BLANTYRE-(MaraviPost)-Old Mutual (Malawi) Limited has reiterated the importance of equipping people with personal finance management skills and knowledge to help them achieve both their short and long-term financial goals.
This was said at the close of a series of financial education workshops conducted across various Malawi Defence Force (MDF) units and other institutions around the country.
Speaking in an interview, Old Mutual Malawi Financial Education Manager Benard Chiluzi said, “The company has so far reached soldiers from the Navy Battalion in Mangochi, Cobbe Barracks and Changalume Barracks in Zomba, MAFCO in Salima, Mvera Battalion in Dowa, Moyale Barracks in Mzuzu, and Chilumba Barracks in Karonga”.
Other civilian institutions included Africa Glabal Logistics, Beit Cure, Malawi Parliament, St Andrews primary school just to mention a few.
According to Chiluzi, the sessions focused on financial planning and investments, with an emphasis on building a culture of smart money decisions.
“These topics, which centre on financial mindset change, savings and investment options, emergency and opportunity funds, retirement planning, budgeting, and debt management, are particularly critical given the current economic environment,” Chiluzi said.
“We aim to equip both soldiers and civilians with practical financial knowledge and skills to help them make informed financial decisions.”
In her remarks, Africa Global Logistics Human Resources Manager Catherine Makokola commended Old Mutual for the workshops, saying they come at a time when many people are facing significant financial challenges.
“There is a great need to empower people with knowledge on how to manage their finances, handle investments, and prepare for retirement.
“Without such knowledge, many people will continue to live under considerable financial stress,” she said.
Old Mutual Malawi is a leading financial services institution with interests in savings, investing, lending, life assurance, and funeral services.
Free financial education is a complementary service offered upon request.