By MUSONDA MANGILASHI –
FIRST National Bank (FNB) has partnered with the Mineworkers Union of Zambia (MUZ) to train members in financial literacy in preparation for their retirement.
Over 200 miners have since been trained on the Copperbelt as part of the bank’s financial literacy programme dubbed ‘Be Financially Smart’ whose aim is to educate Zambians on the importance of managing their finances well.
FNB consumer educator, Humphrey Kalumba said the bank was committed to equipping the public with knowledge on how to be financially smart.
Mr Kalumba said during the launch of the programme in Kitwe that, being financially smart as important in the development of an individual.
He said it was important to prepare workers on how to handle finances while they were still in employment and assured of the bank’s commitment in providing information to members of the public.
MUZ president Nkole Chishimba said partnering with FNB would add value to the wellbeing of miners in areas of personal financial management and enable them to continue contributing effectively to the country’s development even after leaving employment.
Mr Chishimba noted that the key components of the programme were saving, investing, budgeting, responsible borrowing and preparing for retirement.
“ We would like to thank the bank for this initiative, MUZ is reliably informed that for FNB, this forms part of your corporate social responsibility activities which focus on giving back to the communities in which you operate.
MUZ has since started organising meetings in various branches on the Copperbelt to allow more members to take part in the training.