On Wednesday, 29th November 2017, Cytonn Foundation, an initiative of Cytonn Investments that focuses on giving back to the society through skill development, held a Private Wealth Management (WMT) and Cytonn Young Leaders Program (CYLP) training at the South Eastern Kenya University (SEKU) as part of the Foundation’s financial literacy pillar. The University staff were taken through a financial planning training session with a focus on 4 key areas; Budgeting, Debt Management, Savings and Investments in the various asset classes.
Speaking at the event, Maurice Oduor, Investment Manager at Cytonn, noted that personal financial planning aims at getting individuals financially organized so as to utilize their resources in a sustainable manner. “To achieve sustainability, we should treat savings as a mandatory expenditure in our budget,” said Maurice. “If you choose to take up debt for personal growth, you should invest in a worthwhile investment whose rate of return is higher than the rate of interest paid on that said debt,” he added.
In the afternoon session, the University students were taken through the CYLP training. Speaking during the session, Victor Ondiwo, Human Resource Assistant at Cytonn noted, “So far, CYLP has successfully trained over 480 graduates and 52% of the permanent Cytonn Staff went through the program.” “We look for entrepreneurial-minded individuals with a proven leadership capability who can be competitive and deliver to our clients’ expectations,” he added.
Cytonn Foundation focuses on causes that resonate with Cytonn’s values and those that the company collectively cares about. Other initiatives of Cytonn Foundation include; Cytonn eHub, a 12-week training & mentorship programme for young & upcoming entrepreneurs that seeks to enhance knowledge & capabilities on how to run & grow successful enterprises, and Cytonn Summer Associate Program, whose main objective is to provide developing markets hands-on opportunity for professionals interested in making an impact.
