WATCH: The state of sub-saharan africa’s pension savings [VIDEO]

NEWS IN A MINUTE: Listen or watch the full versions of the ”91% of sub-Saharan African workers don’t save for future” article in a minute.

Less than 10% of the workers in sub-Saharan Africa save for old age, the lowest rate for any region in the world. That implies most of the breadwinners today won’t be able to afford basic items after retirement. A pension plan is meant to commit employers to make regular savings so that employees will continue to earn after retirement. The Conversation Africa asked Owen Nyang’oro, a financial economist, about Africa’s pensions and why they need to be fixed. In a recent study of retirement savings in sub-Saharan Africa (other than the francophone countries), we established that the continent’s pension funds are diverse in architecture, coverage and performance. But they mostly lag in reforms compared to other regions.

CLICK HERE TO READ FULL ARTICLE: 91% of sub-Saharan African workers don’t save for future

NEWS IN A MINUTE ON: THE STATE OF SUB-SAHARAN AFRICA’S PENSION SAVINGS

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