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Angola’s new national minimum wage of 70,000 kwanzas (USD 80) for a majority of the employed people will take effect in September 2024.At the same time, the minimum monthly wage for people in the micro enterprises and startups has been set at 50,000 kwanzas (USD 60).
Angola’s new national minimum wage of 70,000 kwanzas (USD 80) for a majority of the employed people will take effect in September 2024.At the same time, the minimum monthly wage for people in the micro enterprises and startups has been set at 50,000 kwanzas (USD 60).
The announcement is contained in a presidential decree published in the country’s official gazette on last Friday. The notice, signed by President Joao Lourenco, further said the minimum monthly wage will increase to 100,000 kwanzas (USD 115) in a year’s time, from September 2024.
The president said the increment has been occasioned by current economic conditions, which have seen a spike in the prices of basic commodities, especially food. The new increment comes three months after Angola raised the minimum monthly net salary for all civil servants to 100,000 kwanzas (USD 115).
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The Government and unions reached an agreement at the end of May on the national minimum wage and public service salary updates, which led to the call for a third phase of a general strike. In the agreement reached, the parties committed that the salary review of the entire public service will take place over three years, with effect from January 2025, with an increase of 25 percent, foreseeing negotiations on September 30th of each year to subsequent increases.
