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Sunday, 12 February 2023

Gov’t to hire 30k new teachers in bid to end shortage + telcos can market micro ins. policies

EDUCATION-

Teacher hiring drive: The Education Ministry is looking to hire 30k primary school assistant teachers for the first, second and third grades to start in the 2023-2024 academic year, according to a Central Agency for Organization and Administration statement. Applicants must be under the age of 40 and hold an education degree to apply. There is an EGP 24 fee to submit an application, which can be done online here.

REMEMBER- This fiscal year’s budget set aside EGP 1.8 bn to hire 30k teachers, kicking off a plan to onboard the same number of new teachers every year for the next five years. Former education minister Tarek Shawki put the teacher shortage in public schools at some 250k staff back in 2021.

FINANCIAL SERVICES-

Telecom companies and online stores will be allowed to market micro ins. policies online after receiving regulatory approval, the Financial Regulatory Authority said (pdf) over the weekend. Ins. companies will now be given the greenlight by the market regulator to contract with online stores to allow dealers to take out product liability ins. The statement said telecom companies will be allowed to market and circulate micro ins. policies online.

REAL ESTATE-

More real estate registry offices: The government has opened 12 new real estate registry offices across the country in branches of Etisalat Egypt, Telecom Egypt, and Orange, and another four offices in Alexandria alone, according to a Justice Ministry statement. It also opened eight real estate notary offices in new cities across the country.

REMEMBER- Amendments to the Real Estate Registry Act were signed into law at the start of the year. They streamline the real estate registration process by reducing paperwork, digitizing some of the procedures, and putting a time ceiling on the entire process.

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