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| Public
Service Masters Trainers Workshop for Financial Education |
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Prof
Njuguna Ndung'u (CBK Governor) in a group photo with workshop
trainees.
Seated on his right is the workshop trainer Jessica Messie
of Microfinance Opportunities. On his left is Bilha Maina
(FSD Project Manager, Financial Education) and David Ferrand
(FSD Director). |
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A training workshop aimed at public sector officials was held
from the 12th to the 17th of July, 2010 at Jumuia Place on
Lenana road, Nairobi. The training imparted knowledge, skills
and attitudes to
design, monitor and conduct financial education training.
It was facilitated by
Microfinance
Opportunities, the Financial Education Partnership (FEP)
and FSD Kenya.
The workshop was officially opened by the Central Bank of
Kenya Governor Prof Njuguna
Ndung'u (who is also the national financial education champion)
on the 12th of July 2010.
Download the CBK
Governor's keynote address. |
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March
2010
Nairobi - 18th March 2010. The financial education and consumer
protection partnership (FEPP) met at Crown Plaza Hotel on the
18th of March 2010 to deliberate on how to take the initiative
to enhance consumer financial capability for the financial sector
forward. The meeting was led by Prof. Njuguna Ndung'u, the Governor
of the central bank of Kenya who is also the FEPP Champion.
| read more. |
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The
partnership appoints members of the Taskforce to serve in the
period 2010 -2011
Nairobi - March 2010. The financial education partnership has
appointed additional members to enhance representation of sectors
to the taskforce. Taskforce Members represent both their institution
as well as their sector. They meet monthly to monitor project
progress and to develop strategies to take the project forward.
The nominees serve the FEPP on a voluntary basis. | read
more. |
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September
2009
The Financial Literacy Conference supported by among others
the GTZ, MFW4A and CGAP was held in Accra Ghana between 7 -
9 September 2009. The two day conference also included exhibitions
of financial literacy interventions and multi-country group
discussions on how to undertake effective literacy programmes
that will contribute to behaviour change in consumers. To access
information on the presentations made at the conference and
gain insight on some of the key issues discussed related to
the promotion of financial capability kindly click on this link.
| read more. |
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| FSD Director
David Ferrand shares a word with Central Bank Governor
Prof Njuguna Ndung'u during the FEP luncheon held on 27th
August 2009. |
August 2009
Professor Njuguna Ndung'u, Governor
of the Central Bank of Kenya accepted to lead the Financial
Education Project, an initiative driven through private and
public sector partnership. Accepting this role during an FEP
stakeholders luncheon held on 27th August 2009, Prof. Ndung’u
indicated that he had keen interest to support financial education
initiatives not only in Kenya but Africa as a whole. He said
the CBK has organised a number of workshops and seminars to
sensitise various financial stakeholders on the importance of
financial knowledge and its dissemination to the public.
Appreciating that it is difficult for consumers
to understand how financial markets work and the complex nature
of such areas as investing, Prof. Ndung'u stated that financial
education could help both consumer and financial services
providers to make appropriate decisions. Financial Education
should be targeted at everyone from the poor to professionals.
He noted that the selected pilot project to be undertaken
by the financial education initiative would deliver positive
impact to communities. |
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May
2009
Following a joint call for proposals to promote financial
education in Kenya, we are pleased to announce the interim winners
of the grant funding as follows:
Faulu Kenya is registered as a deposit taking micro finance[DTM],
whose visions is to give Kenyans Hope and a Future through provision
of relevant financial solutions. The organizations proposes
to undertake a project dubbed MASOMO 2B targeting their own
clientele in western regions of Kenya to educate them on debt
management, savings and budgeting. The target is to reach 54,000
of Faulu clients and to build internal capacity to deliver financial
education interventions in the future. Faulu Kenya have won
a joint Grant of GBP 250,000 from the Financial Education Fund
(FEF) and the Financial Education Partnership (FEP) to implement
this project.
Plan Kenya working in collaboration with Child Savings Kenya
and the ministry of education would like to lay the foundations
of entrepreneurship among children. They propose to entrench
financial education in the Primary school curriculum and develop
a mechanism to anchor the same in the national education policy.
They target to develop skill for earning, saving and investing
money in children aged between 6-14 years in rural and semi-urban
Kisumu regions. Plan Kenya have been awarded GBP 100,000 from
the Financial Education Partnership (FEP) towards implementation
of this project.
Two other projects are pending re- evaluation and will be announced
by the end of June 2009. Join us in congratulating Faulu and
Plan for their win. |
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November
2008
A joint call for proposals was made by the Financial
Education Partnership (FEP) and the Financial Education Fund
(FEF). Non-profit and private sector organisations competed
for grant funding of financial education pilots. 24 organisations
submitted concept notes. Five of these were invited to submit
full applications.
Over a two year project lifespan, the five innovative pilot
projects will be supported. These pilot projects will test delivery
methods using four key channels namely: the formal education
system; mass media; face-to-face interactions supported by financial
services providers and a community based organisation. Evaluating
the effectiveness of these pilots will build the evidence required
to develop a credible and sustainable long-term strategy for
Kenya. |
