Botswana Savings Bank and Old Mutual Botswana jointly hosted a press conference on Thursday 21st November, at the BSB Head Office in Gaborone, to officially launch their strategic partnership to deliver the Old Mutual “On the Money” Financial Education programme” to consumers.

The partnership is a commendable milestone for both institutions as it further reinforces their financial inclusion mandate and outreach strategy aimed at providing employees and consumers with simple and easy access to financial education.

“Today’s launch marks a pivotal milestone in the history of the bank, as it finally achieves its goal of promoting financial literacy in Botswana” cited BSB CEO Nixon Marumoloa. “Botswana Savings Bank is committed to enabling positive futures for all members of the communities in which we serve. We are therefore excited to offer our clients FREE financial education, through our partnership with the Old Mutual “On the Money” financial education programme “emphasised Marumoloa.

Speaking at the event, Group CEO of Old Mutual Botswana Gerald Randall said, “We are pleased to avail this program to consumers through our partnership with Botswana Savings Bank. As an organisation giving back to the communities in which we operate is a core pillar of how we do business. We believe that financial education should be accessible to all”.

The Old Mutual “On the Money” financial education programme is a financial education initiative created to provide individuals and communities with advice on how to best manage their finances. BSB has a mandate to provide affordable financial services to the nation and most importantly take a lead in financial inclusion. Financial Inclusion remains a priority area and is consistent with the Botswana Savings Banks core mandate of inculcating a culture of savings amongst Batswana, as well as providing affordable financial banking solutions. This joint initiative was driven by the Banks commitment of consumer education.

The absence of financial literacy can lead to poor financial decisions and poor planning. To avoid the poor decisions, financial education is used to empower individuals with a set of skills and advise that allows them to make informed and effective financial decisions.

The collaboration between BSB and Old Mutual is expected to deliver free financial education to thousands of consumers across the nation.