Minimum pensions will rise to EGP 1,220 per month by July 2021, after which they will rise 10% annually, Social Solidarity Minister Ghada Wali tells Al Mal. The minimum was set last year at EGP 400 per month, with a 25% annual increase for the first five years and a 10% increase for every year after that.
More from Enterprise
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…