Dar es Salaam. Journalist of Mwananchi newspaper published by Mwananchi Communications Limited (MCL), Daniel Makaka has been awarded the best writing award in 2022 on the part of newspapers due to his contribution in writing news that affects the society.
The awards which have been organized by the Eangle Entertainment Company have been given tonight, Monday December 26, 2022, involving some journalists from the Sengerema District and various other people.
Makaka has been given the award due to the information he wrote which helped a student who was married to a teacher and was unable to continue with fifth form studies.
Makaka wrote the news that gave him victory in 2018 and continued to follow it, where after the news, the teacher who married the student in 2016-18, was arrested and later the student managed to join the fifth form.
However, after the student graduated from the sixth form, he passed and is now continuing his studies at Saint Augustine University (SAUT) Mwanza.
Speaking to Mwananchi after receiving the award, Makaka said that the award has given him the motivation to work hard.
“I am happy to receive this award, it will give me more motivation to work hard, although at the time when I brought up the saga, there were those who hated me, but since I saw that it was news that affects the community, I decided to continue with it” said Makaka and added
“As a writer, I will continue to write news that raises the challenges of the people so that they can find solutions to those challenges”
The director of the Eagle Entertainment Company, which is the organizer of the awards, Hasani Kuku has said that they are giving the awards to encourage the work of journalists to raise issues concerning society.
The awards have also been given to various people including Sengerema Member of Parliament Hamis Tabasamu, who received an honorary award along with the Head of Sengerema district, Senyi Ngaga who also received an honorary award due to their contribution in managing well the collection of income and development projects.
Others who got the awards are the best artists where the artist Lidia Juwakali who got two awards, MC Wilimu Buhilwa emerged as the winner.
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The rise in half-year net profit from Sh1.64 billion posted in a similar period last year came on the back of net investment income rising 2.5 times to Sh13.27 billion from Sh5.3 billion.
“We are confident in the growth and performance trend that Britam has achieved, supported by its subsidiaries in Kenya and the region. Our business is expanding its revenue base while effectively managing costs,” Britam Chief Executive Officer Tom Gitogo said.
“Our customer-centric approach is fueling growth in our customer base and product uptake, particularly through micro-insurance, partnerships, and digital channels.”
The investment income growth was fueled by interest and dividend income rising 34 percent to Sh9.1 billion, which the insurer attributed to growth in revenue and the gains from the realignment of the group’s investment portfolio.
Britam also booked a Sh3.79 billion gain on financial assets at a fair value, compared with a Sh1.8 billion loss posted in a similar period last year.
The increased investment income helped offset the 12.7 percent decline in net insurance service result to Sh2.13 billion in the wake of claims paid out rising at a faster pace than that of premiums received.
Britam said insurance revenue, which is money from written premiums, increased to Sh17.8 billion from Sh16.6 billion, primarily driven by growth in the Kenya insurance business and regional general insurance businesses, which contributed 30 percent of the revenue.
The group has a presence in seven countries in Africa namely Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.
Britam’s insurance service expense hit Sh13.6 billion from Sh11.3 billion, while net insurance finance expenses rose 2.6 times to Sh12.3 billion during the same period.
“Net insurance finance expenses increased mainly due to growth in interest cost for the deposit administration business driven by better investment performance. This has also been impacted by a decline in the yield curve, which has led to an increase in the insurance contract liabilities. The increase has been offset by a matching increase in fair value gain on assets,” said Britam.
Britam’s growth in profit is in line with that of other Nairobi Securities Exchange-listed insurers, which have seen a rise in profits.
Jubilee Holdings net profit in the six months increased by 22.7 percent to Sh2.5 billion on increased income from insurance, helping the insurer maintain Sh2 per share interim dividend.
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The bank’s Head of Marketing and Communications Stanley Kafu unveiled this when introducing Exim Bima Festival 2024 as a platform for bringing together individuals, organisations and various sectors for raising the funds.
“Exim’s initiative aligns with the government’s broader goals to ensure that every citizen has access to quality healthcare, including mental health services,” he said.
The initiative, which is one of the events for celebrating the bank’s 27th anniversary is scheduled for Wednesday this week in Dar es Salaam.
Mr Kafu highlights that this year’s festival is not only about raising awareness of the importance of insurance in the society but also focuses on enhancing access to mental health services and improving the overall well-being of the nation.
Statistics from the Ministry of Health shows a staggering 82 per cent increase in mental health cases over the past decade.
Mental cases have risen from 386,358 in 2012 to 2,102,726 in 2021, making the need for mental health services more urgent than ever.
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The most affected group is the youth aged 15 to 39, who represent the nation’s workforce, underscoring the need for intensified efforts to safeguard this generation for Tanzania’s future well-being and development.
Mr Kafu said by improving mental health services, Exim aims to contribute to the creation of a network of communities that can access care quickly and affordably.
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“Let’s continue this unity for the development of all Tanzanians and our nation as a whole,” the manager said.
Source: allafrica.com
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