Under the Kenyan curriculum, students are taught a wide range of subjects, but few acquire practical skills for dealing with finances.
Most young people face challenges when they transition into their careers and start interacting with money, as they lack the prerequisite skills to manage their incomes.
As you mature, your financial needs fluctuate in response to life’s transitions, and this is why financial literacy skills are important at an early age.
With this gap in mind, M-PESA GO, Old Mutual, and the Kenya Institute of Curriculum Development (KICD) developed a financial literacy online toolkit for junior and senior school students.
The toolkit includes interactive sessions and gamified digital experiences that allow students to engage directly with financial professionals, fostering a dynamic learning environment.
This digital approach is expected to simplify learning financial literacy for children.
Speaking during the launch, Chief Financial Services Officer at Safaricom PLC, Esther Waititu noted Kenya’s financial ecosystem has transformed in the last decade to include a wider range of services.
“Kenya has a youthful population, who play a major role in economic growth now and in the future. As such, it is important to build their financial capabilities. This requires a concerted effort from the public, private, and social sectors,” she said.
In his remarks, Arthur Oginga, Group CEO Old Mutual stated, “We must act now to nurture a healthy relationship between young people and money, promote financial resilience, and cultivate overall wellness. Without proper preparation, we risk perpetuating a cycle of instability for the next generations.”
Learners can download the toolkit on the M-PESA Go and Old Mutual websites.
Watch the video below to learn more about how Safaricom, Old Mutual and the Kenya Institute of Curriculum Development (KICD) are simplifying financial literacy for children.
