By Jimmy Chazama:
Bankers Association of Malawi (Bam) has called on the country to prioritise financial literacy among the youth to ensure they make informed financial decisions.
The association said this was crucial in equipping students with finance knowledge to foster a strong culture of saving and responsible money management.
Bam Chief Executive Officer Lyness Nkungula said promoting financial empowering the youth at an early stage.
She made the remarks during a digital finance literacy session with Lilongwe Girls Secondary School and Tsokankanasi Community Day Secondary School (CDSS) students, held at Sparc System Limited premises in Lilongwe as part of Global Money Week.
“Our goal is to equip students with knowledge and skills [that will enable them] to manage their finances effectively,” she said.
Sparc Systems Limited Project Manager Ahamad Milanzi said the initiative was important for students as it would equip them with the skills to navigate mobile financial service issues.
Lilongwe Girls Secondary School Head teacher, Ida Kondowe, commended the bankers for the initiative, saying it would help students understand the benefits of savings.
Last week, banks and other financial institutions, in partnership with Sparc Systems Limited, introduced financial literacy lessons to secondary school students as part of the celebration of Global Money Week.
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