Safaricom, Old Mutual, and KICD launch financial literacy toolkit for Kenyan schools
Old Mutual GCEO Arthur Oginga, Winrose Rono, Kenya Institute of Curriculum Development (KICD) Deputy Director Primary Education and Safaricom PLC Chief Financial Services Officer Esther Waititu during the launch of the Financial Literacy Learners Toolkit at MPESA Foundation Academy.
Nairobi, November 20, 2024 – Safaricom’s M-PESA Go, in partnership with Old Mutual and the Kenya Institute of Curriculum Development (KICD), has launched an online financial literacy toolkit aimed at junior and senior school learners. This initiative seeks to embed financial literacy into school curricula, equipping young Kenyans with essential financial skills for a secure future.
The toolkit, which follows the June launch of a teachers’ training platform, offers interactive sessions and gamified digital experiences, enabling students to engage directly with financial professionals. The program is designed to foster practical learning, empowering learners to make sound financial decisions from an early age.
Speaking at the launch, Esther Waititu, Chief Financial Services Officer at Safaricom PLC, highlighted the critical role of financial literacy in Kenya’s rapidly evolving digital economy. “Kenya’s youthful population plays a major role in economic growth. By building their financial capabilities, we lay the foundation for a financially healthy society,” said Waititu. She emphasized that early financial literacy equips young people to save, invest wisely, and avoid fraud or predatory practices. M-PESA Go, which caters to users aged 13–17, complements the initiative by offering tools for savings, transactions, and financial wellness.
Old Mutual Group CEO Arthur Oginga underscored the importance of instilling sound financial habits early. “Without proper preparation, we risk perpetuating financial instability for future generations. This toolkit reflects our commitment to nurturing financial resilience and wellness among young learners,” said Oginga. He also lauded the collaboration between Old Mutual and Safaricom as a model for leveraging innovation to create impactful community solutions.
The initiative aims to mainstream financial education through Kenya’s existing school curricula. Learners can access the toolkit on the M-PESA Go and Old Mutual websites, making financial literacy resources widely available.
By prioritizing digital innovation and financial education, the partnership seeks to create a generation of financially savvy youth who can contribute to Kenya’s economic growth while fostering personal financial stability.
