“World Savings Day Spotlight: Zambia Honors Financial Literacy Leaders”

By Daily News reporter

Lusaka’s financial community gathered in anticipation and pride as the Financial Literacy Awards Ceremony unfolded. Hosted under the auspices of the Bank of Zambia (BOZ) Insurance Association of Zambia (IAZ) and Pensions and insurance Authority (PIA) the event was graced by the presence of Governor Dr. Denny Kalyalya, who emphasized the critical role of financial education in shaping a resilient economy.

This year's theme “It's not just a saving, it's your life,” is a reminder that saving is more than just a figure in your account: it is a tool for financial freedom and resilience. Simply put, your savings are your first line of defense, creating a safety net for life's unexpected moments.

Speaking the award ceremony in Lusaka Bank of Zambia Governor Dr. Denny Kalyalya stated “This award is a testament to our continued commitment to fostering the growth of the pensions industry, promoting financial literacy, and encouraging a culture of saving and financial inclusion across Zambia”

He further said that It inspires financial institutions to keep innovating and to design impactful engagements that benefit pension fund members and citizens at large — empowering them to achieve meaningful retirement outcomes and a more secure tomorrow.

And Pensions and insurances Authority (PIA) Registrar & CEO, Ms  Namakau Ntini also added that the awards, held as part of World Savings Day 2025, recognized institutions that have gone beyond traditional business practices to champion financial literacy among Zambians.

Ms Ntini also highlighted this year's theme “It's not just a saving, it's your life,” that is a reminder that saving is more than just a figure in our account: it is a tool for financial freedom and resilience. Simply put, our savings are our first line of defense, creating a safety net for life's unexpected moments.

“The ceremony is not just about accolades—it is a testament to the growing movement that places knowledge at the heart of financial empowerment.” Ntini said.

Representatives from the winning institutions echoed a common theme: collaboration. They stressed that financial literacy is most effective when insurers, banks, schools, and communities work together. Campaigns during Insurance Week and innovative programs across Zambia have already begun to shift mindsets, encouraging citizens to embrace savings and responsible financial habits.

The Financial Literacy Awards Ceremony was more than a celebration—it was a call to action. With Zambia’s youth forming the majority of the population, the need for accessible, engaging, and practical financial education has never been greater.

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