This archive report was first published on 11 July 2019.
July 11, 2019, marked a significant step towards securing the financial future of Kenyans in the informal sector, as Zamara Group announced plans to unveil a pension product tailored to their needs.
With assets worth over Sh275 billion under its administration, Zamara aims to ensure that every Kenyan has access to retirement savings in the next couple of years.
According to Chris Nyokangi, Zamara's chief operations officer, the new product will simplify financial information, making it easier for informal sector workers to take up appropriate retirement benefit schemes.
“We will simplify the financial information to make it easy for the users to take up appropriate retirement benefit schemes,” Nyokangi said during a two-day conference for the pensions industry held in Kisumu.
By targeting the informal sector, Zamara seeks to address the critical issue of workers retiring into poverty due to the lack of adequate social protection.
