Global Money Week: Old Mutual Hold Financial Literacy Training In Bulawayo
Old Mutual held a financial literacy training in Bulawayo to mark the 11th edition of Global Money Week (GMW).
Global Money Week is an annual global awareness-raising campaign on the importance of ensuring that youths, from an early age, are financially aware and acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions to achieve economic well-being and financial resilience.
This year’s Global Money Week was celebrated under the theme ‘Plan your money, plant your future’.
Old Mutual said that the theme centred on sustainability and increasing awareness about how individual financial behaviour affects their financial future, and also the environment and society. The diversified financial services group said in a statement:
This theme prompts young people to be forward-looking and to have a broad view of the environment and society in their financial decisions. Through Old Mutual’s financial education programme – “On The Money” the financial services giant endeavors to educate and equip children and youth with the financial literacy skills to make smart financial decisions.
Old Mutual also joined hands with the Reserve Bank of Zimbabwe (RBZ), Insurance and Pensions Commission (IPEC), Securities and Exchange Commission of Zimbabwe (SECZIM) and the Ministry of Primary and Secondary Education to engage schools in Matabeleland North and South on money matters.
Old Mutual said recent research by Finscope showed that there are low literacy levels in the Matabeleland North and South and Mashonaland Central Provinces prompting their focus on the stated provinces.
The financial services group also partnered with Girls In STEM Trust to impart financial education to over 500 girls from higher institutions of learning and secondary school in Bulawayo.
Old Mutual held financial literacy training when young people in Zimbabwe face obstacles in accessing financial services like bank accounts and loans, which can make it hard for them to save and build a secure financial future.
The government and financial institutions have implemented programs to address this, but there is still a lot of work to be done to promote financial literacy and increase access to financial services, especially in rural areas.
