Maryhill High School from western Uganda emerged victorious in the Stanbic bank National finance literacy contest, last week.
This followed a highly competitive final, in which Maryhill beat three regional competitors; Kibuli SS from Central region, Sacred Heart Girls School from Northern region and Teso College Aloet from Eastern region.
In their winning presentation, the team from Maryhill High School presented a detailed bank simulation project, which looked at how financial institutions can positively transform the societies where they operate.
For their effort, the winners won the grand prize, an all-expenses-paid trip to South Africa. Their school also won a Shs 20m fully installed solar system for classroom blocks.
Congratulating MaryHill High School at the prize giving ceremony, Stanbic board chairman Japheth Katto said, “the team from western Uganda has been outstanding throughout the competition.” “They beat nine schools to win in their region and have carried this form into the finals … they are truly worthy winners and representative of exactly what we were looking for when we started this competition.”
He added that the bank would continue the competition, in which they are looking for teamwork, commitment, and a sound knowledge of how financial institutions make a difference in everyday lives.
The guest of honour was the Education director at the Kampala Capital City Authority (KCCA), Juliet Namuddu, who praised Stanbic bank for the initiative.
“KCCA appreciates what Stanbic bank has achieved through this competition, because financial literacy is a very important subject yet it is not extensively taught in most schools.”
She pledged KCCA would continue supporting Stanbic on this and other educational projects which give students the practical life skills necessary to succeed in life.
The 2017 edition of the National Schools Championship was launched in February by Stanbic bank in partnership with the ministry of Education and Sports.
Over 3,000 students from 40 secondary schools participated in a series of increasingly difficult educational challenges including class debates, regional quiz competitions and finally the bank simulation project.