Egypt
With Egypt now Africa's #1 remittance recipient, diaspora investment is the next move every government is considering
Five governments are visibly evaluating diaspora bond programs in the next 18 months. The Nigeria 2017 model remains the only fully-subscribed African issuance. The window for diaspora input is open.
Egypt overtaking Nigeria changes the remittance map. Here is what that means for senders.
North Africa is now the dominant remittance corridor. Sub-Saharan corridors operate at different price points and different infrastructure.
Angola passes Kenya. Egypt passes Nigeria. The African economic rankings are shifting under the diaspora's feet.
New IMF data shows a different continent than the one diaspora investment narratives have assumed for the last decade. The countries to send money to are not the ones we have been talking about.