WCF asset base reaches 748bn/-, disburses 100bn/- in claims
DAR ES SALAAM: THE Workers Compensation Fund (WCF) has marked a significant milestone, increasing its asset value to 748bn/- as of May 2025, up from 448bn in 2021.
Over the past decade, the Fund has disbursed 100bn/- in compensation to 19,650 beneficiaries affected by work-related injuries, illnesses, or fatalities.
This was revealed yesterday by WCF Director General, Dr John Mduma, during a press briefing in Dar es Salaam, outlining the Fund’s achievements under the sixth phase government.
Dr Mduma noted that a recent assessment by the International Labour Organisation (ILO) confirmed WCF’s financial sustainability for the next 30 years.
“Between 2021 and 2025, the government through WCF has effectively implemented its mandate in line with labor laws, delivering critical services to workers,” he said.
He added that the achievements align with Chapter 4, Article 5 of the National Development Plan and the CCM Election Manifesto, which emphasises the strengthening of social security schemes and improving workers’ living standards.
Dr Mduma revealed that 480bn/- of the Fund’s assets have been invested, with 90 per cent in government treasury bonds, while the remaining portion is allocated to other investment vehicles.
In the past ten years, WCF has registered 38,512 employers. Notably, between 2020 and 2021 alone, the number rose sharply from 2,289 to 4,136.
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“This growth reflects deliberate government reforms aimed at improving the business environment, removing bureaucratic barriers, lowering contribution rates, and introducing interest waivers,” he said.
Under President Samia’s leadership, Dr Mduma highlighted key reforms, including a uniform reduction in contribution rates from 1 per cent to 0.6 per cent of employees’ income across both public and private sectors.
Another reform includes revision of the penalty’s interest rate on delayed employer contributions from 10 per cent to 2 per cent, during the period from 2017 to 2021 as well as setting focus on attracting investment by creating more employer-friendly policies.
Dr Mduma also announced that WCF received ISO certification in June 2024, validating the quality and efficiency of its services.
The Fund has made significant strides in digital transformation, fully automating and integrating its systems to enhance service delivery. As a result, WCF was awarded second place in the 2025 eGovernment Agency (eGA) Digital Government Awards.
Due to these advancements, the ILO has recommended WCF as a model for other countries, including Kenya, Ethiopia, Malawi, and Zambia, to study and emulate.
WCF Director of Operations, Mr Anselim Peter, added that monthly compensation payouts range from a minimum of 275,702/- to a maximum of 8.4m/-n, depending on the severity of the work-related incident.
