Egyptian President Abdel Fattah al-Sissi announced last March 15 his intention to increase the minimum wage for civil servants. The information was relayed by the spokesman of the Egyptian presidency, Bassam Rady, in a statement issued the same day.
The announcement follows a meeting with PM Dr. Mostafa Madbouly, and the Minister of Finance, Dr. Mohamed Maait, which saw the authorities discuss the draft budget for the next fiscal year 2021-22. According to the statement, the minimum salary for Egyptian public administration staff will increase from EGP2,000 to EGP2,400 ($153); up 20%.
The president also ordered the implementation of some provisions for workers, whether or not they are subject to the civil service law. These include the "increase in pensions by 13%" and the promotion of "employees who meet the conditions for promotion on 6/30/2021."
Regarding the proposed budget for FY2021-22, the Minister of Finance said that it "aims to reduce the total deficit to about 6.6% of GDP and achieve an initial surplus of 1.5% of GDP, while maintaining debt levels." According to him, this will maintain certain stability necessary for the recovery of the economy, especially in a context where factors such as covid-19 have shaken the Egyptian economy.
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
Zimbabwe opens new hatchery to produce 2.7M fingerlings annually Facility aims to boost local tilapia output to 14,000 tons by 2032 Aquaculture...
Green energy growth in South Africa has not boosted net job creation Most jobs are short-term; only 6,000 permanent roles created in renewables Coal...
Over 4,600 adults gained literacy skills under 2024–2025 campaign 172 new centers built; national goal is 30% illiteracy reduction Strategy supports...
Kenya plans to expand irrigated farmland to 1 million hectares by 2032 50 mega-dams, 200 medium dams planned to support water capture Goal is to...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...