ZANACO EYES COPPERBELT ARTISTS FOR FINANCIAL LITERACY
Updated: Feb 24
The world of finance can often seem intimidating and confusing, but it doesn't have to be. This is the message Zambia National Commercial Bank is promoting through their new initiative aimed at promoting financial literacy among artists.
In a recent press release, ZANACO stated that they have recognized the need for greater financial education among artists, who often struggle with managing their finances due to the unpredictable nature of their work. To address this issue, ZANACO has launched a series of programs and workshops aimed at helping artists understand the basics of personal finance, including budgeting, saving, and investing.
As part of the initiative, Zanaco has several artists who are poised to benefit from these programs and have seen significant improvements in their financial well-being. For example, renowned Filmmaker and Cinematographer Ice Morgan have stated that the financial education he's expecting to receive through the program will help him better manage his expenses and plan for the future, allowing him to focus more on his art without worrying about financial instability.
Another artist who expects to benefit benefited from the program is Japhet Lungu, a film school student, and writer who has struggled with financial issues throughout his career. He says that the workshops will help him understand the importance of budgeting and saving, allowing him to make better financial decisions and invest in his career with greater confidence.
The Ministry of Youth Sport and Art behind the initiative have emphasized that financial literacy is essential for artists to thrive in their careers and achieve long-term success. By providing education and resources to help artists manage their finances, the banks hope to create a more financially stable and prosperous community of artists.
The programs and workshops offered by ZANACO are open to all artists, regardless of their level of experience or income. They cover a wide range of financial topics, including tax planning, retirement savings, and investment strategies. ZANACO has also partnered with the Ministry of Youth Sport & Art and advisors from the National Arts Council and relevant Arts Associations to provide one-on-one consultations and personalized financial advice to artists who need it.
Overall, the initiative to promote financial literacy among artists is a much-needed step in the right direction. By recognizing the unique challenges that artists face when it comes to managing their finances and providing them with the education and resources they need, the banks are helping to create a more financially stable and prosperous community of artists.