EA countries race to form inclusive, affordable pension schemes for informal sector
A new pension sector survey by global investment firm RisCura shows that Rwanda, Uganda and Kenya are among African countries racing to create affordable and all-inclusive old-age saving schemes for the informal sector workforce. PHOTO | FILE
East African Community partner states are in the process of creating micro-pension schemes for employees in the informal sector to address the low pension coverage in the region, estimated at less than 10 percent.
A new pension sector survey by global investment firm RisCura shows that Rwanda, Uganda and Kenya are among African countries racing to create affordable and all-inclusive old-age saving schemes for the informal sector workforce. Other countries are Nigeria, Ghana and South Africa.
