Tanzania: Tira Directed to Diversify, Increase Public Awareness

DEPUTY Minister for Finance and Planning, Dr Ashatu Kijaji has directed Tanzania Insurance Regulatory Authority (TIRA) to diversify its products and increase public awareness if is to increase the insurance sector's contribution to the national GDP.

TIRA had announced its target to improve its penetration by 3 per cent, further increasing revenue collection by fivefold from the 2018's 691.9bn/-, but the minister said the target was "too shortsighted" considering the country's population.

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