inflows
The official cited a remarkable and steady increase in foreign investments thanks to boosted investor confidence in the country's economy.
“Egypt remained the largest FDI recipient in Africa in 2018, although inflows decreased by 8 percent to $6.8 billion,” UNCTAD stated in a report.
A wrap-up of the most prominent business news of the day.
The central bank announced earlier that Egypt’s foreign reserves had increased by $100 million by the end of March 2018.
Sudan has for the first time in 20 years begun receiving foreign currency inflows,after the U.S. government lifted decades-old trade sanctions on the country.
