By Kiyimba Bruno
Standard Chartered Bank has today ended a two day entrepreneurs’ workshop at Hotel African.
The workshop that was lead by Mr Andy Halford, the Bank’s chief financial officer had over 50 entrepreneurs in attendance.
The training which was conducted under the theme “Education for entrepreneurs” aimed at building financial capacity on non client micro and small businesses in our communities. It was also delivered to micro and small businesses through employee volunteers. The curriculum covered topics of cash flow management, budgeting accounting and business planning.
Education to interpret siren was piloted in three markets for instance; Uganda, Malaysia and Singapore, then rolled out to five additional markets in 2014 where they trained 835 non client micro and small business owners across eight markets. 272(33%) of these were women.
During this training, Andy Halphod emphasized why standard chattered bank focuses on financial education.
“In order to share our skills and be responsive to the requests of governments and regulators,we developed a community focused financial education programme”, Andy said.
According to Dr Robin Kibuuka, the bank’s board chairman, they are supporting local economic developments by providing financing and training to youths and micro as well as small businesses.
Dr Robin continued to say that financial education provides individuals with the skills to take control of their finances and to protect themselves from predatory banking patience.