Khusoko – East African Markets
    Facebook Twitter Instagram
    Khusoko – East African MarketsKhusoko – East African Markets
    • NEWS
    • ECONOMY
      • BANKING & FINANCE
      • COMPANY
      • MARKETS
    • INDUSTRY
      • AGRICULTURE & ENVIRONMENT
      • HEALTH & WELLNESS
      • PROPERTY
        • RETAIL
      • TECHNOLOGY
        • ELECTRONICS
    • ENTREPRENEURSHIP
      • ENTREPRENEURS
      • PEOPLE
      • PERSONAL FINANCE
    • SPORTS
    • COMMENTARY
    • ARTS & CULTURE
      • BOOKS
      • ENTERTAINMENT
      • FAMILY & RELATIONSHIPS
      • FASHION & STYLE
      • FOOD & DRINK
      • TRAVEL & LEISURE
    Khusoko – East African Markets
    MARKETS

    Enwealth, pensions manager expands into Uganda

    David IndejeBy David Indeje2019-02-22No Comments2 Mins Read
    Enwealth expands footprint to Uganda

    Local pensions manager Enwealth has started operations in Uganda after being licensed by Uganda Retirement Benefits Regulatory Authority (URBRA).

    Enwealth joins the growing number of other Kenyan financial services sector players including banks and insurance companies that have established solid presence across all the markets in East Africa in a bid to grow their revenues and profitability. where the firm plans to tap into the underserved small and medium enterprises (SME) sector.

    “We have keenly observed the Pension industry in Uganda growing steadily under a strong regulatory regime. We are therefore excited to introduce innovative, ICT driven retirement products and services such as the Income Drawdowns, Diaspora and Expatriates fund, and Post-retirement Healthcare funds for a dignified retirement life,” said Enwealth CEO, Simon Wafubwa during the launch in Kampala Sheraton on Thursday.

    The firm joins nine other pension administrators that are currently licensed by URBRA as a result of the ongoing reform agenda to liberalize the pensions sector.

    The pension’s administrator currently manages pension assets worth over Ksh 60 billion and services over 120 clients within the region. Over the last 8 years, Enwealth has been providing innovative products and services through which more than 40,000 people in 12 countries in Africa have been impacted.

    Mr. Wafubwa said that Enwealth’s key target market will be the small and medium enterprises which are currently undeserved. The SMEs employ over 2.5 million people; but due to low income levels and lack of access to information, majority of them do not have adequate savings for retirement. Enwealth has tailor-made products for this market as well as financial literacy programmes to encourage the population to save more and secure their financial security in retirement.

    “We see a very vibrant, robust and well regulated sector with increased coverage and asset portfolio. With more players joining the market, we will see more products suited for markets that have not had access to retirement benefits before. We are also adapting to modern supervisory tools to ensure that people’s savings are secure, ” said Mr. Martin A. Nsubuga, CEO URBRA at the Enwealth Launch.

    Enwealth Pension industry
    David Indeje
    • Website
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn

    In my role as Community Engagement Editor For Khusoko, I care about our audience. engaging them, getting news delivered to them across a variety of platforms, and expanding the diversity of voices on our website.

    Related Posts

    Why Is the Price of Sugar Being Watched in Kenya?

    2023-06-01

    Kenya Inflation Rate: CPI Rises To 8% in May 2023

    2023-06-01

    Kenya’s Current Account Deficit to Fall in 2023 to 4.8pct

    2023-05-31

    Leave A Reply Cancel Reply

    Our Language is Flirty
    https://www.facebook.com/flirtynailsparlour/
    MORE TOP STORIES
    • Faith Kipyegon Smashes 1500m World Record in Florence in 3:49.11
    • John Ngumi Steps Down From Kenya Airways Board
    • Court Orders Winding Up of Debt Ridden Tuskys Supermarket
    • How to Choose the Right Forex Trading App for Your Needs
    • Xiaomi Moves Up on BCG’s Most Innovative List on Increased Investment
    • Facebook
    • Twitter
    • LinkedIn
    Facebook Twitter LinkedIn
    • ABOUT US – KHUSOKO
    • PRIVACY POLICY
    • KHUSOKO STANDARDS GUIDE
    © 2023 Khusoko. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.