Old Mutual Group, in collaboration with the Kenya Institute of Curriculum Development (KICD), has launched a comprehensive financial literacy online programme aimed at junior and senior school teachers.
This initiative, with an investment of KES 25 million, is designed to integrate financial literacy into Kenya’s Competency Based Curriculum (CBC), ensuring that financial education is embedded across various learning stages from pre-primary to senior school levels.
This programme addresses the critical need for financial literacy education, highlighted by numerous studies showing a significant portion of Kenya’s population lacks financial knowledge. By enhancing the capacity of educators with high-quality digital and non-digital resources, this initiative aims to foster financial competence from an early age.
L-R Arthur Oginga, Group CEO Old Mutual and Prof. Charles Ong’ondo, Director/CEO Kenya Institute of Curriculum Development during the unveiling of a financial literacy online programme, targeting junior and senior school teachers.
Speaking at the launch event, KICD Chief Executive Officer, Prof. Charles Ongondo, praised Old Mutual Group for its commitment to educational transformation. He recounted the success of a pilot programme, conducted in partnership with Old Mutual, which involved 120 Junior Secondary School teachers from 36 schools across Uasin Gishu, Makueni, Laikipia, Siaya, and Kiambu counties. The insights from this pilot were crucial in shaping the programme’s development.
Prof. Ongondo emphasized the necessity of integrating financial literacy into the curriculum, stating, “Financial literacy is a tool for empowerment and teaching it in schools is no longer an option but a necessity to equip learners with the knowledge needed for a successful future.” he stated
Old Mutual Group CEO, Mr. Arthur Oginga, highlighted the importance of financial management skills for national growth and development. He reiterated Old Mutual’s commitment to the initiative, part of their broader “Learn. Think. Do” (LTD) strategy, which aims to promote sustainable and responsible financial well-being among Africa’s youth.
L-R Arthur Oginga, Group CEO Old Mutual Group, Jackson Musila, Teacher Utafiti Day & Boarding Junior School Makueni and Prof. Charles Ong’ondo, Director/CEO KICD during the unveiling of a financial literacy online programme, targeting junior and senior school teachers.
The programme’s milestones include the development of integration matrices and guidelines in 2021, online orientation courses for teachers in 2022, and the pilot programme in 2023. A financial literacy toolkit for learners was also introduced in 2024. The online programme, accessible via the Elimika platform, will initially serve junior school teachers, with senior secondary school teachers being included from 2026.
Prof. Ongondo noted that the online platform would significantly enhance curriculum delivery, stating, “We are delighted to launch this online programme, which will equip teachers across Kenya to rapidly integrate financial literacy elements into their practice.” said Prof. Ongondo
Mr. Oginga underscored the alignment of this programme with Old Mutual’s community investment strategy, which focuses on financial education and literacy. He also introduced Old Mutual’s Lengo Education plan, a long-term savings product offering life cover and emergency savings benefits, aimed at supporting education investments.
The collaboration between Old Mutual and KICD exemplifies the vital role of private sector partnerships in achieving national educational goals, with this programme poised to make a lasting impact on Kenya’s financial literacy landscape.