Kenyans in the informal sector, the majority being self-employed, can now save for their retirement through the Kenya National Entrepreneurs Savings Trust (KNEST).
KNEST is a government institution started by the government of Kenya to provide an avenue, where those in the informal sector can retire with dignity.
Speaking to the leadership of bodaboda riders from Western Region in Kakamega, a legal officer Eunice Oduor, who was representing the CEO of KNEST urged those in the informal sector to register with the trust and start contributing.
She urged the self-employed to take advantage of the opportunity that has not been available for the sector where only those employed were covered by a pension scheme. "A research was done by the government together with the World Bank that found out that only 20 per cent of the Kenyan workforce have an idea of what would happen to them or how they would survive after retirement," she explained.
