ADVERTISEMENT
TechEconomy
Thursday, June 5, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Africa Pension Supervisors in Kampala to Discuss How to Extend Coverage to Working Citizens

Africa Pension Supervisors in Kampala to Discuss How to Extend Coverage to Working Citizens

Techeconomy by Techeconomy
November 28, 2023
in Insurance
0
Pension in Africa
Pension in Africa

Pension in Africa

RelatedPosts

AXA Mansard partners Lagos DSVA

AXA Mansard, Lagos DSVA Partner to Stamp Out  Violence against Girl Child

June 3, 2025

Stanbic IBTC Insurance Limited Achieves ISO/IEC 27001:2022 Recertification

June 2, 2025

Pension sector supervisors and regulators from all over Africa will on 27th – 28th November converge at Serena Hotel Kampala, to discuss ways of extending pension coverage to more citizens around the continent.

This will be the 4th Annual Conference of the African Pension Supervisors Association (APSA).

African Pension Supervisors Association
Advertisements
MTN ADS
African Pension Supervisors Association

APSA is a platform that brings together pension industry regulators and supervisors from across the continent.

The Association seeks to enhance pension supervision and regulation by providing a platform for collaboration, co-operation and exchange of information and ideas to better supervise, regulate and grow the pension sector on the continent.

Organised by the Uganda Retirement Benefits Regulatory Authority (URBRA), the 2023 APSA Conference will bring together a diverse audience of over 100 public and private sector stakeholders from Africa and beyond to discuss strategies to make pension and retirement benefits more inclusive, to alleviate old-age poverty.

Under the theme Sustainable Pension Inclusion in Africa, the conference will discuss ways of achieving sustained voluntary retirement saving by non-salaried workers with modest, intermittent incomes.

The URBRA Chief Executive Officer, Martin Anthony Nsubuga expressed optimism that the lessons from the conference would improve sector operations in Uganda as a host country.

“Uganda is honoured to host the 4th Annual APSA Conference. It will enable Ugandan Pension Sector Players to learn from the ideas and experiences of colleagues from other parts of the world. The conference will have lasting positive impact on the retirement benefits sector and the country as a whole,” Mr. Nsubuga said.

Mr. Nsubuga expressed concern that many Africans were excluded from the existing retirement benefits arrangements.

“In Uganda, just about three million people are registered with existing retirement benefits arrangements, compared to a working population of over twenty million. This situation is also reflected at the continental level where, about 600 million economically active informal sector workers across Africa are excluded from formal pension arrangements and face the prospect of living in extreme poverty for over 20 years after they are too old to work,” he said.

Some of the key factors that perpetuate the exclusion from retirement saving include: high unemployment and poverty rates among the youth; digital inequality where rapid digitization of services has left many people behind; irregular remittance of contributions by non-compliant employers; and inadequate savings which can barely cover retirement requirements like health care, decent shelter and reliable cashflow.

Women also face a high level of exclusion from retirement benefits arrangements since there are fewer women in employment compared to men.

According to Uganda Bureau of Statistics, even when formally employed, women tend to concentrate in less-paying service work and elementary occupations rather than highly-paid professional work and key positions such as CEOs and senior officials, which has implications for their retirement benefits.

“The only way to alleviate this trend of exclusion is to build inclusive mechanisms and pension systems that provide citizens with secure, accessible, affordable and well-regulated pension and retirement benefits products,” Mr. Nsubuga recommended.

In that regard, the APSA conference will be an opportunity to exchange ideas and experiences between delegates from within Africa and from countries across Asia, Latin America and Europe. Participants will include policymakers, regulators, senior government officials, private sector actors, financial inclusion stakeholders, pension sector thought leaders, senior economists among other experts.

In her remarks, the Principal Capital Markets Specialist at FSD Africa, Mary Njuguna said, “growing the pension sector will increase the pool of patient capital available for investment into assets such as infrastructure, and this will result in the growth of African economies, ensuring a better life for all our citizens.”

The 4th Annual APSA Conference is supported by FSD Africa, and PinBox Solutions, as well as Prudential Assurance Uganda and Sanlam Investments East Africa.

Loading

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: APSAURBRA
Previous Post

YouTube Introduces ‘The Voices of Africa’ to celebrate Africa’s diversity 

Next Post

Early-Stage Startup in Emerging Community? Apply for develoPPP Ventures 2023 Q4 Programme

Techeconomy

Techeconomy

Related Posts

AXA Mansard partners Lagos DSVA
Insurance

AXA Mansard, Lagos DSVA Partner to Stamp Out  Violence against Girl Child

by Destiny Eseaga
June 3, 2025
0

AXA Mansard, Nigeria’s leading insurance company and the Lagos State Domestic and Sexual Violence Agency (DSVA) has announced partnership to...

Read more
Stanbic IBTC Insurance Limited

Stanbic IBTC Insurance Limited Achieves ISO/IEC 27001:2022 Recertification

June 2, 2025
AXA Mansard appoints Adebola Surakat

AXA Mansard Investments Renews Commitment to Women Empowerment

May 3, 2025
AM Best affirms Credit Ratings of AXA Mansard Insurance

AXA Mansard Health Reiterates Commitment to Customer-first Approach

April 30, 2025
RACHEL MORÉ- OSHODI - CEO - ARM-Harith

ARM-Harith Secures £10m Funding from FSDAi to Unlock Nigerian Pension Funds

April 15, 2025
UK MOBILIST programme invests $6 million in InfraCredit | MOBILIST

UK-backed InfraCredit Lists on NASD to Raise $17.7m for Infrastructure Development

April 14, 2025
Next Post
develoPPP Ventures 2023 Q4

Early-Stage Startup in Emerging Community? Apply for develoPPP Ventures 2023 Q4 Programme

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.