Government has finally started paying its pension contributions to Social Security Fund.
The debt that had grown to Frw66 billion will be cleared in installments in thirteen years.
This money accumulated, partly, when the Treasury failed to pay social security contributions for thousands of its employees. Afrique Ramba, director of investments and special projects department said the money will be reinvested in other projects development projects.
Social Security Fund of Rwanda is copying the Singapore social security fund that has played key role in developing Singapore economy.
“Singapore’s social security fund played a key role to develop their economy and CSR targets to tap best practices that can be implemented Rwanda.”
CSR intends also to construct malls where international retailers like NAKUMATT and Shoprite can bring their products.