Absa Bank Staff To Train 500 Teenage Mother’s, Women In Vicational And Financial Literacy Fields

Posted by: Kyeyune Andrew Jonathan in Uganda news August 27, 2022

Absa Bank Uganda staff members have embarked on a journey to skill over 500 teenage mothers and women. Those to benefit include central, West Nile and Albertine regions of the country.

The beneficiaries will receive skills in financial literacy and other skills necessary for starting a business or getting employment.

There will also be a handover of 25 laptops under the bank’s Women’s Network Forum (WNF) as well. These will help the recipients in various centres to sign up for and benefit from the bank’s Ready to Work Programme.

The program will help them develop work, people, money and entrepreneurial skills.

“For a majority of teenage mothers, having a baby more often than not leaves few options for self-sufficiency. With many dropping out of school, opting for early marriages or other vices as safety nets. Through this intervention, we will empower these ladies to continue their journey of education. And obtain the skills they need to navigate the world of work and build a life for their families,” said Irene Mutyaba – Absa’s Corporate Banking Director and Patron of the WNF.

Apparently, a total of 290,219 teenage pregnancies were recorded in Uganda from January to September 2021.

This actually translated to 32,000 monthly according to the United Nations Population Fund’s (UNFPA) fact sheet on teenage pregnancy for 2021[1]

Collectively, the Absa bank staff also raised shs10 million. This will directly go towards the purchase of dry foods to supplement the dietary needs of the mothers and their children.

“We believe that for Uganda and Africa to truly develop, education and skills development will be key to helping our young population get the skills needed to support their employability and self-employability. This is part of our commitment to being a force for good in the communities within which we operate,” Absa’s Mutyaba noted.

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