Dr Tumubweine Twinemanzi, noted that the number of Ugandans saving had grown from 54% In 2018 to 60% in 2024. However, savings that are not invested come to naught. Kampala, Uganda | LYDIA MIREMBE | On October 31st, stakeholders in the financial services sector commemorated World Savings Day 2024, with …
Read More »TRIBUTE: Dr Robert Okello served URBRA and retirement benefits sector with unwavering dedication
Chairman Board Junjura: Dr Okello mentored us. His best attribute was humility. We thank him for serving humanity with such humbleness. COMMENT | LYDIA MIREMBE | When the Uganda Retirement Benefits Regulatory Authority (URBRA) was established in 2011, by an Act of Parliament, operationalizing it was like an experiment. There was …
Read More »Retirement saving is key in eradication of old-age poverty
Nearly 50% of orphaned children live with their grandparents COMMENT | LYDIA MIREMBE | Recently I was riding in a taxi, enduring Kampala’s evening traffic jam, as motorists and cyclists crisscrossed between lanes, taking advantage of every available space to pull forward. Suddenly I heard the driver of our taxi shouting …
Read More »Provision of retirement benefits is a key element of labour justice
Around the world, the most recognized form of social justice and protection, is the provision of pensions for older persons. COMMENT | LYDIA MIREMBE | On May 1st, Uganda joined the rest of the world to commemorate International Labour Day, under the theme: Improving Access to Labour justice, a pre-requisite for …
Read More »A safe and healthy working environment has implications for retirement
COMMENT | Lydia Mirembe | A story is told of a young factory worker, whose hands were crushed as he operated a machine in the factory. Having lost both hands, he could not carry on with his job, and was forced to take early retirement. His employer sent him home with …
Read More »Digital technologies enable women take charge of their retirement prospects
Out of the estimated 21,930,000 women in Uganda, 61.7% access internet daily, and 44% percent use their own mobile phones COMMENT | Lydia Mirembe | International Women’s Day is a good time to apply a gender lens to all aspects of life – not only to draw attention to the traditional …
Read More »COMMENT: We must encourage more employees to embrace voluntary retirement saving
“Not everyone who retires has difficulties with the transition, but those that have not planned are at a greater risk of mental and physical health problems” COMMENT | Lydia Mirembe | “It would be quite disheartening for an employer to find their retired employee living in despicable conditions. Every employer should …
Read More »Employers can support employees to attain financial independence
COMMENT | Lydia Mirembe | If Uganda were a civil servant, he or she would be due for retirement this year having attained the mandatory age of 60. For Uganda as a nation, 60 is a very young age. For citizens that inhabit this Pearl of Africa, 60 is when they …
Read More »A regulated pensions environment breeds transparency and accountability
COMMENT | Lydia Mirembe | There was a time when the retirement benefits sector in Uganda was defined by gross mismanagement, lack of transparency and accountability, outright corruption and brazen embezzlement of savers’ money. The establishment of a Sector Regulator since 2011, has provided a foundation for continued improvement in scheme …
Read More »Save for emergencies, preserve your retirement savings
As we start 2022, it is important for all of us to appreciate the need to save for a rainy day COMMENT | Lydia Mirembe | If the Covid-19 pandemic has taught us any lesson, it is our inability to predict the future with certainty. But while we may not …
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