Stakeholders have agreed to focus their combined efforts on the following five strands, for each of which a dedicated Working Group has developed a limited number of priority activities. Here, we would like to introduce you to the strands and the priority activities.

Financial Literacy in Schools

Since most people tend to develop their attitudes to basic financial matters early, it is necessary to provide children with the knowledge and understanding to develop responsible and well informed attitudes while at school.

Financial Literacy is thus to be incorporated into both the primary and secondary school curricula and promoted through extra-curricular activities (e.g. after school clubs).

Financial Literacy for the Youth

Youth and young adults make up a significant proportion of the Ugandan population. Many of them will have to manage their finances for the first time – but will have received little or no financial education while at school.

Financial Literacy will thus be provided to university students through foundation or exit courses and well-targeted presentations. With the help of community Financial Literacy mentors, Financial Literacy should moreover be incorporated into the activities of existing youth clubs and associations all over the country.

Financial Literacy through Rural Outreach

Over 80% of Ugandans live in rural areas, many of whom have low and irregular incomes and little access to financial information. It is vital to specifically target this group in order to achieve the vision of a modern country that is set out in the National Development Plan.

Activities under this strand will focus on the provision of Financial Literacy trainings to rural communities, capitalizing on existing trainings and trainers in related areas, as well as on the dissemination of Financial Literacy messages via community based information sharing mechanisms (e.g. community radios, community parliaments, local groups, etc.)

Financial literacy in the Workplace, Clubs and Associations

Employees with serious financial problems can suffer worry, stress and illness, thus becoming less productive at work. Personal financial education can reduce the risk of people developing serious financial problems and thus benefit both employees and employers.

Financial literacy messages in the work place are to be imparted to both formal and informal workers through presentations and trainings held at the workplace. For the informal workers these trainings will be delivered through their associations.

Financial Literacy in the Media

The mass media has the ability to reach a wide audience – and give them the opportunity to provide feedback to what they hear. Radio in particular is affordable and accessible to many – even those excluded from other communication channels.

This website has thus been developed, including a range of information, guides, budget planners, calculators, tips, warnings and games. Financial Literacy-related contents in newspapers and magazines will be increased, Financial Literacy messages will be spread via the radio and new media will be used to support other initiatives.

Copyright © 2013 This website is part of the Strategy for Financial Literacy in Uganda, supported by Bank of Uganda