News (1)

View all >

The government has backed off its plans to privatize the National Insurance Corporation

The government has backed off its plans to privatize the National Insurance Corporation (NIC) after workers began moving to short-term contracts. “Deputy Permanent Secretary in the Ministry of Finance and Planning, Ms. Suzana Mkapa, noted here yesterday that instead of privatizing NIC, the government will carry out major reforms for NIC to run its operations profitably. ‘The government is determined to revive its National Insurance Corporation to competitively run its activities,’ said the Deputy Permanent Secretary while opening NIC workers council meeting. Ms. Mkapa informed the NIC workers council that the government will thus extend their work contracts to a period of three months beginning November after three years work contracts had expired last month.” Mkapa urged workers to “remain tolerant.”

Source: allAfrica.com

Cookie preferences

Like many other websites, we use Google Analytics to collect anonymous information about the surfing behavior of our users.