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gossip lanka news line
gossip lanka news line
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Room to Read and Colombo Stock Exchange ring the bell on behalf of Education
On behalf of the ‘International Day of Education’ which was celebrated on the 24th of January, Room to Read Sri Lanka partnered with the Colombo Stock Exchange to ring the opening bell for trading. Room to Read marks this occasion as it approaches a significant milestone of transforming the lives of 40 million children across the globe through quality education in 2024.

Room to Read is a global nonprofit organization which creates a world free from illiteracy and gender inequality. It achieves this goal by helping children in historically low-income communities develop literacy skills and a habit of reading through its Literacy Program, and by supporting girls in secondary education with life skills and financial literacy via its Girls’ Education Program, as they build skills to succeed in school and negotiate key life decisions. It collaborates with governments and other partner organizations to deliver positive outcomes for children at scale.

Addressing the gathering, CSE’s Chairman, Dilshan Wirasekara mentioned that “We at CSE, believe that an increase in the level of financial literacy can contribute to the improvement of rationality in investment decision making which will ultimately contribute to the overall development of the economy. The Colombo Stock Exchange Education Academy was formed in this context, to institutionalize financial education in Sri Lanka.”

He went on to say, “We are proud to be one of the key institutions that drive financial education in Sri Lanka. Established in March 2023, CSE Education Academy has undertaken numerous successful initiatives in recent years and aims to continue advancing financial awareness among the general public with special attention to youth so that we may cultivate the minds of tomorrow’s investors.”

Keynote speaker Shevanthi Jayasuriya, Country Director of Room to Read Sri Lanka emphasized on how this year, Room to Read Sri Lanka will focus largely on scale up and system integration with the support of the Ministry of Education, beyond conducting their regular programs in under-resourced communities.

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Serendib Flour Mills launches fortified ‘Adi Shakthi’ flour in Kandy
Serendib Flour Mills, fuelled with the purpose of nourishing the nation, launched its new ‘Serendib Adhi Shakthi Fortified Wheat Flour’ – a micronutrient-fortified wheat flour exclusively aimed at plantation communities in Kandy recently.

Introduced in November last year, the new Serendib Adhi Shakthi flour contains essential nutrients such as Iron, Folic Acid, and Vitamin B12, and is tailored to meet the nutritional needs of estate communities, mainly to address key nutritional deficiencies and the rising incidence of Non-Communicable Diseases (NCDs).

Serendib Flour Mills working in collaboration with the Plantation Human Development Trust (PHDT), launched the product at the Golden Crown Hotel, Kandy amidst a distinguished presence of guests including PHDT Chairman Barath Arulsamy, Director General Lal Perera and Mahesh Wanigasuriya Regional Director Kandy. Serendib Flour Mills' top leadership, comprising CEO Vijay Sharma,

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Yara Technologies enters the African market, targets rapidly-growing FinTech market
Yara Technologies [“Yara”], Sri Lanka’s premier EdFinTech company, expanded into the African market by partnering with Meus Technologies, Zambia [“Meus”].

This move is strategically aligned with Africa’s rapidly growing FinTech landscape, presenting significant opportunities for Yara to enhance access to capital, especially for the expanding middle class. The company expects the FinTech adoption to be propelled by the enhancing mobile penetration, rising demand for capital among students, employees and the growing entrepreneurs/ SME segment. Currently, in Zambia, the combined consumer loan & educational loan market is close to USD 3 billion per annum, and the collaboration expects to make healthy inroads in this market.