Conclusion

Conclusion

The road ahead will be thorny, and no doubt full of delays, but awareness of the problems is there, coupled with firm intentions to solve them.

The prospect of a seismic growth in the elderly population on the continent and the fact that over 85% of working Africans are employed informally pose unique challenges to the African pension fund industry. However, progress is being made in tackling these issues. Regulators are reviewing legislation, governments are experimenting with unique solutions such as micro-pensions, asset allocations are changing to allow for greater long-term growth and across the continent, the high rate of mobile penetration is being viewed as a significant opportunity to innovate.

The road ahead will be thorny, and no doubt full of delays, but awareness of the problems is there, coupled with firm intentions to solve them.