Article written by Lydia Mirembe, Manager Corporate and Public Affairs, URBRA.
THE RETIREMENT BENEFITS SECTOR LOST A DEDICATED AMBASSADOR
The Covid19 pandemic continues to wreak havoc in Uganda, with 83,636 cases reported, and as of 05th July, 1,939 deaths. It is especially hard-hitting when you start putting faces and names to the statistics.
For the Uganda Retirement Benefits Regulatory Authority (URBRA), Covid19 on 23rd June 2021 claimed an ambassador, a resourceful person who put matters of retirement planning and saving high on
the agenda. Covid19 robbed the pensions sector of Mr. Everest Kayondo.
Mr. Kayondo was a seasoned businessman with nearly 40 years’ experience. He was the Managing Director of Ever Based Tours &Travel Ltd. He had been chairman of Kampala City Traders Association (KACITA) since 2010, and a Trustee of the KACITA Uganda Provident Fund, which was established and operationalized in March 2019.
Getting people to voluntarily save for retirement is a daunting task. It requires intense, unceasing public education. It requires change in mindsets and behaviors. For a saving culture to grow, it requires role models and champions, and it is something of a decadal process. So, when URBRA got an ambassador like Mr. Kayondo, we hoped that he would be with us long enough to see the fruits of his tireless efforts.