By Our Reporter
The KCCA FC team has been equipped with knowledge on how to manage their finances better. This was during a financial literacy training that was conducted at La Foret Muyenga Resort Gardens on Thursday.
The training which was attended by both the players and technical staff was intended to equip them with skills and knowledge to make informed and effective financial decisions.
In her remarks, KCCA FC’s CEO Anisha Muhoozi reiterated the need to manage finances better especially for footballers whose career span is very short.
“We have a vice as footballers where most of us are not able to manage the money we have. The money we get should not only be utilized for expenses, but also make a saving for a rainy day.” Anisha Muhoozi said, adding that, “we all need information about managing our finances better. Even more so for you the players because your work life as a footballer is short and can also go away easily.”
Using real life examples and demonstrations, Amase Caroline, a facilitator from Be Money Wiser, a firm that offers financial literacy and investment trainings, showed the team how to budget for their finances, save as a group, control their spending habits and also how to manage their loans.
“Learn to spend on paper before the money actually hits your account; have your budget written down. It will help you not to deviate from your plans,” Amase emphasized.
The training was sponsored by Chipper Cash, a financial platform that enables transfer of money across borders.
Speaking during the event, Chipper Cash Country Manager Deo Tumuramye revealed that the training comes as part of their partnership with Italian football club, AS Roma, which aims to unlock more opportunities on the continent.
“The reason we are here for a financial training drill is in part because of our partnership with AS Roma,” Deo Tumuramye explained. “One of the deliverables we agreed on was to produce soccer balls which we have also given out to the KCCA FC team. We also promised to conduct financial drills to encourage financial inclusion of the unbanked and those that are financially illiterate.”
“We are not only focused on the sports fraternity. We will also go out to other sectors to conduct financial literacy classes.” He added.
