Kenya 
African Pension Tech and the Long-Term Savings Gap
Nigeria
Financial Services
Only a small fraction of African workers participate in any formal retirement savings system. Nigeria's Contributory Pension Scheme covers approximately 10 million workers out of a workforce of over 70 million. Kenya's NSSF coverage is similarly narrow. PiggyVest has 7 million users saving short-term but pensions remain underserved. Inside the gap, the emerging digital operators, and why retirement may be the next great African fintech opportunity.
Every market report in this series has been about present-tense fintech products: payments, lending, savings, investments, insurance, remittances. This final report is about the product category African fintech has systematically avoided: long-term retirement savings. The avoidance is understandable. Pension products a...
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