President William Ruto has proposed a review of our social security infrastructure which he says, as currently set up, doesn’t meet the future needs of Kenyans.
Informal Sector Must Also Save Towards Retirement
January 13, 2021
In Zimbabwe, the informal sector has become a means through which citizens pursue sustainable livelihoods.
The informal sector is pervasive and plays an important role for the growth of the economy. However, the informal sector does not have a retirement funding option. This funding is a critical social security issue in Zimbabwe.
For informal sector employees saving for a distant and uncertain retirement often competes with the pressures and demands of day-to-day survival, which are perceived as more imminent than an uncertain future.
The rapid growth of the informal sector relative to the formal sector is evident in the country.