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This is apparently because a lot needs to be done in regards to the pension sector despite the evident great progress that have been achieved thus far.
The two-day engagement kicked off on Monday September 27, 2023 in Kampala, Uganda. It is aimed at promoting Sustainable Pension Inclusion in Africa through sharing knowledge, experiences, innovations, and avenues from different experts.
Hon. Julius Junjura Bigirwa, Chairperson of URBRA, in his opening remarks, said it’s an opportunity for Uganda to host the APSA conference.
He said the various stakeholders coming together is important to shape the future of the Pension Sector in the country.
Mr Augustine Kpehe, Country Director African Development Bank emphasized the need for Sustainable inclusion.
This is because a pension provides a reliable income for life in the future. Apparently, advances in public health, nutrition, education among others have led to a shift according to him. This means that life expectancy has increased meaning pensioners might survive for about 20 years yet most are broke.
“Pensions must be progressive and reliable in order to have all people with the right policies. This is to make sure that those that are excluded like the youth and the informal sector are brought on board. This is through policies by the government such; as digitalization, massive awareness campaigns as tools to attract those left behind. Africa is a young continent and 9- 10 percent will be 60 years by 2050. Stories show that the trend we are taking needs a lot of work to do,” he said.
He affirmed their readiness to draw the sector through capacity building whenever they are called upon. Other keynote speakers also included Parul Seth Kharma, CEO, Pin Box Solutions, Hon. Julius Junjura Bigirwa, Chairperson, URBRA among others.
Check Also;
- Pader District HR officer Arrested Over Shs 2bn Pension Payment Bribes
- NSSF Releases Statement On Media Reports About Fund Operations
- Informal Sector: Government Planning Pension Scheme For Self-employed
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
