Egypt Tops Africa in Diaspora Remittances with $28.3 Billion in 2022

Egypt was the top recipient of diaspora remittances in Africa in 2022 with $28.3 billion.

Nigeria received the second most remittances at $20.1 billion.

Remittance flows to Sub-Saharan Africa reached $53 billion in 2022, up 6.1% from 2021.

The top 10 African recipients accounted for over $80 billion in remittances.

Remittances are projected to continue growing over the next few years as an important financing source.