Pension Institutions set aside Ksh3 million to train 10,000 people on financial literacy

Institute of Pension Management (IPM) and the School of Pension and Retirement Studies (SPRS) have partnered to jointly offer financial training to both individuals and corporates in a bid to deepen financial literacy and investment knowledge in the pension industry.

The Institute of Pension Management and the School of Pension and Retirement Studies targets to train over 10,000 people over the next 3 years with an initial investment of KES 3 million.  

“We are greatly honoured to work with the School of Pension and Retirement Studies and synergize our expertise in a training partnership to help expand financial literacy, improve investor knowledge and promote a culture of saving and investing to help people meet their financial and retirement goals,” said Institute of Pension Management Executive Director James Wanyama.

Octagon Africa Group CEO Fred Waswa and School of Pension & Retirement Studies(SPRS) Director Dr Edward Odundo during the MOU signing that will see the two institutions jointly offer programmes and training to deepen inclusion financial literacy.

The MoU will enable the two parties to offer specialized pension industry-driven courses and trainings with a view of developing capabilities of actors in the industry. The first set of training will be held in July 2021.

“Financial literacy training will go a long way in ensuring that we live a comfortable and dignified life. Our goal as partners is to equip participants with practical and applicable knowledge. Financial stress affects the performance and emotional stability of our well-being. We, therefore, urge everyone to take advantage of this training and be equipped with necessary financial knowledge and tools,” said School of Pension and Retirement Studies Director Dr Edward Odundo.

Octagon Africa Group CEO Fred Waswa &School of Pension & Retirement Studies(SPRS) Director Dr Edward Odundo during signing of an MOU to jointly offer training programmes aimed at deepening financial literacy.

The courses and trainings will be offered virtually across East and Central Africa namely Kenya, Uganda, Tanzania, Zambia and Rwanda.

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