Our appreciation goes to Dr. Sendrine GBIA from @kfaisalhospital she made difficult journey the easier! My husband and I are grateful to the service gave, What a dedicated and passionate woman !!!! The hospital should know that they have La perle Precieuse!
While yesterday's press conference addressed the RSSB pension reform's goals, critical questions remain unanswered: How will this impact inflation? What support measures are planned for businesses adapting to doubled costs? Why implement such a sharp increase instead of gradual changes?
The MINECOFIN Minister compared our rates with neighboring countries (Uganda 15%, Tanzania 20%) to highlight Rwanda's low rate. But the critical issue isn't how we compare regionally - it's how this sudden doubling will impact Rwandan workers and businesses.
As mentioned in the briefing, only 9% of workers are in formal employment. Shouldn't we first focus on expanding formal sector employment before doubling mandatory contributions? This could push more businesses into informality to avoid increased costs.
There is no mention of how SMEs will cope with doubled contributions. For a business with 10 employees earning 200,000 RWF each, that's an extra 60,000 RWF monthly expense. Will there be support mechanisms for businesses?
@RSSB_Rwanda CEO noted that the pension fund has Rwf2.6 trillion in assets, a 15% growth rate, and Rwf418 billion net income in 2023/24. With such a strong performance, why not consider a more gradual contribution increase that wouldn't shock household budgets?
The minister of MINECOFIN noted that Rwanda's contribution rate hadn't changed since 1962. Yet this 60-year stability is being disrupted with just 2 months' notice. Where's the impact assessment? Where's the transition plan?
The briefing emphasized future benefits but didn't address immediate impacts. How will this affect current employment rates? What measures will prevent job losses as employers face increased costs? These questions need answers.
While long-term pension sustainability is crucial, the implementation approach matters. A gradual increase (1% annually) would allow employers and employees to adapt while achieving the same goal.
We need more dialogue on this reform. @rssb_Rwanda@RwandaFinance @MIFOTRA - can we discuss implementation alternatives that don't risk destabilizing businesses and household budgets? The goal is correct, but the approach needs review. #PublicConsultation
Driving success: Dativa makes a living as a motorcycle taxi driver in Rwanda's capital Kigali. An increasing number of women is following her lead. Along the way, they develop new business ideas.
Dativa' story ➡️: https://t.co/i5J5PZiiMw
@BMZ_Bund
Unternehmerin mit Drive: Dativa verdient ihr Geld als Motorradtaxifahrerin in Ruandas Haupstadt Kigali. Immer mehr Frauen folgen ihrem Beispiel und entwickeln dabei weitere Geschäftsideen.
Dativas Geschichte➡️: https://t.co/cuTf2GNf7B
@BMZ_Bund
2. Ese ko amafaranga tuziko ashorwa mu mishinga, imishinga yarahombye?
3. Ese aho Bantu batangiriye gutanga imisanzu haba Hari uwariye ku nyungu mwungutse? Niba ntawe se amafr yaburiyehe kuki tugomba kongera ayo twatangaga?
Murakoze!
Passionate about global food security & preserving indigenous #FoodSystems ? Be part of the solution! Join the eConsultation on Food Security&Nutrition under the World #FoodSecurityConsultation open till 13/12 Contributions welcm in English French Spanish https://t.co/qB6xksFYaR