ADDIS ABABA – The National Bank of Ethiopia (NBE), in collaboration with the Mastercard Foundation and First Consult, launched a Standardized National Financial Education Module on Thursday, aimed at enhancing financial literacy among the youth and small and medium-sized enterprises (SMEs).
According to Ethiopian News Agency, Senior Advisor to the Vice Governor of NBE, this initiative seeks to promote financial inclusion and educate young people and SMEs on managing loans and sustaining their businesses effectively. The module, part of the National Financial Education Strategy, covers a broad spectrum of financial topics, including savings, digital banking, and insurance, and targets to reach 75 percent of youth and SMEs by 2025. Samuel Yalew, Mastercard Foundation Ethiopia Director, highlighted the module as a crucial step towards building a financially informed society, while First Consult Managing Director Nebil Kellow emphasized the importance of financial education in enabling prudent financial decisions for long-term prosperity.