THE Reserve Bank of Zimbabwe (RBZ) has intensified efforts to promote financial literacy in rural and marginalised communities, directing all banking institutions and microfinance institutions to submit quarterly updates on their outreach activities starting December 31, 2025.
A strong foundation of financial literacy is critical in helping support various life goals, such as savings for education or retirement, using debt responsibly and running any business.
According to the latest Mid-Term monetary policy review statement presented by Governor Dr John Mushayavanhu, the directive is part of a broader push to deepen financial inclusion and ensure communities are better informed about monetary policy and available financial services.
“The Reserve Bank will increase its financial literacy outreach programmes through various channels to ensure that communities in rural areas and marginalised areas are informed about monetary policy and financial inclusion initiatives,” reads part of the statement.
“Further, effective December 31, 2025, all banking institutions and microfinance institutions are required to provide quarterly updates on their financial literacy outreach programmes to the rural communities,” he added.
Financial literacy is widely regarded as a cornerstone of economic empowerment, equipping individuals and communities with the knowledge to make informed financial decisions, manage resources effectively, and guard against predatory lending practices.
Dr John Mushayavanhu
Experts note that improved understanding of financial products can help rural communities access credit, save securely, and invest in income-generating ventures.
Economist Ms Alice Chikonzi welcomed the move, describing it as a practical step towards bridging the economic knowledge gap.
“This is a significant intervention that goes beyond policy talk. By making financial literacy reporting a requirement, the RBZ is ensuring that institutions are not just opening branches in rural areas, but are actively empowering people with the skills to make the best use of financial products and services,” she said.
The RBZ’s latest directive comes amid growing recognition that the majority of Zimbabwe’s rural population remains under-served by formal financial systems.
Despite significant progress in mobile money penetration and rural banking facilities, knowledge gaps continue to hinder full participation in the financial sector.
By mandating regular reporting from banks and microfinance institutions, the central bank aims to create an accountability framework that not only measures the reach of financial education initiatives but also assesses their impact on community livelihoods.
Financial analysts say the move could also help align rural economic activity with national development priorities, including the transition towards a more cashless, digitally driven economy.
