Supporting financial literacy for over a decade
The Old Mutual Foundation announced the continuation of its sponsorship of the Financial Literacy Initiative (FLI).This initiative aims to enhance financial education and empower individuals across Namibia. The N$200 000 sponsorship per annum, which has been in effect since the initiative's official launch in 2012, demonstrates the Old Mutual Foundation’s commitment to promoting financial literacy and fostering a financially empowered society.
The FLI was initially established in 2009 by the Ministry of Finance and Public Enterprise in collaboration with the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ). The initiative aims to bridge the financial knowledge gap in Namibia by providing accessible and practical financial education to individuals from all walks of life.
With the support of more than 40 platform supporters from the Namibian public, private, and civil society sectors, the FLI has made significant strides in improving financial literacy throughout the country.
Old Mutual Namibia’s Mignon du Preez said: “Old Mutual Namibia recognises the importance of financial literacy in driving economic growth and prosperity. By equipping individuals with the skills and knowledge needed to manage their finances effectively, the FLI plays a pivotal role in building a financially competent society, ultimately leading to greater financial security and improved livelihoods.”
As the FLI enters its next phase, Old Mutual Foundation remains committed to its sponsorship and will continue to collaborate with the initiative's platform partners to drive financial literacy forward in Namibia. By working together, the Old Mutual Foundation, the FLI, and its partners strive to create a society where financial literacy is a fundamental skill, enabling individuals to make sound financial choices and build a prosperous future.