Financial literacy key to sustainable businesses

Old Mutual Investment Group (OMIG) has asked the country’s youth to take interest in financial matters if they are to help businesses grow and meaningfully contribute to the economic development of the nation.

The group’s acting chief executive officer Edith Jiya speaking in an interview with Business News at a financial education programme organised jointly with Junior Chamber International (JCI) Malawi Chapter, said the company believes in investing in financial education.

She said economic empowerment is an important aspect for economic development since financial institutions and businesses are bound to benefit from an empowered and knowledgeable society.

“Our brand essence is about enabling positive futures; hence, we believe that as a business, we need to be responsible to the communities that we are working in.

“It is in this regard that we believe there is need and that it is important to impart skills and knowledge in financial matters to the youth.”

In her remarks, JCI events director Priscilla Chimphinda said their organisation, which aims to share the belief that in order to create positive change, collective action should be taken to improve the country, will stop at nothing to empower the youth in the country.

She said: “Young people are leaders, and if well trained and informed, they have a possibility to make better decisions that can improve the nation.”