Kenya is set to host the Financial Literacy Opportunity Week (FLOW) from October 26 to 27 in a bid to educate consumers on the financial gap in the market. The event will be held in Kenyatta International Convention Centre (KICC).
The two-day event focuses on improving and deepening financial services and products’ access by a much larger number of Kenyan households and small businesses. It also seeks to create more effective partnerships between the financial services sector players, businesses and government; to encourage increased financial services sector investment for sustainable development; to deliver “shared value”, and to align development and business goals.
The event is expected to draw participants from all walks of life including the ministries, departments and agencies of government, industry champions, banks, insurance companies, Saccos, Capital Markets Authority (CMK), Vision 2030 Secretariat, Unclaimed Financial Assets Authority, Directorate of Criminal Investigations, security firms, ICT firms, financial associations, Kenya Revenue Authority (KRA), Betting Control and Licensing Board (BCLB), Financial Sector Deepening, local and foreign investors, SMEs, universities, corporates, Retirement Benefits Authority (RBA), professional organisations, business associations, media and development partners.
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The concept of shared value delivers outcomes for business in terms of profits/increased return on investment (business bottom-line) and purpose (development impact, poverty reduction). Shared value seeks to demonstrate that there is no conflict between achieving development impact and making a profit.
Stima Sacco, who are the organisers of the event say that the event considers models for partnership between the public and private sectors to improve the financial services environment including: Government supplies reforms, business demands reforms; how to make this equation work better; while drawing on the values, norms and skills of both the private and public sectors.
It will comprise panel discussions with key industry players, Exhibition workshops, Business-to Business and Business-to-Government sharing sessions, and a Gala Award ceremony for the best innovative business pitch within the sector