Wednesday, 1 June 2016

Zanzibar's pioneering pension scheme.....



Tanzania’s semi-autonomous archipelago of Zanzibar has introduced a pension scheme for all citizens aged 70 and over.

It is the first fully funded state pension in East Africa.

Each pensioner will be entitled to 20,000 Tanzanian shillings ($9, £6) a month.

Campaigners have welcomed the move and say it will lead to a huge improvement, not just in the lives of the elderly - considered to be among the poorest in society - but for the rest of the country as well.

Source:

BBC Africa.

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