RBM wraps up financial literacy week in Mzuzu

Reserve Bank of Malawi (RBM) on Friday wrapped up this year’s National Financial Literacy Week whose activities were taking place in the Northern Region city of Mzuzu.

During the week, RBM and financial market players took financial literacy campaign to residential areas and market places disseminating information on the benefits of effective personal finance management practices and promoting awareness of products and services offered by financial markets.

RBM consumer protection and financial literacy chief examiner LanjesSinoya said it is time the bank restrategised on the next move after taking the campaign to all regions since 2013.

He said the central bank seeks to take a less costly approach, observing that this year’s event cost the bank around K80 million.

World Bank has been sponsoring the National Financial Literacy Week through Financial Sector Technical Assistance Project (Fistap).