RBM launches Financial literacy and capability Strategy

Reserve Bank of Malawi RBM has launched the 2024-2030 financial literacy and capability strategy.

The strategy aims at encouraging Malawians to be economically independent

In his speech governor for RBM Dr Wilson Banda says financial literacy is the critical pillar in achieving Malawi 2063 vision because it empowers communities to contribute to economic growth and development.

Speaking during the launch, acting head of mission for Germany Dr Andreas Haman says his government is working with Malawi to improve, secure and strengthen the future of its economy.

President of Bankers Association Dr Phillip Madinga says percentage of the elderly who have finance has risen from 44 to 88 percent which is more than they expected.