6mn BPO push
05/03/2026
2 hours ago
Michael Masrie
Read More »
Addis, Ababa, Ethiopia. © Unsplash
Ethiopia targets $2.4bn deals to signal frontier market reform push
04/03/2026
20 hours ago
Michael Masrie
Read More »
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Ghana inflation falls to 3.3% in February 2026
04/03/2026
22 hours ago
Joshua Worlasi Amlanu
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
6 days 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
1 week 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

People celebrating in Accra, Ghana. Photo by Jay Martin @ Unsplash
Read More »
Is Ghana’s return to bond markets enough to restore investor confidence?
Public telephone centre. Photo by E. Diop @ Unsplash
Read More »
Ethiopia eyes global outsourcing market with new $25.6mn BPO push
Taxi bus Libreville, Gabon. Photo @ Unsplash
Read More »
Gabon's BGFIBank stock sale flops as investors shun Central Africa's thin markets
Addis, Ababa, Ethiopia. © Unsplash
Read More »
Ethiopia targets $2.4bn deals to signal frontier market reform push
Public telephone centre. Photo by E. Diop @ Unsplash
Read More »
Ethiopia eyes global outsourcing market with new $25.6mn BPO push
Taxi bus Libreville, Gabon. Photo @ Unsplash
Read More »
Gabon's BGFIBank stock sale flops as investors shun Central Africa's thin markets
Addis, Ababa, Ethiopia. © Unsplash
Read More »
Ethiopia targets $2.4bn deals to signal frontier market reform push
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation falls to 3.3% in February 2026
Taxi bus Libreville, Gabon. Photo @ Unsplash
Read More »
Gabon's BGFIBank stock sale flops as investors shun Central Africa's thin markets
Addis, Ababa, Ethiopia. © Unsplash
Read More »
Ethiopia targets $2.4bn deals to signal frontier market reform push
Women hawkers on the streets of Accra, Ghana. Photo by Langford Kwabena @ Unsplash
Read More »
Ghana inflation falls to 3.3% in February 2026
Mozambique Photo: @ Unsplash
Read More »
Mozambique's economy exits recession with 4.67% growth