Zimbabwe flag

2018 Zimbabwe Global Money Week

LEADING ORGANIZATIONS:

  • Cultiv8 Africa
  • Global Foundation of Public Speaking
  • Junior Achievement Zimbabwe
  • Reserve Bank of Zimbabwe
  • Stanbic Bank Zimbabwe

PARTICIPATING ORGANIZATIONS:

  • Bankers Association of Zimbabwe, Barclays Bank, CABS, CABS Bank, CBZ Bank, Ecobank, FBC, FBC Bank, Financial and Economic Literacy Trust, Get Bucks, Global Foundation for Public Speaking, Goldridge College, Golix, Image Cube, Inclusive Microfinance, Insurance & Pensions Commission of Zimbabwe, JHM Finance, Junior Achievement Zimbabwe, KFM Consultants, Lion Finance, Lion Finance Limited, Lion Microfinance, MBCA, MBCA Bank, Metbank, MoB Capital, NMB Bank, Old Mutual, People's Own Savings Bank, POSB, Reserve Bank of Zimbabwe, Rising Stars Zimbabwe, Speak Training Consultants, Stanbic Bank, Standard Chartered Bank, Steward Bank, Thrive Microfinance, Ulwazi Trust, US Embassy Public Affairs Section, Virl Microfinance, Yananiso Trust, Youth Mentorship Forum in Zimbabwe, Zambuko Microfinance, Zimbabwe Revenue Authority, Zimbabwe Stock Exchange, 4 media organizations

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 66 857

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 6 737 190

Reserve Bank of Zimbabwe
The Reserve Bank of Zimbabwe hosted students from multiple high schools to explain the functions and operations of the Central Bank. The Bank also participated in activities organized by other stakeholders, including officiating at the High School Global Money Week debate tournament, the Inter-University Debate Competition, as well as presenting at a youth financial inclusion workshop. Because of the urging by the Bank, a number of organizations, including banking institutions, microfinance institutions, financial sector regulatory authorities, and private organizations also participated in the Global Money Week celebrations. Some of these activities include visits to schools to discuss financial topics such as savings, credit, and investments, debates and quizzes, and the sharing of financial literacy information through mass media and social media platforms. Students were also invited to visit some organizations to learn more about banking operations.

Stanbic Bank Zimbabwe
Stanbic Bank GMW2018 celebrations reached over 41,000 people through its various social media platforms. The Bank hosted an essay competition with the theme “Money Matters Matter”. The first placed essay was titled “Money - Oxygen of Human Kind”. Additionally, students at Goldridge College participated in a financial literacy and savings awareness program, delivered by the Kwekwe branch manager. The Bank’s website was transformed into an information hub for GMW related information. The staff members at Stanbic Bank were also involved, writing opinion articles on financial literacy and how it impacts young people.

Junior Achievement Zimbabwe
JA Zimbabwe organized multiple events for GMW2018, including many visits to different banks for children and young people. At the banks, children had the opportunity to tour the bank, during which they learned about different departments and services, and how to make the most of all the facilities. The participants also had the opportunity to attend sessions on savings, spending, and budgeting. Students had an opportunity to visit the Zimbabwe Stock Exchange, which taught them about investments and stocks. In addition, children learned how to buy and sell shares, how companies qualify to be listed, and how to earn profits through trading. JAZ, together with its partners, organized financial literacy workshops in schools. The workshops covered saving, budgeting, spending, 4 P’s (i.e. pocket, priority, price and planet), and investments. The emphasis was placed on promoting financial education and good financial habits. Some students had the opportunity to visit the Barclays Bank Exhibition at the Art Gallery, giving an insight in the history of the Bank. Following the tour, Barclays’ staff members spoke to the students on topics such as financial literacy and the value of the bank in Zimbabwe. During the talk, students learned about why money came to existence and the importance of money.

Global Foundation of Public Speaking
Celebrations were organized by the Global Foundation of Public Speaking and the Yananiso Trust’s financial literacy project, Fortune Foundation. Five schools attended the Quiz Tournament, sponsored by Speak Training Consultants. The participants were split into three groups depending on their age. Contestants were quizzed on 12 categories, including Financial Literacy. In addition, the Foundation, in collaboration with CABS Bank, hosted a Global Money Week Debate Tournament. Ten schools sent three teams each to attend the tournament. The themes of the tournament were based on GMW topics such as saving, budgeting, and investing. Finally, the Fortune Foundation announced the winners of its essay-writing competition, sponsored by Lion Microfinance. The competition was open to all students across the country.

Cultiv8 Africa
During Global Money Week 2018, Cultiv8 Africa organized a Financial Literacy Seminar in Harare. The seminar included presentations on topics such as “Financial Literacy as a Skill”, “Saving Your Way to Success” and “Cryptocurrency in the 21st Century”. The Reserve Bank of Zimbabwe was the Guest of Honor and shed light on its National Financial Inclusion Strategy.


2017 Zimbabwe Global Money Week

LEADING ORGANIZATIONS:

  • People’s Own Savings Bank 
  • Junior Achievement Zimbabwe

PARTICIPATING ORGANIZATIONS:

  • Reserve Bank of Zimbabwe
  • Zimbabwe Stock Exchange
  • MBCA Bank
  • Ministry of Primary and Secondary Educatio
  • Radio Zimbabwe
  • Stanbic Bank Thrive Microfinance for Women University of Zimbabwe

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 309 800

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 186 656

During GMW 2017 in Zimbabwe, amazing celebrations were organized and led by the People’s Own Savings Bank (POSB) and Junior Achievement (JA) Zimbabwe, in partnership with the Reserve Bank of Zimbabwe, the Ministry of Education and the Zimbabwe Stock Exchange, giving children and youth the opportunity to attend financial education lectures at 105 schools in Zimbabwe. On 28 March, the Zimbabwe Stock Exchange was festively opened by students from three schools. In addition, People’s Own Savings Bank hosted groups of students at their various branches for educational sessions to explain the day-to-day operations of a financial institution. The students had the unique opportunity to go around to each of the bank’s work stations and met with the Senior Branch Manager for a final presentation and discussion. Furthermore, during GMW 2017, students from 10 universities attended a debate competition live on radio under the theme Learn.Earn.Save. Additionally, via Facebook and Twitter posts, POSB and JA Zimbabwe provided financial advice to the Zimbabwean youth, and organized online competitions to raise awareness on the GMW 2017 theme.


2016 Zimbabwe Global Money Week

LEADING ORGANIZATIONS:

  • The People’s Own Savings Bank (POSB)

PARTICIPANTS:

  • Junior Achievement (JA) Zimbabwe Zimbabwe Stock Exchange MBCA BankZwteens, Zimbabwe Broadcasting Cooperation, National Youth Council, Star FM, Kidzcan Association, Reserve Bank of Zimbabwe,Ministry of Primary and Secondary Education, Ministry of Finance

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 45 000

TOTAL INDIRECT REACHED:

  • 2 500 000

The People’s Own Savings Bank (POSB) Zimbabwe partnered with the Ministry of Primary and Secondary Education, the Ministry of Youth, Indigenization and Empowerment and other organizations to celebrate Global Money Week 2016 in Zimbabwe. Nationwide, ten different activities were held by POSB and its collaborating institutions. Students in all provinces of the country were given the opportunity to participate in an essay competition on the subject of saving and winners of the competition received various prizes. Two finalists from each province were given $50 seed money to open a Juniorsave account with POSB. This year, all POSB branches across Zimbabwe opened their doors to schools in their communities, for students to visit POSB banking halls and observe the day-to-day operations of the bank. A total of 96 schools visited POSB branches across the country during the week. The Bank’s branch officials also visited two schools in low income and rural areas to give financial education lessons to students. POSB Zimbabwe also launched a youth credit scheme in partnership with the Ministry of Youth, Indigenization and Economic Empowerment.

Junior Achievement Zimbabwe, in partnership with MBCA Bank and POSB, organized financial education workshops in the cities of Harare, Mutare, Bulawaya and Kwekwe. More than 9000 students attended these workshops, which were aimed at raising awareness about financial literacy issues – including financial ethics, money, saving, budgeting and spending. Participating students were given the opportunity to open savings accounts and give practical lessons on how to operate an ATM. Other activities held in Zimbabwe to commemorate the week included football and netball tournaments, and a bazaar to promote indigenous business.


2015 Zimbabwe Global Money Week

PARTICIPANTS:

  • The People’s Own Savings Bank (POSB)
  • Junior Achievement (JA)
  • Zimbabwe (Aflatoun Partner)
  • Zwteens
  • Bank of Zimbabwe
  • Zimbabwe Stock Exchange
  • MBCA Bank

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 10 000

Zimbabwe joined the world in celebrating the Global Money Week in 2015. The Minister for Primary and Secondary Education officially launched the Global Money Week celebrations at a ceremony organized by the People Own Savings Bank (POSB). 120 students from serveral local high schools attended the launch and spent the day at the POSB. The students underwent a financial literacy program focusing on the significance of saving and how to develop a business proposal. In groups of 10, the students were tasked to simulate business proposals. The top 3 winning groups won funded Youth Accounts. The students were also given a presentation on career choices in the banking sector. People Own Savings Bank launched a youth friendly banking product called the Youth Account on 9 March.

The Governor of the Reserve Bank of Zimbabwe played host to youngsters from ZwTEENS. The Governor stressed on the need for young people to be proactive and push for the implementation of policies that focused on their socio-economic empowerment. He noted that there was a need for banks to have low cost banking products and services to ensure financial inclusion of children and youth. The Zimbabwe Stock Exchange opened its offices to students from Hilbright Science College and held a ceremonial bell ringing event to commence trading. The students had first hand exposure to trading on the trading floor. The Product Development Manager of Zimbabwe Stock Exchange gave a presentation on the history of the capital market and how they operate. He also talked about the investment opportunities that are available for the youth and answered questions from the students.

Junior Achievement (JA) Zimbabwe and ZwTeens organized school trips to the MBCA Bank to learn more about banking and savings. The trip also provided an opportunity for the student to receive career counseling and assistance on how to write CVs, prepare for job interviews and professional etiquette. In total, 7 schools attended the bank visit.


2014 Zimbabwe Global Money Week

PARTICIPANTS:

  • Junior Achievement Zimbabwe
  • Camfed
  • Plan Zimbabwe
  • Mutasa PU
  • The Merchant Bank of Central Africa
  • Barclays Bank

DATE OF THE EVENT:

  • 10th – 17th of March

NUMBER OF CHILDREN REACHED:

  • 15

Zimbabwe hosted a number of activities in various provinces supported by Plan Zimbabwe, Camfed, The Merchant Bank of Central Africa (MBCA), Barclays Bank and other financial institutions. Junior Achievement Zimbabwe celebrated Global Money Week at their 4 branches: Mutare, Kwekwe, Bulawayo and Harare. The JA office in Mutare collaborated with Plan Zimbabwe and The Merchant Bank of Central Africa (MBCA- a subsidiary of Nedbank) to host bank visits. The event was to help demystify the notion that banking is the preserve for adults only and that banks are not accessible to young people. After the bank visit the children met in the Plan Zimbabwe boardroom for the Skype call which was successful and interesting. The children managed to communicate with their counterparts from Ethiopia, Philippines and Afghanistan. Young people learnt how to communicate the value of savings and budgeting. In the Midlands Province (Kwekwe), there was a joint activity with Barclays Bank, Amalgamated Motor Corporation motive and 6 high schools in Kwekwe. The students had a special day named 'Make a Difference Day' where they visited the bank to discuss topics regarding what inspired them to get into the small businesses the students were running, and what challenges were they facing in their businesses now. There were also exhibitions from the different companies in the schools and speeches were made during the event.

The Seed Money Program celebrated Global Money Week by boosting awareness of their program within the young Zimbabwean female entrepreneurial network by increasing their profile they have in directly improving the youth's basic knowledge of financial literacy.


2013 Zimbabwe Global Money Week

NAME OF THE ORGANIZING ENTITY:

  • Camfed Zimbabwe

DATE OF THE EVENT:

  • 15th - 21st of March

NUMBER OF CHILDREN REACHED:

  • 10 000

During Global Money Week in Zimbabwe young women mentored their peers to access and effectively deploy micro grants for business in 24 districts through the Seed Money Program.