13/07/2025
What will your next 25 years from now look like?
When we were children, it was common to hear parents say, "My children are my retirement plan." By a show of hands - how many of us have truly fulfilled that expectation?
If you half raised - you are not alone. The economy has shifted. Education no longer guarantees a formal job. Today, 85% of Ugandans survive on side hustles—vendors, boda-boda riders, artisans—working until their bodies give out.
We have worked with a number that we began reflecting about this painful question - one that we rarely ask ourselves: What happens when your back can’t carry you anymore?
We dared put some answers to that question with MkoziLife.
Patasente, working with the Uganda Markets & Allied Employees Union, recently set up the Informal Workers Social Protection Scheme - ISPS - and together we are proud to offer MkoziLife—an annuity pension solution designed by and for informal workers.
Here is how It Works
- Save Small, Secure Big
- Contribute a minimum of UGX 30,000/month
- Save for 10 years → Get pension payments for 10 years.
- Save for 25 years → Receive monthly payments for life.
But It is More Than Just a Pension
-15% covers medical insurance (because health is wealth)
- 20% can guarantee business loans (PataPays) or home acquisition (Homeline)
- Midterm access to 20% of savings every 5 years
And You Sign Up in Minutes
-Download the Patasente App → Tap MkoziLife
-Visit your nearest SACCO (we intend to be everywhere you work).
The Partners Behind this Promise
-Regulator: URBRA (Uganda Retirement Benefits Regulatory Authority)
-Custodian: Absa Bank Uganda
-Fund Manager: Britam
-Administrator: Octagon Africa
ISPS is a movement rewriting the future of Uganda’s informal workforce.
Picture this: 25 years from now, you’re sipping tea at home, no longer hustling in the sun but Your MkoziLife payments arrive like clockwork. Your health is covered and your children seeing you enjoying retirement as a right, not a gamble.
That’s the power of starting today.
Join