2017 Zambia Global Money Week
- Leading Organizations:
Bankers Association of Zambia (2017 Chair), Bank of Zambia, Pensions & Insurance Authority, Securities & Exchange Commission, Financial Sector Deepening Zambia, Savings Bank for International Cooperation (SBFIC), Rural Finance Expansion Programme, Lusaka Stock Exchange, Ministry of Finance, Ministry of General Education, Zambia National Commercial Bank, (Zanaco) , Savings Bank Foundation for International Cooperation, Junior AchievementParticipating Organizations:BANKS: AB Bank, Banc ABC Bank of China, Barclays Bank Zambia, Cavmont Bank, Citi Bank, Finance Bank, First Alliance Bank, First Capital Bank, Investrust Bank, National Savings and Credit Bank, Stanbic Bank, Standard Chartered Bank, United Bank for Africa, Zanaco.MICRO FINANCE / NON BANKSBetter Now Finance, FINCA, Madison Finance, Zoona, Zambia National Building Society ,.INSURANCE Madison Life Insurance, ZSIC Life.SECURITIES Madison Assets, Deveere Group, Laurence Paul.MOBILE NETWORK OPERATORSZAMTEL, MTN, AIRTEL.GOVERNMENT AGENCIESZambia Revenue Authority, Zambia Association of Pension Fund Manager, Public Service Pension Fund.NGO’s CAMFED Zambia, Children International, Restless Development.MEDIAZNBC RADIO/TV, RADIO CHRISTIAN VOICE, HOT FM, RADIO PHOENIX, PRIME TV, ZAMBIA DAILY MAIL, Plus at least 1 media house in each province.SCHOOLSApproximately 100 primary/secondary ; 10 in each of the 10 provinces were directly engaged At least 3 tertiary institutions were reached in each province.Number of children reached directly: 25 000Number of people reached Indirectly: 9 906 311
Zambia’s efforts in commemorating the Global Money Week have been recognized every year since 2013, the activity has been localized, and is now called the Financial Literacy Week. The Bank of Zambia’s Governor serves as the National Champion for Financial Education and annually leads the week-long commemoration. Through the office of the Minister of Finance, the yearly objectives for financial education, in line with government policy are shared through a Ministers address that is broadcasted across the country.
The 2017 Financial Literacy Week was no exception. Zambia launched its Global Money Week Campaign on Sunday 26th March 2017, through a televised address by the Minister of Finance, Hon. Felix Mutati , MP. The Minister’s speech was a call to action to all citizens to get involved and utilize the week to acquire valuable skills and knowledge in line with their personal financial management. The Minister further called on the financial sector to utilize the week by engaging the public irrespective of age, creed, socio economic status or gender.
On Tuesday, the Minister of Finance, The Bank of Zambia Governor, the Registrar of the Pensions & Insurance Authority, CEO of the Securities & Exchange Commission who together constitute the Regulation of the Zambia Financial Sector, led an audience of 500 participants in the official launch event to kick start the 2017 Week. This event was attended by over 70 Chief Executives from various financial institutions, who attended the event in demonstration of their symbolic support of the campaign. In the audience consisted of approximately 300 learners drawn from primary, tertiary and secondary schools, as well as members of various NGOs, professional bodies and the general public. As part of the agenda the learners had the opportunity to ask questions to the high table regarding financial matters.
In preparation for the Week, all financial institutions (banks, microfinance institutions, insurance, pensions, securities & commodities firms) were requested to conduct community outreach and open doors for the entire week in all their branches across the country. Throughout the week, financial institutions shared information on radio, TV, and through their branches.
Furthermore, the financial institutions went to schools and shared information about how the learners and parents can plan for their financial future.
Each of the 9 provincial capitals hosted public exhibitions on Wednesday 29th March. Lusaka which is the national capital had a huge fair at the Manda Hill Shopping Mall on 1-2 April 2017. The art exhibition and the rap contest that involved a nationwide partition where new unique activities of 2017 Week, that deserve a special mention, were presented.
2016 Zambia Money Week
- Leading Organizations:
Bank of ZambiaSecurities and Exchange CommissionMinistry of FinanceMinistry of General EducationPensions and Insurance Authority
- Participating Organizations:
AB Bank, Banc ABC,Barclays Bank, Bank of China, Cavmont Bank, First Capital Bank, Finance Bank, Investrust Bank, Standard Chartered Bank, Stanbic Bank, Eco Bank, Zanaco, Natsave, Lusaka Stock Exchange, Madison Assets, Restless Development, Child Fund, Children International, Finca, JA Zambia, EFC, ZSIC, Laurence Paul & Associates, Indo Zambia Bank, First National Bank
- Date of event: 10th - 19th of March
- Total number of children & youth engaged: 50 000
The Bank of Zambia led the Global Money Week celebrations across the country. Zambia commenced it activities four days ahead of the official opening of the week, with a televised address by the Minister of Finance, Hon. Hon Alexander Chikwanda. The Bank of Zambia coordinated a massive Global Money Week kickoff event at the Olympic Youth Development Centre in Lusaka. The kick-off event was attended by more than 30 executives from the financial sector and 1000 pupils from 40 schools.
Zambia’s Financial Sector Development Plan (FSDP) Secretariat coordinated Global Money Week activities in all provinces across Zambia. The provincial activities included ‘Open Days’ at banks and micro-finance institutions, an essay competition on savings, Youth-to-Youth Talks, Saving Accounts Opening for children and youth, and theatre and drama productions. Other activities involved job shadowing, career workshops, financial literacy roadshows and sports tournaments. The week-long celebrations provided the opportunity for Zambia’s financial sector regulators to have interactive sections with the general public, particularly children and youth, on their social and economic rights and responsibilities.
2015 Zambia Money Week
- Participants: Bank of Zambia, Pensions and Insurance Authority and Securities and Exchange, Zanaco Bank, Plan International
- Date of event: 9th - 17th of March
- Number of children reached: 200 000
Zambia kicked off 2015 Global Money Week (GMW) with a launch of its nationwide activities on 13 March at the Olympic Youth Development, Lusaka. Global Money Week in Zambia was held under theme: ‘A better Life through saving, every penny counts’’. Activities implemented included provincial exhibitions, film productions on savings, production and distribution of literature, media outreach program and school engagements.
The Deputy Governor of the Bank of Zambia performed the official launching of the week. More than thirty (30) Executives from the financial sector and 1000 pupils from 40 schools attend the launch at the Olympic Youth Development Centre in Lusaka.
Zambia’s youngest commercial pilot, Kalenga Kamwendo spoke at the official opening of the GMW in Lusaka. The launch of the Week in Lusaka was followed by GMW celebrations across the country - all 10 provinces of Zambia. An estimated 200,000 children and youth were directly reached during the GMW campaign in Zambia.
2014 Zambia Money Week
- Securities and Exchange Commission
- Children International
- Date of the event: 13th – 20th of March
- Number of children reached: 2 million
- Children reached through the media: 5 million
Zambia had another great line up of activities for this year’s Global Money Week. Bank of Zambia led Global Money Week celebrations along with Pensions and Insurance Authority, Securities and Exchange Commission, and other financial institutions and non-governmental organizations.
Zambia used the theme ‘A Better Life Through Saving’ to kick-off Global Money Week celebrations and they combined their Financial Literacy Week with Global Money Week. On the 4th March, a media briefing on the Financial Literacy Week took place. The Governor of the Bank of Zambia launched Global Money Week on national television on the 13th March, while on the 4th March was the public was invited to attend the fun-filled Global Money Week kick-off event which included an educational dramatic performance by a group of students and testimonies from VIPs in the financial sector on the benefits of saving. The rest of the week was filled with exhibitions and workshops of financial products and services that are available to Zambian youth. The workshops were conducted by trained facilitators and local financial service providers. On the 16th March there was a special national television broadcast of a film with a strong ‘learn to save young ’ theme and Global Money Week was wrapped up with provincial radio programs discussing the events of the week.
Children, youth and teachers from Aflatoun clubs in five different schools participated in an Aflatoun Club sharing experience in which they discussed the five core elements of Aflatoun, shared their experiences in the Aflatoun program and displayed the crafts they had made during their financial enterprise activities. In total, 12 school teachers and 82 children and youth participated in this event.
During the International Aflatoun Skype calls, 15 Zambian children exchanged their experiences in Aflatoun with children from Mozambique.
2013 Zambia Money Week
Name of organizing entity - CareersExpo Project (Image Promotions)
Partners - Financial Sector Development Plan Project; Securities and Exchange Commission , Pensions and Insurance Authority ,Bank of Zambia, FINMARK Trust, Ministry of Education
Date of the event - 15th – 21st of March
Number of children reached - 4500
“We did have hair raising moments when children came up to us to simply say thank you for caring. From the survey conducted you can see the hunger for information and participation not just in learners, but everyone including teachers and business houses. All in all, Zambia was one big unique experience that was 7 days of impact.”
Global Money Week Zambia started on the 15th of March with a kick off activity at Kabulonga Girls School in Lusaka. The Week was marked by a number of classroom based activities by First National Bank, African Life, Madison Insurance, Zanaco Bank, Citi Bank and an outreach by professionals from the financial sector to discuss money matters. CareerExpo Project also organized a career/financial exhibition, a conference with the participation of school pupils and tertiary students at the Mulungushi International Conference Centre.
Global Money Week and International Aflatoun Day were celebrated with the ringing of the bell from a child at the Lusaka Stock Exchange. Furthermore, the Governor of the Central bank of Zambia was interviewed by a 10 year old pupil.
In order to ensure financial inclusion for children and youth the Regional Director for Copperbelt hosted a Stakeholders Meeting in Kitwe. Again in Kitwe, an interschool activity was held with the intention to create financial literacy awareness. In Lusaka, the CEO of the Securities and Exchange Commission hosted pupils.
“In future invite not only pupils but our parents as well." 16 year old girl