Restless Development Zambia has been awarded with a Governor's Recognition Award for their fantastic work in Financial Education. Yet again they have been recognised as the Civil Society Organisation in Zambia leading on youth led financial literacy work, for both in school and out of school youth.
The role of financial education in Zambia is a crucial one, in a country where only 29% of adults own a bank account, and more than two thirds of people are unfamiliar with basic financial tools such as checking accounts and debit cards.
Restless Development Zambia actively works towards enhancing the livelihoods of young people; empowering young Zambians with knowledge, understanding, skills, motivation and confidence to help them contribute to the household income through entrepreneurship and financial management skills.
Using a peer led approach, in schools, communities and colleges nationwide in Zambia, young people have supported each other in saving, budgeting, securing appropriate bank accounts and managing money. This kind of education is vital in societies where young people cannot rely on the formal job market and school certificates alone to succeed.
Harriet Mwiinga, Restless Development Zambia Country Director, says “I can't echo more how proud I am of my team as they keep on improving on our values. They have worked tirelessly this year to ensure that we keep on demonstrating what it means to invest in young people.”
This work contributes towards achieving economic equality for young people in Zambia, which is also vital to achieve gender equality. When young people are empowered through being self-sufficient, they are in a position to make their own choices and achieve great things.