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

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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
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Investment Opportunities Available in Banking And Financial Sector in Tanzania.

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'' 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

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