Old Mutual, Boost in financial literacy drive


Integrated financial services group, Old Mutual yesterday unveiled a partnership with Boost Fellowship that will see the dissemination of its financial literacy programme among students at 10 universities across the country.


To date, over 2 500 people have attended Old Mutual’s On The Money Programme that was launched last year. The programme educates people on sound financial management principles based on the habits of the Big Five animals found in Africa — the elephant, lion, rhino, leopard and buffalo.

Addressing a press conference to announce the partnership with Boost Fellowship, Old Mutual’s group CEO Jonas Mushosho said On The Money was one of the many ways in which his group was contributing towards the revival and restoration of Zimbabwe’s economy.

Boost is a non-profit organisation whose mission is promoting youth productivity “The partnership with Boost Fellowship will help accelerate the dissemination of On The Money Programme in our universities. This will be facilitated through Boost Fellowship’s Enactus programme, formerly known as SIFE (Students in free enterprise).

Enactus is a community of student, academic and business leaders committed to using the power of entrepreneurial action to transform lives and shape a better, more sustainable world.

“Old Mutual’s partnership with BOOST will see 10 universities across the country benefit from On The Money,” said Mushosho.

The universities that will benefit from the programme are Africa University, Bindura University of Science and Technology, Chinhoyi University of Technology, Great Zimbabwe University, Harare Institute of Technology, Midlands State University, National University of Science and Technology, Solusi University, University of Zimbabwe and Women’s University in Africa.

These universities have Enactus clubs where fellows participate in entrepreneurial projects.

Each Enactus chapter has an average of 60 students, which means that at least 600 students will benefit from On The Money in 2015. The fellows annually present the impact they have made in communities before a panel of judges at a national competition held each year. The winner of the national finals will proceed to the World Cup Finals.

Mushosho said the partnership with communities would help spread On The Money to communities that interact with the Enactus fellows.