Tag: informal sector
In December 2018, the Rwandan government launched Ejo Heza, a pension scheme intended to improve the welfare of, especially, workers in the informal sector. How is the scheme getting on 2 years after inception? Dan Rwiyamirira from the Rwanda Social Security Board explains joins CNBC Africa for more.
With Small and Medium-sized Enterprises (SMEs) and the informal sector making up a vast majority of the businesses and job opportunities in sub-Saharan Africa, ensuring their survival is crucial to the continent’s economic recovery and growth post Covid-19. CNBC Africa spoke to Wangechi Muriuki, Country Manager of Invest In Africa Kenya to learn more about what’s being done to provide this necessary support.
The World Bank estimates that 95 per cent of Kenya’s businesses and entrepreneurs operate within the informal sector. Now as the country grapples with the COVID-19 pandemic, the sector is vulnerable and Enterprise Finance and Innovations Specialist, Duncan Oyaro shared his thoughts on how it can be protected.
Nigeria launched the micro pension plan late last month as the government aims to extend pension services to the informal sector. Niyi Falade, CEO of Crusader Sterling Pensions joins CNBC Africa to discuss the prospect of Nigeria’s micro-pension scheme.