Zanzibar:
ZANZIBAR President Hussein Mwinyi has asked the management of Benjamin Mkapa Foundation (BMF) to continue providing medical solutions and save lives of people in the Islands.
Equally, he urged the management to improve infrastructures and equipment as well as communication systems and human resources, so as to provide better services to the beneficiaries.
President Mwinyi said the foundation ought to do a lot in improving the institution in order to provide better services, especially by using its influence and soliciting finance to address its internal gaps.
Dr Mwinyi who is also the patron of the foundation issued the piece of advice, when he met the BMF management at the State House in Zanzibar on Wednesday.
In his speech, he promised them that the Revolutionary Government of Zanzibar will continue working with the foundation to provide quality health services in the Islands.
“I commend you for good work. Your performance has been impressive throughout the country (on the mainland and in Zanzibar),” Dr Mwinyi said.
He said that plans are underway for Zanzibar to establish health insurance that will accommodate all groups of people including those in low economic levels.
“We hope this will help some of the challenges in delivering medical care,” President Mwinyi explained to the leadership of the BMF.
The meeting with the Zanzibar President also presented awards — cash money and certificates to the best BMF employees, who performed well during their service period.
At the event, the Vice-Chairman of the BMF Board of Trustees, Ambassador Tuvako Manongi said, their board has continued to cooperate closely with various institutions and both the Union and Zanzibar government, especially development partners in ensuring that they get financial resources to enable the foundation to implement its programmes.
The Chief Executive Officer of BMF, Dr Ellen Senkoro said the foundation is on course to implement its priorities including evaluating the existing Strategic Plan; improving the performance of the foundation by using modern technologies to reduce operating costs and work professionally; increasing human resources and improving the infrastructure of buildings and medical equipment and implementing programmes to combat HIV/AIDS, tuberculosis and Covid-19.
The Benjamin William Mkapa Foundation (BMF) Established in April 2006 as a Trust and non-profit organisation draws its bold energy from the visionary leadership of its Founder, the Former President of Tanzania, late Benjamin Mkapa.
The Mkapa Foundation has reached millions of Tanzanians for a decade now and continues improving rural health services, health and well being of women, men and children including the ones living with and affected by HIV and AIDS, pregnant mothers and many others.
Source: allafrica.com
Share this news
This Year’s Most Read News Stories
Huduma Zimezorota Hospitali Ya Rufaa Mnazi Mmoja Zanzibar
Huduma katika Hospitali ya Rufaa ya Mnazi Mmoja Zanzibar zimezidi kuzorota huku wananchi wengi wakilalamikia uongozi wa Hospitali hiyo na watendaji wake.Continue Reading
East African Community Bloc Dismisses Fake Common Currency
The secretariat of the East African Community (EAC) regional bloc has dismissed a post on X, formerly Twitter, which claimed that the bloc’s member countries have launched a common regional currency.Continue Reading
Britam half-year net profit hits Sh2bn on higher investment income
Insurer and financial services provider Britam posted a 22.5 percent jump in net earnings for the half-year ended June 2024, to Sh2 billion, buoyed by increased investment income.
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.
CIC Insurance Group posted a 0.64 percent rise in net profit to Sh709.99 million in the same period as net earnings of Liberty Kenya nearly tripled to Sh632 million from Sh213 million, while Sanlam Kenya emerged from a loss to post a Sh282.2 million net profit.
