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.
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Gas-fired plants and renewables anchor Mauritania’s electricity expansion plan New thermal, solar...
Tourist arrivals to Africa rose 8% in 2025, the highest global increase. The continent welcomed 81 million international tourists during the...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border transfers and multiple financial services. The...
Algeria and Italy signed university partnerships to strengthen research, entrepreneurship, and academic mobility between the two countries. The...
TVS Motors is in discussions to build its first African motorcycle and tricycle manufacturing plant in Egypt, according to the Egyptian Investment...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...