FEPP co-hosts financial education conference
Kenya’s Financial Education and Consumer Protection Partners
co-hosted an international conference on financial education
dubbed ‘Financial Education: An Opportunity for All’. The
conference was jointly organised by the Financial Education
Fund and Opportunity International from 21-22 July, 2011 and
was actively attended by 120 practitioners. The conference
was officially opened by the Mr. F.P.K Pere, Director Banking
Supervision Department of the Central Bank of Kenya. Making
remarks on behalf of the Governor, Mr. Pere stated that “Central
Banks around the world, including in Kenya, are now playing
a key role in the financial education campaigns in order to
invest in knowledge; enhance the effectiveness of their monetary
policy; ensure the smooth functioning of financial markets;
and support sustainable economic policies and price stability.”
He encouraged participant to share openly
and learn from each other noting that it is imperative to
have a long term vision for financial education as it offers
the prospect of strengthening the development of financial
markets and enhancing the impact of expanded financial services
on the livelihoods, especially among poorer groups. The two
day conference ended with a high note where participants made
commitments to further the agenda of educating consumer by
participating in the 90 day challenge. Participants also documented
challenges and these have been uploaded onto the FEF initiative.
Participants also documented challenges and these have been
uploaded onto the FEF
website. To learn more about the views, suggestions and
comments made by participants please visit the conference
facebook page on http://goo.gl/QgVv1
and feel free to join in the conversations and to make your
own contribution. |
Financial education launched in primary schools in Kenya
In collaboration with a number of partners and stakeholders,
Plan International and Child Savings Kenya have initiated
the Child Financial Education Program for Kenya. The project
was officially launched by Bilha Maina, Project Manager for
Financial Education & Consumer in Mid-July 2011 and a
teacher training program to enhance the skills of 86 primary
school teachers commenced. Interestingly, the teachers admitted
that they would need financial education as much as their
students would. The program targets to reach 149 primary schools
and 2 community service centers in Kisumu region.
FSD Kenya has invested Kshs. 12million to
ensure that every child in the beneficiary schools gains access
to the Child Financial Education curriculum kit which includes
a teacher’s guide and work-book; a children’s savings pass-book
issued in collaboration with Post-Bank; a training manual
on banking services to teach children the key terms and services
offered by commercial banks; and a project work-book that
teaches how to start and manage a successful small-scale enterprise
developed in collaboration with K-rep Development Agencies.
The financial education program will be run through school
clubs as a co-curriculum activity. The program is endorsed
by the Ministry of Education who will be undertaking close
monitoring and evaluation to establish whether the program,
if successful can be scaled up throughout the country. |