Octagon Financial Services Spearheads Financial Literacy Week 2024 in Zambia
As Financial Literacy Week kicks off in Zambia, slated to run from Monday, 18 March to Sunday, 24 March 2024, a rallying cry for economic empowerment echoes across the nation.
Led by Octagon Financial Services Limited, a beacon of financial guidance, the week-long initiative aims to illuminate the path to prosperity for individuals and communities alike.
Under the theme “Protect your Money, Secure your Future,” Financial Literacy Week 2024 comes at a critical juncture for Zambia, where chronic low savings rates persist amidst economic challenges.
Phyllis Tiller, Managing Director at Octagon Financial Services Limited, emphasizes the transformative potential of financial literacy in overcoming these hurdles. “Financial literacy is not just about managing money; it’s about securing futures and building resilience,” says Tiller. “Our goal is to empower Zambians with the knowledge and skills they need to make informed financial decisions, thereby enhancing their stability and contributing to economic growth.”
Despite concerted efforts, only 23.6% of Zambian adults are considered financially literate, according to the 2020 FinScope Zambia study. This statistic underscores the urgent need for comprehensive education and outreach programs, which Financial Literacy Week aims to address.
Octagon Financial Services Limited, renowned for its innovative solutions, pledges to lead the charge in fostering financial literacy. Through workshops, seminars, and resources, the company endeavors to equip individuals with the tools necessary for financial preparedness and resilience.
“In times of crisis, such as the current drought affecting Zambia, financial literacy becomes even more crucial,” notes Tiller. “By empowering individuals with proactive planning and resource management skills, we can mitigate the impact of economic challenges and build a more resilient society.”
With a focus on financial planning, saving, and investing, Octagon Financial Services Limited aims to guide Zambians towards a brighter future. By prioritizing clients’ needs and promoting a culture of financial preparedness, the company seeks to ensure long-term prosperity for all.
