Provident Fund is a welcome idea

Only six percent of all Rwandans subscribe to the Social Security Fund of Rwanda (SSFR), the Lower Chamber of Parliament was told this week. Vincent Karega, the State Minister for Minerals and Natural Resources, who was in parliament as a government emissary, in a consultative meeting with the lawmakers about the ongoing reforms within SSFR said government is considering putting in place a ‘Provident Fund’. According to Karega, the fund will help Rwandans save for long term investments like housing and tuition and will also boost their pensions.