Thanks to efforts by the government, private sector, nonprofit organizations and concerned citizens, the financial literacy movement is growing quickly in Kenya.
The national financial capability initiative is designed to develop the financial markets as well as educate people from all parts of the country. The push for financial capability in Kenya will reach youth through various stages of their schooling by integrating financial literacy lessons into school’s curriculum.
Just like most people around the globe, currently most Kenyans have not received a practical financial education and many are suffering the consequences. This ‘global financial illiteracy epidemic’ is not only impacting peoples bank accounts but their lives. Stress, relationship strain, unhealthy coping behaviors are just a few of the problems people face when they are consistently worried about money.
The NFEC commends all the people and organizations in Kenya that are dedicated to the growing financial empowerment of the people and the economic development of the country.