- The program will enable schools to embed financial literacy skills in their curricula.
Nairobi, November 21 st, 2024… M-PESA GO, Old Mutual, and the Kenya Institute of
Curriculum Development (KICD) has today unveiled a financial literacy online toolkit,
targeting students in junior and senior schools.
This learner’s toolkit comes after the launch of a teachers’ training platform in June this
year to empower teachers with the necessary skills on matters of finance therefore
enabling them to pass the same to the young ones.
The program includes interactive sessions and gamified digital experiences that allow
students to engage directly with financial professionals, fostering a dynamic learning
environment.
Speaking at the launch event, Esther Waititu, Chief Financial Services Officer at
Safaricom PLC noted that Kenya’s financial ecosystem has transformed in the last
decade to include a wider range of financial services and digital finance enabling any
time anywhere access and making financial literacy an important aspect of a financially
healthy society.
“Kenya has a youthful population, which means young people play a major role in
economic growth now and in the future. As such it is important to build their financial
capabilities. And this requires a concerted effort from the public, private, and social
sectors.”
“Financial literacy is essential to financial stability, which is one of our main objectives,”
added Esther, while explaining the rationale for the toolkit. “The younger people acquire
financial health, the more likely they are to make sound decisions about money. They
are more likely to save for a rainy day, to invest wisely, to borrow judiciously when
necessary. And they are less likely to fall prey to fraud or predatory practices. M-PESA
Go, offers young people aged 13 -17 years a platform to save, make transactions, and
practice financial wellness at a young age for a money-smart generation.”
Studies at M-Pesa Foundation, proudly showcase the newly launched book and financial
literacy program. This initiative is a bold step towards unlocking opportunities for financial
inclusion and equipping young learners with essential money management skills.
C2 – Safaricom
Internal
In his remarks, Arthur Oginga, Group CEO of Old Mutual stated, “We must act now to
nurture a healthy relationship between young people and money, promote financial
resilience, and cultivate overall financial wellness. Without proper preparation, we risk
perpetuating a cycle of instability for the next generations. By prioritizing financial
education, we will empower these young individuals to develop sound financial habits
that will serve them throughout their lives. This is why we are investing resources to
support integration of financial education across curricula.”
“The partnership between Old Mutual and Safaricom signifies the potential of leveraging
each organization’s unique strengths to foster positive change in our communities. Our
shared commitment to digital innovation and a deep understanding of the financial
landscape enables us to develop impactful solutions that improve lives”, said Arthur
Oginga,
“By prioritizing financial education, we will empower our young learners to develop
sound financial habits that will serve them throughout their lives. This is why we are
investing resources to support integration of financial education across curricula,” he
added.
The toolkit was developed in response to the need to mainstream financial literacy
education through the existing school curricula. Learners can download the toolkit on
the M-PESA Go and Old Mutual websites.
