(3 Minutes Read)
The revenue comes from the mandatory motor insurance known as the COMESA Yellow Card, required for foreign vehicles entering the country to transport cargo.
The Tanzanian government has collected over 1.5bn/- in insurance fees through the COMESA Yellow Card during the final quarter of the 2024-25 financial year.
The revenue comes from the mandatory motor insurance known as the COMESA Yellow Card, required for foreign vehicles entering the country to transport cargo.
This measure aims to reduce road accidents caused by these vehicles, which often lead to damage to people and property.
National Insurance Corporation (NIC) Managing Director Kaimu Abdi Mkeyenge made the remarks during the launch of a new verification system that lets road users check the validity of COMESA Yellow Card insurance via mobile phones, including feature phones, without internet access. This initiative targets vehicles from COMESA member states and aims to streamline compensation processes in the event of accidents.
COMESA Yellow Card insurance is a regional motor vehicle insurance policy that allows vehicles registered in one COMESA member country to travel across other COMESA member states without needing to buy separate insurance in each country.
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The COMESA Yellow Card programme remains vital for promoting cross-border transport safety, protecting local communities and holding foreign motorists accountable for damages caused in Tanzania.
