Financial Literacy for All
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... As Zambia Commemorates World Savings Day with Emphasis on Financial Literacy, Ntini Highlights the Role of Financial Education in Empowering Citizens to Build Secure Financial Futures and Strengthen Zambia’s Economic Foundation By Francis Maingaila ♥️ Lusaka, Zambia24 – (31-10-2024) - Zambia marked World Savings Day on October 31, 2024, with a strong focus on the essential role of financial literacy in promoting savings habits among citizens. The theme for this year, “Savings for Everyone: Empowering the Next Generation,” highlights the urgent need to educate youth on fundamental financial principles. Research reveals that only 57% of Zambians understand key financial concepts, leading the government and various NGOs to initiate programs like “Financial Literacy for Youth,” which conducts workshops on budgeting and savings strategies to bridge gaps in financial education. Despite these efforts, challenges remain, such as limited access to banking in rural areas and dependence on hi...