Old Mutual has unveiled an online financial literacy training program targeted at junior and senior schoolteachers across Kenya. This initiative, developed in collaboration with the Kenya Institute of Curriculum Development (KICD), aims to integrate financial education into the country’s Competency-Based Curriculum (CBC).
The program, accessible via the Elimika platform, was officially launched following a successful pilot that included 120 teachers from 36 schools across five counties: Uasin Gishu, Makueni, Laikipia, Siaya, and Kiambu. The pilot’s findings underscored the necessity of financial literacy in the curriculum, revealing significant gaps in financial knowledge among educators and students alike.
Speaking at the launch, Prof. Charles Ong’ondo, KICD CEO said, “The learning gaps that were identified during our pilot, informed the extent to which Financial Literacy could be infused into other learning areas. 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.”
The online program is now available to all junior schoolteachers, with senior secondary school teachers onboarded from 2026. According to Old Mutual, the initiative will focus on equipping teachers with the knowledge and skills necessary to manage personal finances effectively, plan for the future, and impart Financial Literacy to their students.
Arthur Oginga, CEO of Old Mutual Group, emphasized the program’s role in equipping teachers with vital financial management skills. “We are, therefore, delighted to launch the online programme, which will equip teachers across Kenya to rapidly integrate financial literacy elements into their practice,” Oginga stated, “We are ready to work with all relevant partners in this area to ensure we have a generation of financially sound minds,” he added.
Old Mutual invested Sh25 million in the program, achieving key milestones over several years: creating integration guidelines in 2021, offering online courses for financial literacy teachers in 2022, running a pilot program in 2023, and developing a financial literacy toolkit for students in 2024. Old Mutual’s investment in this program is part of a broader effort to foster a financially savvy generation.
This initiative is part of Old Mutual’s broader community investment strategy focused on financial education, skills, and literacy programs. By providing teachers with the necessary tools and training, the initiative aims to create a ripple effect, where students across Kenya gain essential financial management skills from an early age.
In addition to the training program, Old Mutual offers the Lengo Education Plan, a long-term savings product that provides life cover and financial relief for emergencies. The plan comes with a life cover equal to the sum of future gross premiums, with a free cover limit of Sh1.2 million. This product, along with the new training initiative, underscores Old Mutual’s commitment to enhancing financial literacy and security among Kenyans.
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