The Teachers Service Commission (TSC) and Equity Bank have joined hands to promote financial literacy among teachers and also enhance Kenya’s saving culture.
This initiative will include training for newly recruited teachers, equipping them with the skills to manage their incomes effectively and in turn, instill saving habits in students from an early age.
Speaking at the TSC head office in Upperhill, Nairobi, TSC Chairman Dr Jamleck Muturi said the programme will start with teachers joining the service in January.
“Teachers joining TSC in January will undergo financial literacy training and I call on Equity Bank to support the TSC in facilitating the course,” he remarked.
Further, Dr Muturi insisted that Kenya’s saving culture can be improved through inclusion of financial literacy in the school’s education curriculum.
“Ugandans and Tanzanians are saving more than Kenyans and that is why we want to introduce financial literacy training from PP1 so that when a child is, for instance given 5 sweets , they keep one, if given five biscuits, they keep some for the next bite,” he illustrated, adding that the teachers will be recruited in January to join the current 415,000 permanent and pensionable teachers and the 20,000 others employed under internship.
“When we recruit the 24,000 teachers, we shall call on Equity to jointly train them on how to manage their incomes,” he reiterated.
The TSC Chair also received a Sh10 million donation from Equity Bank Kenya Managing Director (MD) Moses Nyabanda in support and commemoration of the World Teachers Day celebration, held on Sunday, October 5,2025.
“We are proud to stand with you as teachers, and today we are here to commit resources to walk with you,” assured Nyabanda, citing the bank’s vast network of 220 branches countrywide which are prepared and ready to walk with the teachers as they settle in their communities.
Further, the MD congratulated TSC for making World Teachers Day a significant celebration of the achievements of teachers, who have imparted essential skills to pupils and students, making Kenya stand out in Africa.
“In Kenya, we recognise various other achievers but sometimes fail to celebrate the real heroes of Kenyan society—the teacher, who is the true hero. Teachers have made us who we are,” he remarked.
Therefore, according to Nyabanda, Equity is set out not just to bank teachers but to transform their lives to fully fledged entrepreneurs in addition to their profession with the multiplier effect that follows creating wealth.
In a quick rejoinder, Dr Muturi additionally highlighted the vital role teachers play in shaping professionals, stating, “A teacher is like a candle that consumes itself to provide light to everyone in the process. No doctors, engineers, lawyers, or architects have not passed through the hands of a teacher.”
In his remarks, TSC Director for Administrative Services, Ibrahim Mumin, also expressed gratitude to Equity Bank for its support in celebrating teachers.
He noted that the bank is a leader in the financial services industry, serving over 90,000 teachers.
“Thank you for giving all these teachers a shoulder to lean on,” said Mumin.
By Michael Omondi
