Day: May 13, 2025

Nawy, a Cairo-based property technology startup, has raised USD 75 million (EGP 3.7 billion) in a Series A funding round, including USD 52 million (EGP 2.6 billion)  in equity and USD 23 million  (EGP 1.1 billion) in debt financing from Egypt’s largest banks.  In 2019, frustrated by the challenges of…

The Central Bank of Egypt (CBE) announced that remittances from Egyptians working abroad has seen a unprecedented and historic leap one year after the reform measures implemented last year, during March 2024 to February 2025. The CBE said in a statement on Monday that “remittances from Egyptians working abroad increased…

The Central Bank of Egypt (CBE) announced on Monday that remittances from Egyptians working abroad have surged to an unprecedented level, reaching $32.6bn over the 12-month period from March 2024 to February 2025. This marks a 72.4% increase—equivalent to $13.7bn—compared to the same period a year earlier, and reflects the…