Equiti Group in Africa: FXPesa opens financial education center in Uganda

Rick Steves

“FXPesa’s expansion into Uganda is in line with Equiti Group’s global growth strategy and investment in Uganda and the rest of Africa. As we expand our operations across Africa, we remain committed to providing accessible and reliable financial knowledge to communities across the continent.”

Equiti Group has announced that FXPesa, the retail trading name of Kenyan subsidiary EGM Securities, has opened its first financial education center in Uganda.

The new FXPesa Academy is on the 7th Floor of Lumumba Avenue’s Rumee Building in Kampala and will primarily focus on providing quality and free financial education seminars and money management training.

The financial education center will also offer a wide range of valuable tools to improve Ugandan’s financial literacy levels and empower them with practical skills to access and trade on the global markets.

FXPesa delivered education to over 500,000 people in East Africa

Training and support will be provided by a team of FXPesa professionals based in Kampala, backed by Equiti Group’s global team of experts with the required depth of knowledge and expertise. Over the past few months, FXPesa has delivered financial education to over 500,000 people in other locations in East Africa.

Equiti Group is a renowned fintech firm that provides online technology for trading forex, ETFs, shares, indices, commodities, and futures as CFDs (contracts for difference). The company operates several regulated entities across Europe, the UK, the Middle East, Africa, and the Asia Pacific region.

FXPesa is operated by EGM Securities Ltd, an Equiti Group subsidiary regulated and licensed by Kenya’s Capital Markets Authority.

FXPesa Academy in Kampala as an entry point into Uganda

Moonika Jurgenfeldt, Commercial Director for Equiti Group in Africa, said: “We are proud to launch FXPesa in Uganda and to support the country’s initiatives to uplift the quality of life for its people through improved levels of financial literacy.

“Through FXPesa’s education programmes, we want to equip Ugandans to make informed financial and economic decisions that improve their income levels and drive economic growth. We plan to use our new FXPesa Academy in Kampala as an entry point into Uganda. We want to build on its success and expand to other locations in this great country to provide more Ugandans with the same opportunity.

“FXPesa’s expansion into Uganda is in line with Equiti Group’s global growth strategy and investment in Uganda and the rest of Africa. As we expand our operations across Africa, we remain committed to providing accessible and reliable financial knowledge to communities across the continent.”

Far left: Samwel Kiraka, CEO of EGM Securities / FXPesa, Norbert Kiiza – Education Lead for FXPesa Academy in Uganda, Norbert Mashauri, Senior Business Development Manager for FXPesa in Uganda, James Wesonga – Business Development Manager (wearing a cap) and Ms Moonika Jurgenfelt – Commercial Director for Equiti in Africa.

Norbert Kiiza Barigye, Education Lead for FXPesa Academy in Uganda, said: “We are thrilled that FXPesa Academy chose Uganda to launch their latest centre in Africa.

“Ugandans are very excited at the opportunity to learn more about financial literacy related to improving their wealth. The learnings will include risk controls, how to generate income by online trading and the convenience of safe deposits and withdrawals using mobile money.

“The numerous programmes offered by FXPesa will empower Ugandans with the right tools – as well as knowledge – to take sustainable decisions in the financial markets space.”

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