Pensions for older women and men are the most widespread form of social protection around the world. However, according to the most recent World Social Protection Report issued by the International Labour Organization, only 29.6% of seniors across Africa receive some form of old-age pension. The lack of social protection for the majority of older people across the continent leaves many vulnerable to poverty, inequality, and social exclusion.
And yet, statistics don’t tell the whole story. There is also good news and reason to celebrate. This year Kenya instituted a universal pension for its citizens over the age of 70, the new program fully owned and funded by the national government.
Read more about Kenya’s leadership on pensions by clicking here.