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

Egypt’s $2.8bn surplus masks trouble. How sustainable is it?

Cairo, Egypt. Photo by Thais Cordeiro @ Pexels.
Cairo, Egypt. Photo by Thais Cordeiro @ Pexels.

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Egypt reverses payments deficit as capital inflows more than double to $23.2bn.
  • Rising imports, energy costs and creditor payments widen the current-account gap.

 

CAIRO, EGYPT – Egypt recorded a $2.8bn balance-of-payments surplus last fiscal year, but a widening current-account deficit exposed its continued dependence on foreign financing.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
29/07/2026
2 months ago
Vincent Nwanma
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
16/06/2026
3 months ago
Eric Kasongo
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
08/06/2026
4 months ago
Eric Kasongo
Read More »

Recent Politics

Fuel tanker truck navigating city roads. Photo @ Pexels
Is Nigeria’s petrol subsidy returning? Investors face uncertainty
14/10/2026
7 hours ago
Vincent Nwanma
Read More »
South Africans are planning for retirement. Photo by Thato Moiketsi @ Pexels
Are South Africans saving smarter? Debt keeps closing in
07/10/2026
1 week ago
Eric Kasongo
Read More »
Fatima Ezzahra El Mansouri, Morocco’s first woman prime minister. Photo @Fatima Ezzahra El Mansouri/Facebook
Fatima El Mansouri: Morocco’s first woman premier inherits World Cup pressures
01/10/2026
1 week ago
Kent Mensah
Read More »

Latest Posts

Latest news insights

Cairo, Egypt. Photo by Thais Cordeiro @ Pexels.
Read More »
Egypt's $2.8bn surplus masks trouble. How sustainable is it?
Luanda, Angola. Photo by Basunga Visual @Pexels
Read More »
Angola's inflation halves. Why are investors still vulnerable?
Fuel tanker truck navigating city roads. Photo @ Pexels
Read More »
Is Nigeria’s petrol subsidy returning? Investors face uncertainty
Jeremy Awori, Group CEO of Ecobank Transnational. Photo @Ecobank
Read More »
Can Ecobank turn China’s yuan payments into profit?
Luanda, Angola. Photo by Basunga Visual @Pexels
Read More »
Angola's inflation halves. Why are investors still vulnerable?
Fuel tanker truck navigating city roads. Photo @ Pexels
Read More »
Is Nigeria’s petrol subsidy returning? Investors face uncertainty
Jeremy Awori, Group CEO of Ecobank Transnational. Photo @Ecobank
Read More »
Can Ecobank turn China’s yuan payments into profit?
A gamer intensely playing a strategy game on a high-resolution monitor indoors. Photo by RDNE Stock @ Pexels
Read More »
Is Africa’s start-up winter over? $2.16bn signals rebound
Fuel tanker truck navigating city roads. Photo @ Pexels
Read More »
Is Nigeria’s petrol subsidy returning? Investors face uncertainty
Jeremy Awori, Group CEO of Ecobank Transnational. Photo @Ecobank
Read More »
Can Ecobank turn China’s yuan payments into profit?
A gamer intensely playing a strategy game on a high-resolution monitor indoors. Photo by RDNE Stock @ Pexels
Read More »
Is Africa’s start-up winter over? $2.16bn signals rebound
Mobile money instant payment in Africa. Photo by Olumide Bamgbelu @ Unsplash
Read More »
OPay’s Wall Street bid faces Nigeria’s lending reckoning