Who we are
APSA is a coordinated platform that brings together pension industry regulators and supervisors from across Africa. The association was formally launched in September 2019 at the first Africa Pensions Supervisors Conference held in Nairobi. The founding member countries are Nigeria, South Africa, Kenya, Uganda, Zambia and Rwanda. The current membership is made up of regulators from 15 countries and are responsible for over US$350 billion assets – over 86% of pension assets in Africa.
Initiatives
To achieve its mission and vision, APSA with the support of technical assistance from FSD Africa, supports its members and stakeholders through three tailored initiatives at country and regional level:
- Policy and Regulatory Support
- Research, Knowledge Management and Capacity building
- Collaboration and Networking
Testimonials
Africa’s pension sector has potential to finance major investment projects especially of infrastructural nature. This is possible through consolidation of pension funds in the continent and African pension supervisors should collaborate to make this a reality
Nzomo MutukuFormer CEO of RBA 
By partnering with APSA we are jointly paving the way for a harmonised approach towards interventions and reforms in the pensions sector. Our collaboration will forge solutions that speak to Africa’s unique pensions landscape. With the right support and regulations, Africa’s pension sector can deliver competitive returns for retirees while funding nation-building initiatives
Evans OsanoDirector, Capital Markets, FSD Africa 
The Africa Pension Supervisors Association provides a platform to share thoughts, knowledge and ideas on how to impact Africa pension landscape and promote pension regulation and supervision in Africa.
Dr. Umar Farouk AminuCommissioner, PENCOM, Nigeria 
Pension funds in Africa should prioritize and take lead in promoting investment in Africa to demonstrate confidence in the continent and disabuse the existing perceptions about the inherent political instability risks that characterize Africa. This will equally encourage others from outside the continent to equally invest in Africa
Olano MakhubelaExecutive, Financial Sector Conduct Authority (FSCA), South Africa 
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Africa Pension Landscape
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Population in Africa
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Working age population (15-65 years)
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Active contributors as a % of working age population
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Active contributors as a % of labour force
US$
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AUM
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AUM as a % of GDP
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