How to unlock the potential of micro pension schemes

The informal economy plays a critical role in Kenya, contributing significantly to economic growth and vitality. Comprising diverse workers, from market traders and artisans to small-scale entrepreneurs and gig workers, this sector represents the backbone of the country's workforce. Yet, despite its significance, individuals in the economy often find themselves excluded from traditional pension arrangements. The absence of employer-provided benefits and access to formal pension schemes leaves millions vulnerable, with little to no safety net to secure their futures when they are...