. think about how you can provide them with an opportunity to invest in a broad range of assets at affordable cost. i have little doubt in my mind that as you take up this challenge, you will be able to create financial stability by being a good investment manager to this segment of investors. i have been informed by the chairman of equity capital resources ( ecr ) plc that the company intends to list ecrut on the stock exchange in the near future. when this commendable intention is achieved, ecrut will be the first collective investment scheme to be publicly traded on the stock exchange in zambia. with the calibre of men and women behind this investment vehicle, i am confident this will be achieved in the required time frame. when that time comes we want to turn back to this day and say “ we were part of the birth of ecrut ”. the existence of the ecrut shall provide means of resource mobilisation, bringing on board a collection of individual participation in the capital and money markets. this vehicle will facilitate the participation of investors who previously were not capable of participating in highly denominated securities in the financial sector. ladies and gentlemen, before i end my speech, let me quickly touch on an important aspect of collective investment schemes, that is, investor confidence in the managers and the industry itself. i believe by far this is the most important factor in whether a scheme can attract and maintain long - term investors. there must be a strong regulatory framework. whereas there is a strong regulatory body in the securities and exchange commission that vigorously administers the law to protect investors, fund managers must be committed to strong self - regulation and exercise professional ethics to the best interests of investors. this, chairperson, is fundamental. it now gives me great pleasure to officially launch the ecrut scheme. thank you.

denny h kalyalya : protect your money, secure your future speech by dr denny h kalyalya, governor of the bank of zambia, at the launch of the 2024 financial literacy week, lusaka, 18 march 2024. * * * the minister of finance and national planning, hon dr situmbeko musokotwane, mp, represented by the permanent secretary for economic and financial management, mr. denies chisenda the permanent secretary for technical services, ministry of education, mr. joel kamoko all senior governmental officials, present the chief executive officer, securities and exchange commission, mr. phillip chitalu the registrar of pensions and insurance authority, mrs namakau ntini the chairperson of the bankers association of zambia, ms lowani chibesakunda all chief executive officers of financial services providers all cooperating partners boys and girls distinguished invited guests members of the media ladies and gentlemen good morning i am pleased to extend a warm welcome to you all for joining us for this year's launch of the public awareness campaign for the financial literacy week activities, scheduled for 18 to 24 march 2024. the campaign will be marked by a variety of activities, such as, public exhibitions, debates, and media programmes that will be conducted by financial institutions and stakeholder partners in all the ten provinces of our country. distinguished guests, the theme for this year, " protect your money, secure your future, " aligns with the official theme for global money week 2024 and has been adopted by financial literacy week in zambia. this theme emphasises the importance of adopting a responsible and security - conscious approach to managing personal finances, by being mindful of potential risks in the financial sector and safeguarding one's hard - earned money. these risks include financial scams that include fraud, 1 / 3 bis - central bankers'speeches pyramid schemes, cyber - attacks, and identity theft. limited financial literacy and awareness about safe usage of digital financial services increase the likelihood of individuals falling victim to these risks. with the increased usage of digital financial services, financial scams have also increased. as financial sector regulators and services providers, we are obliged to disseminate information about the risks that may be associated with different types of services and products in order to increase public awareness on how to save, borrow, and invest financial resources safely in an increasingly digitised environment. therefore, i urge financial service providers and stakeholders to join the'go cashless'campaign, which the boz