UAP Old Mutual Group and the Kenya Institute of Curriculum Development (KICD) have formalised a partnership worth Kshs 21 million to boost the integration of financial education in the newly launched competency-based curriculum dubbed Learn. Think. Do.
The partnership ceremony, which was held at the KICD in Nairobi, marked the beginning of a great partnership which will play a critical role in providing financial literacy and education to teachers and students all over the country.
“Understanding finance and, more importantly, personal financial planning and management skills is essential, especially as people become increasingly dependent on the use of digital platforms. Although these services defeat the challenges of geographical distances, lack of infrastructure and access to the formal banking sector, they cannot be optimally used in the absence of financial education,”
said Mr Arthur Oginga, Group CEO UAP Old Mutual.
‘Competency Based Curriculum aims at developing an empowered, engaged and ethical society that is globally competitive in service delivery. The mission is to develop every learner’s potential to full scale productivity. Financial Literacy and education is central to productivity in every sector. By inclusively having this in the curriculum, we are building productivity and developmental competencies in every learning area. This will go a long way in developing a skilled and ethical society’’
said Professor Charles Ong’ondo, CEO KICD.
UAP Old Mutual Group has long been a pioneer in financial education and providing consumers with access to the tools they need to be money-wise. The Group seeks partnerships with like-minded organisations to support initiatives that will enhance the financial well-being of the society.
“The first step towards achieving a financially aware Kenyan society has been undertaken by the Ministry of Education and KICD curriculum specialists by bringing financial education to learners across the country’’
Added Mr Arthur Oginga, Group CEO UAP Old Mutual
The funding provided by Old Mutual will be used to support the mainstreaming of financial education in the new competency-based curriculum that will entail; an in-depth analysis of existing programmes, the closing of gaps and the inclusion of financial literacy course content for teachers in the new curriculum. Primary delivery will be through online and offline courses for junior secondary and senior school teachers.
Old Mutual regards the formalisation and teaching of financial skills as one of the most significant educational milestones to take place in East Africa. It is for this reason that Old mutual are happy to provide the programme needed support and look forward to the financially aware citizens of the future.