Kenya 🇰🇪 Teachers Are The Most Well Paid In East Africa

-
Image
ANALYSIS By Dorris Otieno Kenyan teachers are not only the best paid in East Africa, but also earn almost 12 times more than the country's average pay, a comparative study by Nation Newsplex and the Institute of Economic Affairs reveals. Even as teachers go on strike for the 12th time since their first industrial action in 1962, the analysis, which compares teachers' salaries in Kenya with those of their peers in select African countries , also finds that the lowest-paid teacher in Kenya earns more than the highest-paid teacher in Uganda. Uganda and South Africa were chosen as countries against which to compare wages of teachers because they have the most up-to-date data against which the comparison could be made. While Tanzania was not included in the comparison because only average pay for the year 2011 was available, even its figures indicated that Kenyan teachers earn more than their Tanzanian counterparts. The highest paid Kenyan teacher earns almost 12 times more than the
Post a Comment

Investment Opportunities Available in Insurance Sector in Tanzania

-


Both present and future market environment offer enormous opportunities for growth of the insurance industry. Data obtained from the Tanzania Insurance Regulatory Authority (TIRA) indicated that insurance market size (with respect to premiums) reached TZS 554.4 billion in 2014, increasing by 17.0% from TZS 474.1 billion in 2013, and the TIRA estimates that the Tanzania insurance sector should have grown by 18.0% in 2014 reaching approximately TZS 559.4 billion. Tanzania insurance penetration (premiums as a percentage of GDP) remained at 0.7% in 2014 as recorded in 2013. The Tanzania insurance premium per capita (insurance density) grew by 13.9% to TZS 12,052 in 2014 from TZS 10,582 in 2013. General insurance business showed a growth of 18.0% in gross premium income from TZS 417.7 billion during 2013 to TZS 494.0 billion during the year under review. Meanwhile, life assurance business volume increased by 7.1% from TZS 56.4 billion during 2013 to TZS 60.4 billion in 2014. The growing demand was due to several factors, such as regained public confidence in insurance services, and government’s efforts to create wealth. 

The regulatory environment creates a great opportunity for success in the industry, for example, section 111 of insurance act of 1996 and insurance regulation 33 that requires all insurances for locally based risks must be placed within Tanzanian insurers in order to boost the market. An increasing number of individuals and institutions who need insurance services is a clear indicator of the potential insurance market. Currently, there is a huge population of individuals, groups, and institutions, which is not covered by any insurance plan. This untapped segment may offer a significant potential market if appropriate strategies are carried out to reach them. The insurance sector in Tanzania offers plenty of assurance, reinsurance, and reassurance, business opportunities. To be specific, some areas of investment available in the business of providing insurance services include:

• Accident
• Sickness
• Land vehicles
• Railway rolling
• Aircraft
• Ships
• Goods in transit
• Fire and natural forces
• Damage of property
• Motor vehicle liability
• Aircraft liability
• Liability for ships
• General liability
• Credit
• Suretyship
• Miscellaneous
• Legal expenses
• Assistance
• Life insurance
• Pension and
• Permanent health.

Comments

Post a Comment

Popular posts from this blog

LinkedIn: A Social Networking Site for Business People and Professionals To Connect

-
Image
  When most people talk about “Social Media,” they only concentrate on Facebook, Instagram and Twitter. While these are the biggest social media sites, they are certainly not the only ones doing well. LinkedIn has managed to gather approximately 500 million users and is now one of the most influential social media networks on the internet.  You have probably received an invitation to LinkedIn from a friend or peer over the past few years. Did you accept? Do you even have a LinkedIn account? If not, you are missing out on a huge networking opportunity. Many local businesses ignore this platform simply because they don’t understand how powerful it can be for exposing and growing their businesses.   LinkedIn is the most popular social networking sites when it comes to online “business networking”. It is a platform that allows business people and professionals all over the world, regardless of their industry, to connect with other professionals.  It is a great environment
Read more

Investment Opportunities in Integrated Waste Management in Tanzania

-
Image
The avenue of providing solutions for solid waste management in the country presents enormous opportunities, especially in Dar es Salaam and other major cities like Mwanza Tanga, Mbeya, Dodoma, and Arusha. Dar es Salaam city produces a substantial amount of metric tons of solid waste per day. Management of this waste through recycling will reduce environmental pollution and offer employment opportunities through commercial ventures. Investors are highly welcome to invest in solid waste management. Recycling of waste can be undertaken through various forms, such as Public Private Partnerships (PPPs) or a private sector initiative, and may be extended to other cities and towns in the country. Specific areas of investment interests include: • Waste disaggregation • Sanitary landfills • Recycling • Sewerage systems maintenance • Cleaning of the polluted rivers and other areas • Modern waste management equipment, such as self-loading trucks, mixers, sorters etc. • Establishment and m
Read more

The Tanzania Government Invites You To Discover Some Compelling Reasons To Invest.

-
Image
AGRICULTURE AND LIVESTOCK   Current agriculture accounts for 50% of Tanzanians GDP and about 80% of the entire workforce. The governments aim is to encourage commercialization of agriculture procedures in this respect. There are 29 million hectares of irrigable farmland available of which only 280,000 hectares are currently, farmed, we plan to address that position. Planting additional cereal crops, coffee, cotton, sugar cane, sunflower seed and rice, are all farming options. The government has farms, set aside, ready for occupation. Fruit grows well in the rich soil and juice extraction processes as well as packaging companies are encouraged to set up businesses here. The Southern Agriculture Growth Corridor, SAGOT, is one of four zones that have blue prints for investment incentives. A market opportunity exists for commercial horticultur
Read more