African pension funds have grown impressively
Their capital could help finance development
ON THE KAMPALA skyline workers can watch their savings climb into the air. Pension Towers, an office complex financed by the state-run provident fund, will be one of Uganda’s tallest buildings. Work began in 2008 and has been marred by fatal accidents, corruption allegations and budget overruns. The skyscraper illustrates the growing size of African pension pots—and the challenge of investing that money usefully.
This article appeared in the Middle East & Africa section of the print edition under the headline “Building bridges”
From the October 2nd 2021 edition
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