Nairobi, April 7 -- Kenya has one of the highest levels of financial inclusion in Africa, largely driven by mobile technology. However, gaps in financial literacy threaten to erode these hard-won gains.

News publications are replete with stories of individuals whose lives have been ruined by financial missteps that could have been avoided.

Many of these cases are fuelled by the rapid expansion of financial inclusion, which has given people access to a wide range of financial services.

Today, a mobile phone can enable someone to invest, borrow, shop, and even send money to friends. While this convenience is transformative, it also comes with risks. Without adequate financial literacy, it is hardly surprising that cases of poor financial...