KCB Rwanda takes financial education campaign to schools

Kenya Commercial Bank Rwanda (KCB Bank) has stepped up efforts to increase financial inclusion in the country.

Tuesday, March 15, 2016
KCB Rwanda's Managing Director talking to SOS students during global money week celebrations in Kigali yesterday. (Peterson Tumwebaze)

Kenya Commercial Bank Rwanda (KCB Bank) has stepped up efforts to increase financial inclusion in the country.

The bank yesterday rolled out a campaign to boost financial education as part of its financial inclusion campaign.

More than 20 students from SOS Technical School were trained in financial skills.

The campaign is also part of the bank’s efforts to celebrate the Global Money Week which commenced yesterday.

SOS students visiting KCB Bank Rwanda. (Peterson Tumwebaze)

The 2016 Global Money Week (GMW) is a celebration, with local and regional events and activities aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment, and becoming an entrepreneur through interactive and fun activities.

In Rwanda, the event is being organized and supported by KCB in partnership with the Child and Youth Finance International (CYFI).

KCB partnered with AIESEC in this global money week as prime sponsors.

Globally the event is designed to promote financial education and financial inclusion to 10 million children in 140 countries.

According to the Managing Director of KCB Rwanda, Maurice Toroitich, saving must be emphasised as a culture right from the grass root level.

"Saving is the foundation of investing and provides a cycle for economic growth,” Torotich said.

The idea is to be able to build a generation and a culture among students that understands what savings and banking is about. These in future become our employees or customers but most importantly agents of change in the country’s financial literacy agenda, Toroitich added.

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