M-PESA GO, Old Mutual and the Kenya Institute of Curriculum Development (KICD) have jointly launched a financial literacy online toolkit designed for junior and senior school students.
This learner’s toolkit follows the launch of a teacher training platform in June 2023, which aimed to equip educators with the necessary financial knowledge to impart to their students.
The program features interactive sessions and gamified digital experiences, allowing students to engage directly with financial professionals and creating a dynamic learning environment.
Chief Financial Services Officer at Safaricom PLC, Esther Waititu highlighted the evolution of Kenya’s financial landscape over the past decade.
She emphasized the increasing accessibility of financial services and the importance of financial literacy for a financially healthy society.
“Kenya’s youthful population plays a crucial role in our current and future economic growth. Building their financial capabilities is essential and requires collaboration between the public, private, and social sectors,” Ms Waititu stated.
She further explained the rationale behind the toolkit, emphasizing its contribution to financial stability.
“By acquiring financial health at a young age, individuals are more likely to make informed decisions about money, save, invest wisely, borrow responsibly, and avoid falling victim to fraud or predatory practices. M-PESA Go provides a platform for young people aged 13-17 to practice financial wellness through saving, transactions, and other financial activities.”
Group CEO of Old Mutual, Arthur Oginga stressed the importance of nurturing a healthy relationship between young people and money, promoting financial resilience, and cultivating overall financial wellness.
He warned that without proper preparation, future generations risk perpetuating a cycle of instability.
By prioritizing financial education, we can empower young individuals to develop sound financial habits that will benefit them throughout their lives.
Mr Oginga also highlighted the significance of the partnership between Old Mutual and Safaricom, emphasizing the potential to leverage their combined strengths to create positive change in communities.
Their shared commitment to digital innovation and deep understanding of the financial landscape enables them to develop impactful solutions that improve lives.
