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.
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Nigerian Breweries begins pilot barley cultivation to cut imports Ethiopia leads Africa barley output; Morocco, Algeria major producers Nigeria aims...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbreak, while Madagascar is reporting rising case counts....
Ethio Telecomis exploring financing support from Italy’s development bank Cassa Depositi e Prestiti (CDP) for digital infrastructure projects. The...
Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver. The transaction values the block...
Actress Wunmi Mosakuand director Kaouther Ben Haniarepresent Africa among contenders at the 2026 Oscars. Mosaku received a nomination for Best...
With much of Africa’s cultural heritage still held outside the continent and restitutions in Europe moving slowly, a South African video game imagines...