A look at Rwanda’s Ejo Heza savings program | Buobe
A look at Rwanda’s Ejo Heza savings program
Buobe IA context · why it matters
More than 80% of Rwanda's workers are informal employees — Lack of formal retirement options means many may face financial insecurity in old age.
Ejo Heza, a voluntary defined contribution savings plan, was launched in 2019 — It provides a potential solution for informal sector workers to save for their future.
According to a report by the World Bank Group, more than 80 per cent of Rwanda’s workers are classified as informal employees — working in sectors such as agriculture or self-employed — and not typically covered by formal retirement plans.
