Africa Pensions Supervisors’ Network Programme

This programme is a key building block for FSD Africa’s capital markets strategy which focuses on mobilizing domestic/local currency long term finance. The programme focuses on addressing demand side challenges and is expected to complement other ambitious programmes being initiated by FSD Africa including the Africa Private Equity and Private Debt Programme, Africa Capital Markets Housing Programme, and the various Green Bond programmes (Kenya, Nigeria, SADC). This programme presents an opportunity to address the various challenges facing the pension industry in Africa. Africa’s pension assets represent less than 1% of global assets with a pension coverage of only 9.6%, putting a significant percentage of the elderly at risk of old age poverty. There exists an opportunity begin to change the narrative by supporting initiatives aimed at effecting systemic change. This has a direct nexus with economic development, poverty reduction, improved livelihood and increased resilience of individuals.