RBA targets Sh2.4trn via mobile phones

Chief executive Nzomo Mutuku. FILE PHOTO | NMG

The Retirement Benefits Authority (RBA) is counting on the informal sector to more than double pension savings to Sh2.4 trillion in the next five years, riding on mobile phone-based products.

Chief executive Nzomo Mutuku on Tuesday said roping in the sector will help grow pension coverage from the current 20 percent to at least 30 percent by 2024.

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