16 June 2017

Africa: CRDB Calls for Investment in Children As Africa Marks International Day of African Child

Dar es Salaam — CRDB Bank is sensitizing the importance of investing in the future of kids as it joins the rest of the continent in commemorating this year's International Day of the African Child.

International Day of the African Child has been celebrated on June 16 every year since 1991, when it was first initiated by the Organisation of African Unity.

It honors those who participated in the Soweto Uprising in 1976 on that day. It also raises awareness of the continuing need for improvement of the education provided to African children.

In Soweto, South Africa, on June 16, 1976, about ten thousand black school children marched in a column more than half a mile long, protesting the poor quality of their education and demanding their right to be taught in their own language.

Hundreds of young students were shot, the most famous of which being Hector Peterson. More than a hundred people were killed in the protests of the following two weeks, and more than a thousand were injured.

The CRDB Bank managing director, Dr Charles Kimei, said at his office in Dar es Salaam that under the theme of: "Invest in Education with Junior Jumbo", the bank is putting special emphasis on its 'Junior Jumbo' Account.

Junior Jumbo Account is specifically designed for parents/guardians to save for their children's future in areas pertaining to education and world-class health cover. Complete with affordable opening balance, preferential interest rates, absolutely no operation fees, convenience of handing over to the child when he/she turns 18 years of age and simplified account opening procedures, Junior Jumbo seeks to enable children to live to see their dreams.

"As a bank, we have always pay special attention to the need to put an environment that will enable our kids to prosper and live their dreams," he said noting that the bank will also undertake several corporate responsibility initiatives related to education during the commemorations.

The bank, he said, believes in "responsible finance" and that to achieve that goal (that of responsible finance), kids will need to be equipped with financial education. Borrowing some words from an American business magnate, investor, and philanthropist, Warren Buffet, he said: "Teaching kids sound financial habits at an early age gives all kids the opportunity to be successful when they are adults".


Ecobank's Customer Innovation Reaps Rewards

– Ecobank has secured wins in two categories at the Retail Banking Awards in London. The leading pan-African bank… Read more »

Copyright © 2017 The Citizen. 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 800 reports a day from more than 140 news organizations and over 500 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.