31 July 2012

Uganda: BoU to Implement Financial Literacy Initiatives

Louis Kasekende, the deputy governor of the central bank of Uganda has said that the bank is in the process of implementing various initiatives towards financial inclusion, which, put in a simple way is about access to a full range of affordable financial services and information, in a secure and convenient manner.

"Due to the national character of these issues Bank of Uganda thought it necessary to spearhead the development and implementation of a strategy for financial literacy as an integral part of financial inclusion," Kasekende said at the Financial Literacy Workshop organised by Bank of Uganda at Hotel Africana on July 31.

He said that this approach will build on existing initiatives, reduce duplication, avoid unintended gaps, enable the different stakeholders learn from one another and provide focus and the basis for rationalisation of any available resources.

Kasekende said financial literacy programmes are avenues through which the population can become financially literate, empowered and equipped to make prudent choices on their personal resources.

Copyright © 2012 The Independent. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.