Africa Archives - Page 3 of 15 - Pension Policy International

06OctOctober 6, 2022

Pension funds in sub-Saharan Africa

By Owen Nyang`oro & Githinji Njenga The population structure the world over is going through a demographic shift, and the elderly proportion is projected to increase with population growth. This change is a matter of concern for sub-Saharan African (SSA) countries, where the majority of the people are young and the rates of both population growth and unemployment are high. A good pension system provides elderly assistance and is a source of savings for long-term investment. The pension systems in...

October 6, 2022

Articles, Pension Management, Savings2022, Africa, Labor Market, Social Protection

20SepSeptember 20, 2022

African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment

The Economic Commission for Africa (ECA) and Standard Bank Group, with the support of the Arab Bank for Economic Development in Africa (BADEA), the Motor Industry Retirement Funds (MIRF) and Copartes Pension Fund and the African Union Commission (AUC), have announced the African Women Impact Fund (AWIF) Initiative's achievement of its first commitment of USD$60 million. The announcement was made at the inaugural The Global Africa Business Initiative, held from 18 – 19 September during the week of the United...

September 20, 2022

NewsAfrica, Equality, Gender Gap, Pension Management

12AugAugust 12, 2022

Social Protection for the Informal Economy. Operational Lessons for Developing Countries in Africa and Beyond

By Melis Guven, Himanshi Jain, & Clement Joubert The informal economy in Africa is large and diverse, and it is the main source of employment in the region. It is projected to grow and create more jobs. The informal economy is well established in the region, but it also faces a host of development challenges. It is characterized by low human capital and productivity compared with the formal economy and is typically associated with limited access to resources such as electricity, finance,...

August 12, 2022

Books, Labor Market, System Sustainability2021, Africa, nformal Sector, Public Policy, Social Protection

10AugAugust 10, 2022

These 7 African countries have recorded highest pension fund asset growth

A recent report by the Organisation for Economic Co-operation and Development (OECD) has shown that global pension fund assets grew by over 10% to $38.5 trillion in 2021. The report focused specifically on pension fund assets in 68 countries or reporting jurisdictions, consisting of 38 OECD countries and 30 non-OECD countries in Eastern Europe, Asia and Africa. The report said in parts: "Overall, pension fund assets amounted to USD 38.5 trillion in a total of 68 reporting jurisdictions at end-2021. Most...

August 10, 2022

News2022, Africa, Pension Management, System Characterization

03AugAugust 3, 2022

Africa’s Largest Asset Manager PIC Leads Pension Funds Investing in Continent’s Infrastructure via AFC

In a significant milestone for African pension capital being deployed for domestic infrastructure and industrial development, the Public Investment Corporation (PIC), Africa’s largest asset manager, with over US$150 billion in assets under management, plans an inaugural investment in the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider. Read also Kenya. Risk-averse pension schemes bag higher returns PIC has given formal notification to make a US$100 million equity investment in the AFC. The approved investment from the South African pension...

August 3, 2022

News2022, Africa, Investment

19JulJuly 19, 2022

Africa Pension Supervisors Sign Agreement With FSD Africa

The forum brought together pension supervisors from different African countries to deliver a harmonized approach for interventions and reforms in the pensions sector across the continent. The theme of the conference was “Resilience and sustainability of the pension sector amid the crisis- The case of covid 19 pandemic”. Pension supervisors in Africa, relevant stakeholders, experts and partners in the pension industry shared experiences, discussed opportunities, challenges faced by the pension industry and new developments in the industry. The challenges include lower investment...

July 19, 2022

News2022, Africa, supervision

15JulJuly 15, 2022

Rising life expectancy in Africa triggers urgent need for pension penetration

Governor John Rwangombwa of the Central Bank has said that the improved life expectancy in Africa is a positive factor on its own but it rings an urgent call to increase pension penetration on the continent. He was speaking during the 3rd Africa Pension Supervisor Forum that started on Thursday July 14. Started in 2019, the forum offers a platform where pension regulators share ideas, information, and reform issues that are challenging the sector across Africa. Discussions include performance of the pension...

July 15, 2022

News2022, Africa, Aging, Coverage

04JulJuly 4, 2022

Africa insurers urged to focus more on climate change

Africa’s insurance industry has been challenged to play a proactive role in addressing the climate change agenda. Speaking at the Africa Insurance Organization Annual Conference, General Assembly in Nairobi, director School of Pension and Retirement Studies Edward Odundo, underscored the need for climate change provisions in Environmental, Social and Governance, ESG, risk assessment. "The risks posed by the rising global temperatures cut across all sectors including the insurance industry,"Odundo said. He added that the increasing frequency and intensity of disasters relating to...

July 4, 2022

News2022, Africa, Climate crisis, Pension Management

03JunJune 3, 2022

Pension funds lead the way on ESG in Africa

Discussion on attracting much-needed investment into Africa has generally focused on non-African sources: foreign firms, multilateral financial institutions and non-African institutional investors. Yet far greater attention is now being paid to investment funds based within the continent itself. As African pension and social security funds grow in size, they have the potential to support more African companies and projects. They can ensure that they maximise the benefits of this investment by building environmental, social and governance (ESG) principles into their...

June 3, 2022

News2022, Africa, ESG, Investment

07AprApril 7, 2022

Strategic partnerships and ICT solutions in extending social security coverage in Africa

By ISSA Through strategic partnerships and modern information and communications (ICT) solutions, member institutions of the International Social Security Association (ISSA) are strengthening the scope, extent, and adequacy of social security coverage. Across Africa, the quasi totality of countries has social security schemes and/or programmes theoretically covering most of the population. The policy discourse on extending social security coverage during the last decades culminates in the enactment of new legislation to expand the scope of coverage and reforms on existing schemes...

April 7, 2022

Articles, Innovation, System Sustainability2022, Africa, Social Security, Technology

October 2022

September 2022

African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment

August 2022

These 7 African countries have recorded highest pension fund asset growth

Africa’s Largest Asset Manager PIC Leads Pension Funds Investing in Continent’s Infrastructure via AFC

July 2022

Africa Pension Supervisors Sign Agreement With FSD Africa

Rising life expectancy in Africa triggers urgent need for pension penetration

Africa insurers urged to focus more on climate change

June 2022

Pension funds lead the way on ESG in Africa

April 2022