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Education Centre

Youth Savings and Entrepreneurship key to development

In a country currently characterized by economic slowdown, there is need for the country to adopt strategies that have the potential to uplift youth and empower them to become self-sufficient. Two of the most important strategies for youth empowerment are savings and entrepreneurship. Youth savings programs are meant to encourage and promote positive savings behavior.

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Banks: The Engine that drives the economy

Banks have come a long way from the temples of the ancient world, when they played a pivotal role in keeping empires and countries afloat. Although history has altered the finer points of the business model, the bank's purpose, for a long time, has remained that of protecting depositor’s money and lending those in need of funds for projects.

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Are All Financial Innovations Good?

In looking at financial innovation over time, it is natural to ask if it is good or bad. Does all innovation make us better off? This is a difficult question, because it is very difficult to measure the benefits or the costs of particular innovations at the time they are concieved. 

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A Case for Encouraging Youth Savings

The rationale behind the need for customized savings products for youth is straightforward: youth savings can promote asset-building, instill good financial habits in youths and improve a country’s overall gross savings rate. 

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Role of Banks in Strengthening International Trade

International Trade shapes our everyday lives and the world we live in. In nearly every instance that we make a purchase or sale, we are participating in the global economy. Whole products and or their component parts come to our store shelves from all over the world.

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Savings key to National Development

Saving entails setting a fraction of income aside for future use, thereby transferring resources over time. It facilitates consumption smoothing, which is particularly important in developing countries where incomes are often at subsistence levels and falls in consumption could have disastrous consequences. 

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Strategies of tackling liquidity problem

The notion of liquidity in the economic literature relates to the ability of an economic agent to exchange his or her existing wealth for goods and services or for other assets. In this definition, two issues should be noted. First, liquidity can be understood in terms of flows (as opposed to stocks), in other words, it is a flow concept.

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The Case for Strengthening Value Chain Linkages

Economic relations of production, distribution and employment tend to fall at some point on a continuum between formal sector at one pole and the informal sector at the other, with many categories in between.

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The Complementary Role of Credit Reference Bureaus

A Credit Reference Bureau is an organization that gathers and maintains data on the credit history of individuals, businesses and organisations, and makes this information available to relevant users. These bureaus also collect the personal details of the borrowers including name, address, occupation and contact address.

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The Role of key Players in Financial Literacy

In recent years, financial literacy has gained the attention of a wide range of major financial institutions, government agencies, grass-roots consumer and community interest groups, and other organizations.

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