A study conducted by Enwealth Financial Services in collaboration with Strathmore University and released in 2022 has shed light on the saving habits and financial literacy levels of Kenyans. The study indicates that despite a commendable 82% of Kenyans surveyed attempting to save money, only a mere 12% of respondents have successfully established a sustainable savings culture. This disparity suggests a prevalent interest in saving, yet a significant gap in effectively maintaining a consistent saving routine.
In response to these findings, Enwealth Financial Services is gearing up to host Kenya’s inaugural investment forum, an event tailored for individuals seeking to enhance their saving and investment knowledge. The event, titled ‘Unpacking Financial Well-being’, aims to bolster financial literacy, offer insights into promising investment avenues, and bring together key stakeholders from the financial sector. This collective effort seeks to empower individuals on their journey towards achieving financial security.
Scheduled for August 26, 2023, the Investment Expo is set to take place at the Enwealth Business Center situated off Ngong Road in Nairobi. The expo will provide attendees with an immersive exploration of diverse saving and investment options, including pension plans, money market instruments, government securities, stocks, and other crucial aspects of comprehensive financial planning.
The timing of this exhibition is particularly pertinent, as Kenyans grapple with shrinking disposable incomes due to escalating inflation rates and heightened deductions from their salaries. This financial strain has made it challenging for many individuals to meet both current and future financial obligations. The Investment Expo offers a unique opportunity for attendees to glean insights from industry experts and access valuable resources, thereby enabling them to make well-informed financial decisions.
As the country seeks to bridge the gap between aspiration and financial stability, the upcoming Investment Expo, presents a promising avenue for Kenyans to enhance their financial well-being through education and strategic planning.
August 15, 2023
Delino Gayweh
Serrari Financial Analyst
photo source Google
