My friend, Abojani, one day told me that money is like the Holy Spirit. It does not like noise. It goes where there is peace. Any money that is noisy never lasts. Wanted to ask him about the Yahoo Boys but I realized he was talking about us, entrepreneurs.
Read Also: Kenyan Financial Players Kick Off A Campaign To Boost Financial Literacy Among Kenyans
Financial literacy is as important as table manners.
Why Financial Literacy Matters
In Kenya, over 75 percent of individuals struggle with managing their finances effectively, often lacking knowledge in budgeting, saving, and investing. This gap in financial education can lead to poor financial choices, resulting in debt, stress, and insecurity.
How NCBA Bank is enhancing Financial Literacy among Kenyans:
NCBA Bank is at the forefront of promoting financial literacy in Kenya. Here’s how they’re making a difference:
Family Matters | Financial Clinic: In partnership with Family Media, NCBA sponsors a weekly segment on Family TV that provides expert-led discussions on money management, investments, budgeting, and more. This ensures that households get to learn money matters both as individuals and as a family.
Youth Empowerment Initiatives: Collaborating with Junior Achievement Kenya, NCBA runs the “Social Innovation Relay,” a boot camp for high school and university students to develop innovative solutions to real-world problems.
NCBA Business Learning Management System (LMS): A free online platform offering courses in financial management, entrepreneurship, and strategic planning, aimed at empowering individuals and MSMEs.
Stainability Development Impact Disclosure: NCBA’s commitment to advancing financial literacy is part of its broader sustainability agenda, aiming to empower communities and promote environmental responsibility
Financial literacy isn’t just about numbers; it’s about making informed decisions that lead to financial stability and independence. With initiatives like those from NCBA Bank, Kenyans are better equipped to navigate their financial journeys with confidence.
So, this Financial Literacy Month, take a step towards financial empowerment. After all, understanding your finances is the first step to mastering them.
