KAMPALA. The Uganda Retirements Benefits Regulatory Authority (URBRA) has branched out and licenced two informal sector retirement schemes.
Kampala City Traders Association (Kacita) which is mainly composed of traders across the city, and Mazima Retirement Plan, which caters for individuals in various work outfits, received their licences in Kampala last week.
For years, Uganda’s pension coverage has been skewed towards the formal sector, specifically through the National Social Security Fund (NSSF), excluding the informal sector, persons who are self-employed and those working in Small and Medium Enterprises (SMEs). While handing over the licences, the chief executive officer URBRA, Mr David Nyakundi, said: “Previously, the excuse for the self-employed and players in the informal sector…………….…..