Ethiopia: Financial Employees Finally Get Pay Raise

Those with fixed salaries have been hit the hardest by the double-digit inflation. One group, those working in state financial intuitions, has finally had its pleas for an increment heard. Still others at development agencies are not so lucky yet.

The belated salary adjustment for employees of state financial institutions has finally arrived. The Public Financial Enterprises Agency (PFEA) approved a 30-50pc salary increase for these institutions it supervises.

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