The country’s curriculum developer, Kenya Institute of Curriculum Development (KICD), has partnered with Old Mutual, an insurance company, to commission a Ksh25 million financial literacy online programme for both Junior and Senior School teachers.
The programme, which was unveiled yesterday at KICD headquaters, will enable teachers to embed financial literacy skills in their classroom delivery. It was launched after a successful pilot in six counties and will be complemented by a financial learning toolkit for learners developed in 2024.
The programme is now available for Junior School (JS) teachers, and the one for their senior school counterparts are expected to start in 2026. It was developed in response to the need to mainstream financial literacy education through existing curricula.
According to KICD, in the Competency-Based Curriculum (CBC), Financial Literacy has been mainstreamed in almost all the learning areas; from pre-primary to senior school levels.
Speaking during the launch of the programme, KICD Director and Chief Executive Officer Prof Charles Ong’ondo stated that the online programme was established after KICD and Old Mutual Limited carried out a successful pilot that covered 120 Junior Secondary School (JSS) teachers from 36 schools drawn from five counties; Uasin Gishu, Makueni, Laikipia, Siaya and Kiambu.
He praised the Old Mutual Group for its dedication to transforming societies, and particularly through investments in education.
“The learning gaps that were identifies during our pilot, informed the extent to which Financial Literacy could be infused into other learning areas,” said Prof Ong’ondo during the launch at KICD’s Simba Hall.
He revealed that the online platform for teachers will enhance effective curriculum delivery on financial matters, adding that financial literacy is a tool for empowerment, and that teaching it in schools is no longer an option but a necessity to equip learners with the knowledge needed for a successful future.
On his part, Old Mutual Group Chief Executive Officer Arthur Oginga said the citizens of Kenya need to acquire some skills in financial management for growth and development of the country.
“We are ready to work with all relevant partners in this area to ensure we have a generation of financially sound minds,” said Oginga, suggesting that the programme aligns with Old Mutual’s community investment strategy, which focusses on financial education and skills and literacy programmes, including financial awareness.
Old Mutual invested an initial Ksh25 million in the programme, achieving several key milestones, including the integration matrices and guidelines in 2021, online orientation courses for financial literacy teachers in 2022, and the pilot programme in 2023 along with a financial literacy toolkit for learners in 2024.
The programme can be accessible via the Elimika platform, a cloud-based training portal that enables teachers to hone their skills through capacity building courses in multiple topics.
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