Many African countries face significant pension system deficiencies, hindering financial security for retirees. A recent report from the Absa Africa Financial Markets Index 2024 highlights the severe challenges in nations like the Democratic Republic of the Congo, Madagascar, and Ethiopia. These countries lack comprehensive pension schemes, leaving citizens vulnerable in their later years. However, this issue also presents an opportunity for reform. Governments and institutions are encouraged to innovate and invest in sustainable pension solutions, ensuring long-term financial stability and fostering stronger, more resilient economies across the continent.
Source: BUSINESS INSIDER AFRICA
