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Uganda Retirements Benefits Authority expects to reach 20% savings threshold
Andrew Kasirye, the Chairman of the Authority, signals increase in savings among both formal and informal sectors that could offer the struggling economy an impetus with renewed liquidity.

The Uganda Retirement Benefits Regulatory Authority UBRA says it  is expecting to hit a savings threshold of 20% within the next three years above the current 11%.

Andrew Kasirye, the Chairman of the Authority, signals increase in savings among both formal and informal sectors that could offer the struggling economy an impetus with renewed liquidity.

Currently the Authority has licensed 63 private savings schemes that have since collected 1.1Trillion shillings in savings; albeit with the urgently needed but pending pension sector reforms.