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 Manufacturing Sector in Tanzania

-

The manufacturing sector is at its infancy stage with few exploited areas whereby unprocessed agricultural commodities have dominated major exports.

The manufacturing sector has shown steady growth over the years, registering 4% annual growth rate and a small contribution of 8% to the GDP. The sector employs around 140,000 workers mainly in the urban areas, making 48% of monthly paid employees. The sector contributes to the Tanzania economy through revenue collection of import and export sales, corporate tax, and income tax, contributing about 20% foreign exchange to the government, third after agriculture, and tourism.

The activities consist of manufacturing simple consumer goods like food, beverages, textiles, tobacco, wood products, rubber products, iron, steel, and fabricated metal products. This sector offers a wide range of opportunities to both potential local and foreign investors. Even though the Government puts emphasis on few manufacturing areas, which are textile, leather, and food processing, there are plenty of manufacturing area that offers attractive returns on investments.
Investors are advised to acquaint themselves with “ Sustainable Industrial Development Policy” that envisages industrialization of Tanzania during the first quarter of a 21st century to become a semi industrialized country to the tune of contributing 40% of GDP. The potential for investment in this sector is great. Major players in this industry include Tanga (Holcim), Mbeya (Lafarge), and Portland (Heidelberg) cement companies, Tanzania Breweries Ltd (SABMiller), Tanzania Cigarette Company (JTI) and Kilombero Sugar Company (Illovo), etc.

Some areas of investments involve:

• Fruit/Vegetable Processing:





Tanzania is richly endowed with a large variety of fruits and vegetables. Less than 10% of fruits and vegetables produced are processed. There is room for large scale production of a range of tropical as well as temperate fruits and vegetables.


The following are possible areas for investment: 

(1) Processing and canning factories in regions with high potential for production of fruits and vegetables
(2) Open fruit and vegetable plantations for domestic and export markets. Potential areas for horticultural crops are Arusha, Kilimanjaro, Tanga, Morogoro, Dar es Salaam, Dodoma, Iringa, Mbeya, Mwanza, and Kagera.

• Cashew nut processing:
Tanzania is Africa’s largest cashew nut grower after Nigeria and Ivory Coast, and the world’s eighth biggest producer. Tanzania exported about 198,000 tons of cashew nuts in the 2013/2042 season. However, although 88% of the crop was harvested in the country, less than 12% was processed locally. The country is actively seeking to export processed cashew nuts. The total installed cashew nut processing capacities for the large firms in Tanzania in 2014 was about 94,000 tons per season. The Cashew nut Board of Tanzania (CBT) and Cashew nut Industry Development Trust Fund (CIDF) has set aside TZS 10 billion ((US$ 6 million) to boost local processing capacity. Opportunities exist for private investors to enter partnerships and joint ventures to boost local processing of cashew nut production.






• Textile and apparel:



Tanzania is Africa’s fourth largest producer of cotton; in 2012 it produced 354,000 tons and had 1.4 million ha. of plantings. The country ranks behind Mali, Burkina Faso and Egypt as Africa’s largest grower of cotton, according to the Food and Agricultural Organization (FAO). Tanzania has more than 40 ginning companies, including S.M. Holdings Ltd., Alliance Ginneries Ltd., Birchand Oil Mill Ltd., Afrisian Ginning Ltd. and Gaki Investment Co. Tanzania’s cotton-planting season begins in October and ends in January, while harvesting takes place from June to December. Opportunities exist in establishing fully-integrated textile mills as well as plants for cotton ginning, cutting, making, and trimming.
  • Leather: 





The leather sector offers huge investment opportunities for manufacturing. Tanzania produces about 2.6 million pieces of raw hides and skins annually, whereas just 10% are processed locally and a large portion is exported in raw form. Opportunities in this area include putting up modern tanneries and leather finishing production units.


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