Reserve Bank of Malawi to conduct financial literacy week

The Reserve Bank of Malawi (RBM) in conjunction with other stakeholders in the financial service management will hold first ever financial literacy week  between December 9 and 10 at Comesa hall in Blantyre..

Its first of its kind in the country for the central back to hold the financial literacy week to provide awareness to people on financial products and services so that they are empowered to make sound decisions in terms of finances MARKETS.

Speaking to journalists in Blantyre , RBM acting director microfinance and capital markets supervision Hastings Mzoma said :“This financial literacy week is of its kind to happen in the country want to inform the public on the benefits of effective finance management and also promote awareness of products services offered to the public.”

Mzoma said during the week, they will open up clinics to address question arising from the financial sector.

Flashback;Reserve Bank of Malawi diirector of banking and supervision,Eldin Mlelemba officially unveiling a plaque at the opening of the Nedbank branch in Mzuzu

“We have planned that each industry will have its own day and specific activities and the public will be able to ask questions and raise any query they have concerning such particular industry,” he said.

He added that among the financial issues that will be discussed during the week include awareness on capital markets, banking industry, micro finance, and insurance and general issues.

The financial literacy week is expected to be launched on Monday by the finance minister of finance Dr Maxwell Mkwezalamba.

South Africa and Ghana are among the African countries that hold financial Literacy week.

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