Egypt: remittances from the diaspora up by 21.1% during 2017-2018 fiscal year
Thursday, 06 September 2018 15:01
Remittances from Egypt’s diaspora reached a record $26.5 billion during the 2017-2018 fiscal year, the country’s central bank reveals.
This represents an increase of $4.6 billion (+21.1%) compared to the volume during the previous fiscal year which stood at $21.9 billion.
These remittances are a blessing for Egypt because, as the central bank explained, they are one of the main sources of foreign currency since November 2016 when Egypt decided to float its currency.
Live News
-
Lome Container Terminal revamps customer service with one-stop model
20:41
-
Industrial Gas Demand in Douala Collapses as Prices and Supply Strain Clients
20:20
-
Douala Port Turns to PPP to Rebuild Its Regional Trade Hub at Boscam
20:07
-
Cameroon Looks to Formalize Cross-Border Trade With Digital Freight Platform
19:54
-
Cameroon Overhauls Procurement Strategy to Unlock Weigh Station Upgrades
19:49
-
Ghana, Japan Development Agency Review $11m-Saving Road Project at IMF Meetings
19:44
-
Nokia, Orange Pilot AI-Powered Radio Networks With Nvidia Support
19:38
-
Burundi Secures $100 Million BADEA Financing to Cushion Rising Import Costs
19:26
-
IMF Approves Monitoring Program to Support Zimbabwe’s Economic Stabilization
18:55
-
Togo: Fuel retailers turn to digital tools to improve customer loyalty
17:24
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Nigeria, Nestlé sign MoU for dairy training center in Abuja Center to train farmers in breeding, ...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Ghana, JICA discuss road, bridge projects at IMF-World Bank meetings Kumasi Ring Road grant secured; talks focused on implementation...
Collaboration explores AI-RAN to improve network efficiency Nvidia provides computing power for real-time optimization Initiative aims to reduce...
$100 million facility targets fuel, medicines, and fertilizers Support comes amid rising global price pressures Deal reflects Burundi’s...
Ten-month program aims to strengthen macroeconomic management No financing attached, but key step toward re-engagement Progress hinges on...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...