TIRA Shines, Wins Second Place Award for Best Financial Management – Public Institutions.



The Tanzania Insurance Regulatory Authority (TIRA) has today, September 28, 2026, been awarded second place in the category of Best Financial Management Performance – Non-Commercial Public Entities.


The award was presented to the Commissioner of Insurance, Dr. Baghayo A. Saqware, by the Vice President of the United Republic of Tanzania, Hon. Deogratius Ndejembi, during the ongoing Chairpersons of Boards and Heads of Public Institutions (CEOs Forum) at the Arusha International Conference Centre (AICC) in Arusha.


The awards were organized by the Treasury Registrar’s Office to recognize public institutions that demonstrate strong performance in various areas of public resource management and utilization.


Speaking about the Best Financial Management category, the Treasury Registrar, Mr. Nehemiah Mchechu, said the assessment considered efficiency in revenue collection and expenditure management, as well as efforts to reduce dependence among non-commercial public institutions.


He further explained that institutions that performed well in this category demonstrated improved revenue generation, stronger expenditure controls, reduced dependence on government support, and improved surplus and liquidity positions, based on audited financial statements for the 2024/2025 financial year.


TIRA – For a Safe Insurance Market.

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