Newly crowned world’s best teacher – Peter Tabichi – has four tough conditions that he must meet to receive his mindboggling cash prize of Ksh100 million ($ 1 million).
Firstly, the 2019 Global Teacher Prize winner will not receive the money in a lump sum but rather in installments over a period of 10 years.
The 36-year-old teacher will receive the prize money, paid out by the Varkey Foundation, in Ksh.10 million ($100,000) annual installments until 2029.
Peter Tabichi could also be subjected to a 15 percent tax by the Kenyan government in accordance with the Finance Bill 2018 that applies to all types of winnings including lotteries, betting and prize competitions. This, however, is yet to be verified.
Another strict condition requires Peter Tabichi to attend financial counseling sessions provided free-of-charge by the Varkey Foundation.
The Mathematics and Physics teacher at Keriko Mixed Day Secondary School in Nakuru County must also continue to teach or provide educational support for a period of five years to learners between the ages of 5 and 18 in a school setting unless he retires.
Additionally, the world’s best teacher is required to serve as Global Ambassador for Varkey Foundation for the next five years.
“Serving as Global Ambassador for VF shall include but not be limited to attending events, speaking to the media, undertaking training and other commitments outside of working hours, on weekends and/or on holidays. VF will pay for and arrange all travel and accommodation,” says Varkey Foundation.
Varkey Foundation is a family organization established to improve standards of education and raise the status and capacity of teachers throughout the world.
Peter Tabichi becomes the first African and male teacher to win the global award. He emerged winner out of 10 finalists and 10,000 applicants from across the world.