Octagon Africa, Alexforbes partner to expand retirement savings for MSMEs

Octagon Africa Group CEO Fred Waswa (L) and AlexForbes CEO Growth Markets Jonathan Muthige (R) during the signing of a strategic partnership to provide retirement savings solutions targeting 15 million workers in Kenya’s MSME sector. [Courtesy]

In a move set to transform Kenya’s retirement landscape, Octagon Africa has partnered with South Africa-based financial giant Alexforbes to launch an affordable retirement savings solution targeting the country’s micro, small, and medium-sized enterprises (MSMEs).

The partnership aims to bridge one of the biggest gaps in Kenya’s financial system — the exclusion of millions of workers in smaller businesses from formal retirement schemes.