9.5 C
Alba Iulia
Friday, May 29, 2020

Social Security in Africa far below 10%

General News Social Security in Africa far below 10%

Labour and Social Security Permanent Secretary (PS), Barnaby Mulenga
Labour and Social Security Permanent Secretary (PS), Barnaby Mulenga

Government says a well-structured social security is a catalyst to attaining economic development. Labour and Social Security Permanent Secretary (PS), Barnaby Mulenga said social security is a tool in the promotion of livelihood of vulnerable and general welfare of the people.

The PS cites that poor administration of a pension has a negative effect on government.

The PS was speaking in Lusaka last evening during a welcome cocktail of International Social Security Association (ISSA) regional workshop organized by National Pension Scheme Authority through the Ministry of Labour and Social Security.

He disclosed that his ministry has embarked on refining pension reforms in Zambia aimed at protecting workers.

“Government acknowledges that a well-designed and structured social security is a catalyst to attaining the economic development,” the PS said.

Mr. Mulenga observed that social security systems in Africa provide effective social security to workers and citizens have failed over the years due to poor administration and financing.

Mr. Mulenga said most social security systems are tailored for people that are employed in the formal sector leaving out those in the informal sector or unemployed.

And ISSA Chairman for Southern Africa, Prince Lonkhokhela Dlamini disclosed that social security protection is far below 10 percent in Africa.

His Royal Highness Dlamini said there is need for ISSA member countries to share experiences, information and exchange on social security for the benefit of its members.

Meanwhile, NAPSA Director General, Yollard Kachinda disclosed that developed economies account for 50 percent of workers accessing social security.

Mr. Kachinda said this deficiency in accessing social protection for workers in the Sub –Sahara Africa and Asia has caused a sharp contrast.

ISSA founded in 1927 under the auspices of the International Labour Organization promotes excellence in social security administration through professional guidelines, expert knowledge, services enables members to develop dynamic social security systems and policy throughout the world.

The 3-day regional workshop has attracted participants from Burundi, Rwanda, e-Swatini (formerly Swaziland), Madagascar, Seychelles, Zimbabwe and the host Zambia.

[Read 161 times, 1 reads today]


Comments are closed.

- Advertisement -

Latest News

Why is the Equipment for New Chavuma Distrust Hospital Still in Lusaka and Solwezi, President Lungu Asks

President EDGAR LUNGU has directed the ministry of health to immediately equip the newly constructed Chavuma Distrust hospital. ...

Zambia’s May Inflation rises 16.6% From Year Earlier

Zambia has recorded an increase in its annual inflation rate in May compared to the previous month, its statistics agency has said. This is the...


The German Bundesliga is the first high profile European league to resume action in the midst of the Covid-19 pandemic. We track Chipolopolo's 2021...

UPND Leader Must Congratulate President Lungu and the PF Government for the BUMPER HARVESTS

By Hon Dr. Jonas Chanda President Edgar Lungu and the PF government must be highly commended for this year's MAIZE BUMPER HARVEST which has...

President Lungu jets into North-western province

President Edgar Lungu has arrived in North-western province on a three-day working visit. The Presidential plane touched down at Kalumbila airport at about 09:19...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]