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- Salary continues as an important factor that affects individuals to accept employment in many African countries
- Competitive wage across Africa is influenced by favorable economic growth and high demand for special skills
- A new report has listed Morocco, South Africa, Nigeria and others with higher salary in the top 10 countries
Legal journalist Zainab Iyeemi has a 5 -year experience with the economy, technology and capital market.
Salary has a significant role in the wishes of the people to accept employment offers. In many African countries, workers, especially those in salary positions, receive competitive compensation.
Source: Getty pictures
For many years, strong demand for special skills in various industries has improved greatly Positive economic growth. This led to a higher competitive salary demand in the regions.
The report of the nation has identified the top 10 African countries that workers earn higher income.
Morocco
Morocco’s average wage is 0 2,031. It is illustrated by a different economy of the country, which includes developing industries such as mining, tourism and textile.
Since independence in 1956, Morocco has enhanced its infrastructure and created investment friendly climate, which has increased wages in important industries.
South Africa
South Africa The second is, the average of 0 2,026 per year. The country’s strong mining and manufacturing sectors and its well -established banking sector are the main drivers of its higher pay rates.
Since the independence of 1910, South Africa has been one of the most industrialized countries on the continent, which helps to explain why incomes are relatively high.
Tunisia
Tunisia comes third with an average salary of $ 1,348. In addition to its favorable location near Europe, there are strong manufacturing, health and education in the country.
Since independence in 1956, Tunisia has become a desirable place for tourism and technology, which has become a desirable place for more qualified professionals, which has increased the wage and opened new career opportunities.
Kenya
Kenya has an average salary of 29 1,291, which is run by the fastest growing economy of the country, as well as important industries such as Findech, Telecommunication and Agriculture, as well as the increasing status of Nairobi as a technology center.
Since independence in 1963, Kenya Seeing economic growth, its competitive salary offerings.
Algeria
Algeria’s economy, often depends on gas and oil export, produces a lot CashThe average leads to 27 1,273 pay.
Algeria’s natural resources were an important factor in economic growth, as a result, in 1962, the compensation for workers in important industries from the country’s independence.
Namipia
Namibia benefits from the growing mining industry, especially diamonds and uranium, as well as its agriculture sector, which produces an average wage of $ 1,168.
The nation, which reached independence in 1990, has a standard wage system due to its low population density and wealth of natural resources.
Bodswana
Namibia benefits from the growing mining industry, especially diamonds and uranium, as well as its agriculture sector, which produces an average wage of $ 1,168.
The nation, which reached independence in 1990, has a standard wage system due to its low population density and wealth of natural resources.
Nigeria
Nigeria is the largest oil manufacturer of Africa Average pay is $ 814. Its pay system is greatly affected by the financial and telecommunications sectors.
Nigeria, which became independent in 1960, continues to pay more Work Due to its fastest expanding economy, especially for those who are qualified in technology and funds.
Ghana
Ghana continues to profit from its growing gold mining business, strong cocoa export and oil industry, an average wage of $ 748.
The country has made priority to industrialization since independence in 1957, and its growing technology sector has promised a future pay rise.
Uganda
Due to the expansion of its agricultural and service sectors, the Uganda list is the lowest average wage at 38 738.
After independence in 1962, Uganda is now focused on raising its industrial and energy sectors, which may contribute to wage increases in the next year. Nevertheless, there are still large economic gaps, which means salaries across the country may vary significantly.
Nigerian banks with the highest employee’s salary by 2024
Legitimate The analysis of the financial statements of the quoted Nigerian banks shows that from January to September 2024 11 banks spent N1.08 trillion In wages and salaries, the bank represents a 91% growth of N564.7 billion to the same period compared to the same period by 2023.
This growth comes in the midst of the massive revenue of banks in the first three quarters of 2024.
Access Holdings PLC met with a salary cost of N268 billion during the BLC review, which growth in 2023 to 140% from N111.8 billion in 2023.
James, Ojo Adagol, journalist and legal editor.
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Source: Faithful
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