About 300 teachers leave Zimbabwe every month About 300 teachers leave Zimbabwe every month

About 300 teachers leave Zimbabwe every month

About 300 teachers leave Zimbabwe every month

Zimbabwe is losing around 300 teachers a month according to their largest union.

According to Sifiso Ndlovu, the director general of the Zimbabwe Teachers' Association, the exodus of teaching staff is due to salary scales.

On average, a teacher earns $350 per month, a salary well below those of their southern African neighbors.

Students find themselves deprived of competent teachers who leave their country in search of a better life and while the economy is strangled by high inflation.

This exodus does not only concern professors, more and more doctors are offering their services abroad.

In the United Kingdom, for example, between 2020 and last June, visas were issued to 20,252 Zimbabweans working in the health field.

The Zimbabwe Bankers' Association, which represents the country's 19 lenders, estimates that between 2% and 4% of the industry's workforce emigrates each year.

In South Africa, data made public this week reveals that more than a million Zimbabweans reside legally in the territory compared to nearly 672,000 in 2011.

Nigeria: Tinubu announces $34 billion budget for 2024

Nigeria plans to spend $34 billion for the 2024 budget and will base its spending on an oil price of $73.96 at an exchange rate of 700 naira to the dollar, its budget minister said on Monday.

Nigeria's federal government plans to spend $34 billion in 2024 as President Bola Tinubu attempts to revive the country's economy.

The Federal Executive Council on Monday approved the budget for the year 2024, which is almost a fifth higher in naira than the 2023 budget.

Speaking to the local press on Monday, Atiku Bagudu, the Nigerien Minister of Budget and National Planning indicated that this envelope should allow growth of 3.7% in 2024, a figure higher than the 2.9% forecast by the International Monetary Fund.

Also under the 2024 spending plan, Nigeria has set a target of producing 1.7 million barrels of oil per day, representing a 31% increase from current production levels

As announced by the budget minister, the government will set aside $10.8 billion to service the debt.

As for inflation, which is currently at 27.7%, its highest level in 20 years, it should moderate to 21% next year, said the Nigerien Minister of Budget and National Planning.

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