Skip Ribbon Commands
Skip to main content

JOBS AND DEVELOPMENT BLOG

Read. Comment. Debate.

Jobs and Development Blog - The Jobs Knowledge Platform > Posts > "Mobile Money" Helps Kenya's Informal Workers Save for Retirement
"Mobile Money" Helps Kenya's Informal Workers Save for Retirement
March 07, 2013 | Contribution by PATRICIA ODERA

Patricia Odera
Senior Corporate
Communications Officer
Retirement Benefits Authority, Kenya
 

Local vendors selling Kenyan tea, Mombasa, 12-08-12 @ narvikk
 
 
In recent years, Kenya has turned to new technology to reach out to the 85 percent of the total work force that isn't covered by a registered retirement plan. The Retirement Benefits Authority (RBA) hopes that the Mbao Pension Plan can help members of informal sector associations save for retirement. The plan is based on Kenya's mobile phone-based money transfer service, known as M-PESA, which allows users to deposit, withdraw, and transfer money easily with a mobile device. We recently spoke with Patricia Odera, a Senior Corporate Communications Officer for the RBA. She explains how the plan carefully targets informal sector workers (such as metalworkers, bakers, tapestry makers, and soapstone makers). South Africa is weighing a similar plan, and several other countries (such as Afghanistan, India, and Tanzania) are in various stages of implementing mobile pension plans. 
 
 <iframe src="https://cdns.snacktools.net/tubesnack/embed_https.html?hash=tvkfgfik&wmode=window&bgcolor=FFFFFF&t=1383669016" width="640" height="535" seamless="seamless" scrolling="no" frameborder="0" allowtransparency="true"></iframe>

Comments

Sophia Johnson says
I really enjoyed reading your article. I found this as an informative and interesting post, so I think it is very useful and knowledgeable online video downloader
 on  10/11/2018 11:33:18 AM  

Add Comment

Name *


Email *

Body *

 
 

 CATEGORIES

 
 

 AUTHORS

 
  
expand Author : Abdullah Al-Dailami ‎(1)
expand Author : Adriana Kugler ‎(2)
expand Author : Alice Githu ‎(1)
expand Author : Amadeus Kamagenge ‎(1)
expand Author : Amelie Constant ‎(1)
expand Author : Amina Semlalia ‎(1)
expand Author : Anil Swarup ‎(1)
expand Author : Arup Banerji, Asli Demirguc-Kunt, and Jaime Saavedra Chanduvi ‎(1)
expand Author : Arup Banerji, David A. Robalino ‎(1)
expand Author : Baptiste Cammareri ‎(1)
expand Author : Branka Minic ‎(1)
expand Author : Brij Kothari  ‎(1)
expand Author : Cai Fang ‎(1)
expand Author : Carmen PagÉs ‎(1)
expand Author : Charles Sabel ‎(2)
expand Author : Claudia Baddini ‎(1)
expand Author : Claudia Sepulveda ‎(7)
expand Author : Constantino Gonzalez ‎(1)
expand Author : Dala T. Korkoyah, Jr. ‎(1)
expand Author : Daniel Hamermesh ‎(1)
expand Author : David A. Robalino ‎(14)
expand Author : David A. Robalino and Mattias Lundberg ‎(1)
expand Author : David Grubb and Jochen Kluve ‎(1)
expand Author : Dennis Szeszko ‎(1)
expand Author : Dickson Malunda  ‎(1)
expand Author : Edgard Rodriguez ‎(1)
expand Author : Fernando Fabre ‎(1)
expand Author : Francois Bourguignon ‎(2)
expand Author : Gabriela Inchauste ‎(1)
expand Author : Gerardo Esquivel ‎(2)
1 - 30Next
 

 Archives

 
  
expand MonthYear : 10/1/2014 ‎(1)
expand MonthYear : 9/1/2014 ‎(1)
expand MonthYear : 7/1/2014 ‎(5)
expand MonthYear : 6/1/2014 ‎(4)
expand MonthYear : 5/1/2014 ‎(6)
1 - 5Next
 

  Tag Cloud

 
 

 WORLD BANK ON JOBS

 
Retrieving Data
 

 Recent Blog Posts

 
  
The JKP Blog Has Moved
Remittances from Qatar:&nbsp; Less-informed Families Receive Less
Jobs and the “Great Recession” – Part 2
Jobs and the “Great Recession” – Part 1
Juggling Labor, Credit, and Crops in Zambia