The New ACI Financial Markets Association executive committee led by Benoni Okwenje - (Far Right)
Industry Social

ACI Uganda introduces initiative to drive financial literacy among disadvantaged communities

ACI Uganda, The Financial Markets Association (ACI), a global body that represents interests of the financial markets community has announced a partnership with its members as well as different stakeholders to give back to the community.

This was during the ACI end of year engagement held at the Golden Tulip in Kampala last week. ACI Uganda’s membership consists of dealers in the treasury departments of commercial banks. The members, through the 24 commercial banks in the country, drive market growth, awareness and development.

Speaking at the dinner, the recently reappointed ACI Uganda Chairman Benoni Okwenje who is also the Stanbic Bank Uganda’s Head of Fixed Income said, “As an association, we believe extending kindness to the community is the only investment that never fails. We were given two hands, one to help ourselves and the other to help others. In 2016, we were able to raise Shs34 million for the Bless a Child Foundation, a home for children living with Cancer.

“This year, we believe it is time to give back again.  We have picked Salama School for the Blind because most of the children cannot afford specialized scholastic materials. TFK-Read-Write School clubs, on the other hand is instrumental in raising the deteriorating reading and writing culture throughout Ugandan schools.

The Salama School of the Blind Head teacher and Co-Founder Francis Kinubi said, “Books and other scholastic materials for the blind at all levels of education are hard to come by in Uganda. For example, prescribed reading materials for Literature in English are not translated to braille.

“So, for a student to pass they have to copy these books into braille manually which is tedious. In addition, most parents of our blind students are poor and therefore cannot afford these resources. We are grateful to ACI for taking the initiative to support our students so they can access these materials and perform better in their studies.”

TFK-Read-Write School Clubs Patron Director Frank Kabushenga added, “We have carried out several projects over the years which include, setting up read and write clubs in a dozen schools, providing reading materials to the club and the publication of various books by local writers and more. This support from ACI will ensure that we realise our dream of rolling out this programme across the entire country.”

Incorporated in 2015, ACI Uganda serves Uganda’s financial sector and is affiliated to ACI Financial Markets Association, the global body established in 1955 that is focused on enhancing best market practice and supporting financial market participants to adhere to principles of ethical conduct.