Eswatini Daily News
Bank e-Learning Education Finance National Sponsored

Central Bank developing financial literacy strategy

By Ntombi Mhlongo

A National Financial Literacy Strategy is currently being developed by the Government of Eswatini in collaboration with the Central Bank (CBE), the Financial Services Regulatory Authority (FSRA), and other relevant stakeholders.

The stakeholders include those in the private sector. This was communicated by the CBE which highlighted that the strategy seeks to pioneer a comprehensive, sustainable, and effective range of financial literacy programmes in the country.

The CBE mentioned that the roll-out of the strategy will benefit individuals, financial service providers, and the Kingdom of Eswatini at large. The benefits to individuals will include helping them manage their finances well plus ensuring that more people are included in the financial cluster.

Another benefit articulated by the CBE is that the roll-out will ensure that consumers can compare financial products before buying them.

“There will be a larger market to compete in. Consumers will be better informed about available financial products,” the CBE highlighted.

Meanwhile, for the Kingdom of Eswatini as a whole, the benefits will include improved financial inclusion as more consumers use financial products.

It will also ensure the alleviation of poverty through increased financial literacy.

Related posts

South Africa’s President briefs China’s Xi on African Russia-Ukraine peace plan


Number of registered voters hits 100 000 mark


Five emaSwati to compete for E300k ARISA funding


Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Siyabonga Accept Read More

Privacy & Cookies Policy
Open chat
Connect with the Eswatini Daily News on WhatsApp