Less than 10% of 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.
What’s the state of sub-Saharan Africa’s pension savings?
In a recent study of retirement savings in sub-Saharan Africa (other than the Francophone countries), we established the continent’s pension funds are diverse in architecture, coverage
