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 Banking And Financial Sector in Tanzania.

-


'' Over the last two decades, the financial landscape in Sub Saharan Africa has changed enormously. Hand in hand with the various reform programs that have been adopted by many countries in Africa, the banking system across the continent has grown significantly, keeping pace with the remarkable economic growth witnessed in many African countries.
The banking system has not only increased in scale but now offers a wider range of services across a much wider geographic coverage than it did a decade ago.''

 Prof. Benno Ndulu
Governor, Bank of Tanzania (August, 2017)

 The banking system in Tanzania (which dominates the financial system) is liquid and resilient to most of the shocks. Despite some indications of progress resulting from the reforms, the system falls short of what is needed to support economic growth. This results in high-interest rates on loans, currently 12% to 20%, while the interest rates on deposits are at 2%.

 The banking sector in Tanzania has been booming, growing in assets and in profits. Because of this, new merchant banks, commercial banks, bureau de change, insurance companies, a stock exchange and related financial units, have entered the market. There are four categories of banks, oriented towards different markets and clientele operating in Tanzania: local private banks, regional banks, international banks and multinational banks. Overall, the outlook for the banking industry in Tanzania is very positive and there are appealing opportunities for newcomers to the sector.



Tanzania’s higher-than-average economic growth rate is fuelling the emergence of an educated middle class that aspires to achieve a more affluent lifestyle in which traditional depository, credit, insurance, and investment products play an important role. The expansion of this middle class is expanding national demand for financial services from established providers and could represent a new opportunity for financial services companies looking for growth.

 Currently, there is a positive trend in lending to SMEs that are producing greater confidence in their growth potential among financial institutions and, more generally, in the economy as well, which is generating a positive spiral. In addition, the government is also introducing new laws that are expected to enhance lending activities.
Location: Babati Bus Terminal, +255784829678, ssrmutalemwa@gmail.com, mkilamba@yahoo.com, @SweetbutKanana, Babati, Tanzania

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

Investment Opportunities in Oil and Gas Exploration and Production in Tanzania

-
Image
There have been several gas discoveries on the coastal shore of the Indian Ocean at Songosongo, Mnazi Bay and Mkuranga in Coast Region. These discoveries are catalysts of natural gas developments in Tanzania. Currently, there are 22 Oil Companies undertaking exploration activities for oil and gas in the country. These companies include BG Group, Statoil, Petrobas, and Ophir Energy. Tanzania is becoming a regional hub after a flurry of discoveries, it is said to be blessed with over 41.7 trillion cubic feet of gas reserves at the latest estimates. There are still numerous deep-sea blocks that are yet to be explored. Tanzania Petroleum Development Corporation (TPDC), the National Oil Company is inviting oil and gas companies and other specialized investors to participate in the exploration of hydrocarbons in Tanzania. Companies may apply for tendered out blocks for available blocks, successful companies will be invited to negotiate a Production Sharing Agreement (PSA). Cu
Read more