The Reserve Bank of Malawi (RBM) Monday launched events marking commemoration of this year’s Global Money Week (GMW) for youths to secure early their financial future.

RBM Director for Financial Services, George Chioza, said youths would attain a secured financial future by saving and investing in various forms including in the capital market.

Recent studies by RBM show that the country has a very low score on financial literacy as a 2017 survey on financial capability shows that by age, the highest literacy level was among those aged between 25 and 45 (10%) compared to 10 to 14 (2.2%), 15 to 19 (3.1%) and 20 to 24 (4.1%).

Malawi Stock Exchange (MSE) Operations Manager, Esnart Suleman, said the stock market, as a provider of investment avenue, has also intensified efforts to bring the youth on board.

During the week, RBM visited various secondary and tertiary institutions for financial literacy.