Kenya and Africa for Financially Fit
…18 million new jobs will have to be created each year for the next 20 years across sub-Saharan Africa
The International Monetary Fund (IMF) estimates the number of Africans joining the working age population will surpass the rest of the world combined. To fill this surge, 18 million new jobs will have to be created each year for the next 20 years across sub-Saharan Africa. With one-third of Kenya’s population live below a dollar a day, households are unable to acquire basic necessities such as food or access to services like healthcare.
Financially Fit Africa targets to empower 1000 households in Kenya through Financial training on wealth acquisition and management to enable individuals, families and entrepreneurs come up with market-based solutions that should be a sustainable source of income.
Kenya being a global pioneer mobile money transfers is a testament to its highly innovative and ingenious people. If Financial literacy is introduced as a mandatory subject studied across the education system, Kenya is projected to have a people equipped with necessary financial management skills by 2030.
Previously, Sub-Saharan Africa’s economy was characterized with limited access to microfinances which would have provided seed capital for businesses. Now, with digitization of financial products in the marketplace, access to lending institutions has been made easier as microfinance institutions offer credit to even low-income clients. The challenge however, is with limited access to financial education, households are more prone to living in debt as their borrowing patterns are necessitated with constant need for money.
By enrolling to Financially Fit Africa’s program, learners are able to understand the discipline of wealth creation and its significance to the country if each citizen is empowered. Knowledge is the 21st century currency; by investing in our financial literacy program, you are guaranteed to make informed decisions that move you towards financial freedom.
