The Mbao Pension Plan is a regulated individual retirement savings plan in Kenya, specifically targeting the informal sector workforce who often lack access to traditional pension schemes. Its mission is to foster a savings culture and provide a secure retirement for self-employed individuals and casual laborers. The plan is unique for its accessibility, allowing members to make small, flexible contributions daily (as low as KES 20) via the M-PESA mobile money platform. The scheme is administered by Liberty Pension Administrator Kenya Limited and is regulated by the Retirement Benefits Authority (RBA) of Kenya.

Founded in

Kenya