Stanbic Bank Uganda hosted its third annual financial literacy session for its clients’ children, a dynamic initiative aimed at equipping young Ugandans with essential financial skills to manage wealth responsibly. The event, held over the weekend in Kampala, brought together nearly 100 participants aged 10 to 20 for an engaging programme covering budgeting, saving, investing, and social etiquette.
The forum reflects Stanbic’s commitment to fostering financial acumen among the next generation, ensuring they are prepared to steward family wealth effectively. Bernice Kamahunde Mvano, Head of Wealth and Investment at Stanbic Bank Uganda, emphasised the importance of early education.
“Wealth endures through knowledge. Our role as trusted advisors extends to empowering our clients’ families, particularly their children, to manage resources wisely,” Mvano said.
A highlight of this year’s session was the introduction of the Stanbic Little Investor Account, a multi-currency savings product designed for children and young adults. Offering up to 6% annual interest, free over-the-counter withdrawals, and plans for debit card access, the account encourages financial discipline and goal-oriented saving.
To open an account, minors under 18 need a birth certificate, a passport photo, and a parent or guardian’s identification, with legal guardians able to apply using a court order. Maria Ssempebwa, a participant, shared her enthusiasm for the programme.
“I used to spend all the money my parents gave me, but this training has changed my perspective. I have opened a Little Investor Account and started saving right away,” she said.
The initiative is part of Stanbic’s broader Women, Youth, and Farmers (WYF) Agenda, a three-year programme running through 2028 to promote inclusive growth. By providing access to capital, skills training, and mentorship, the WYF Agenda targets Uganda’s underserved demographics.
Since its launch in 2023, the youth literacy programme has reached nearly 500 young Ugandans, with plans to expand to regional cities.
