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2018 Tanzania Global Money Week

LEADING ORGANIZATIONS:

  • BRAC Tanzania
  • Junior Achievement Tanzania

PARTICIPATING ORGANIZATIONS:

  • Accelerated Learning Process Project, BRAC Maendeleo Tanzania, BRAC Tanzania Finance Limited, BRAC Zanzibar, Dar Es Salaam Stock Exchange, Empowerment and Livelihood for Adolescents (ELA), Jangwani Secondary School, NiC Bank, Tambaza Secondary School

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 2 970

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 18 491

BRAC Tanzania
In 2018, BRAC Tanzania reached out to sensitize the community through its various projects throughout Global Money Week. Throughout the Week, BRAC Tanzania carried out more than 2,624 Microfinance meetings aimed at training and boosting growth among beneficiaries, with a total of 151,182 participants. These groups received financial literacy on a variety of issues such as the importance of savings and innovation. They also got useful business development tips. 18,357 Maize and poultry farmers were trained in modern agricultural techniques as well as financial skills. They were also provided with small loans to expand and enhance their businesses. 6,611 Small Enterprise Program beneficiaries received training and technical support on business management and savings. The training was tailor-made to suit their needs as small-scale traders as it contained several units aimed at optimizing production and maximizing profits. Since many young girls in Tanzania are at high risk of early pregnancies, the Empowerment and Livelihood for Adolescents (ELA) project provides girls with life skills to develop their independence and overcome such challenges. During GMW2018, ELA conducted workshops where they discussed issues related to money and savings. Primarily, the aim was to help them cultivate a saving culture and enhance their financial discipline but also served to remind the girls on the importance of economic independence. ELA Microfinance beneficiaries were also present to give inspirational speeches to other members. Through BRAC's ELA clubs, the ELA mentors led discussions with topics related to savings throughout the week. The workshop brought together 100 participants from Dar es Salaam, Iringa, Mbeya and Dodoma. At the close of the week, the Accelerated Learning Process Project, funded by NORAD in the Tanga region, brought together 800 girls who had received livelihood training, and supported with equipment, to discuss and exchange ideas about their businesses. The girls shared investment opportunities and business models. Over the past decade, BRAC has improved access to finance to advance women's empowerment, provided education for children and improved livelihoods and skills for smallholder farmers. Currently, BRAC is implementing education, youth development, early childhood development, microfinance, agriculture, poultry, small enterprise, agri-finance and investment funds projects across 127 branches in 20 regions across the country.

Junior Achievement Tanzania
During a visit to the Dar Es Salaam Stock Exchange, 50 students from Jangwani and Tambaza Secondary Schools had the opportunity to learn about investing through shares. DSE trainer hosted a half-day training with students and talked them through investing in shares. During the Week, 20 students from the schools had the opportunity to visit NiC Bank Tanzania. They spent the day learning about how banks operate by visiting several NiC Bank departments, speaking to employees and were given the chance to practice the work. NiC Bank’s employees acted as mentors to the youngsters and helped them to choose the right career path.


2017 Tanzania Global Money Week

PARTICIPATING ORGANIZATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 4500

In 2017 in Tanzania, students of the BRAC Education Programme participated in Global Money Week in various ways. BRAC raised financial awareness during the Week by focusing on how to deposit money for the future, how students can properly utilize apprentice opportunities and how the financial markets function.

Additionally, students learned about the various types of financial products and services, the importance of saving and pragmatic financial behavior. The focus during the Week was placed not only on the preservation of money (saving), but also on the preservation of the planet.

BRAC has various education programs directed at alleviating poverty and improving standards of education that contributed to their Global Money Week activities such as the Girls Education Challenge, BRAC Maendeleo, which aims to provide materials to initiative library programs, the Accelerated Learning Process (ALP) Project, which aims to give exclusive livelihoods and skill enhancement support, together with financial literacy, to students who have dropped out of secondary school. There is also the “play lab” school under the BRAC education program, which provides free education targeted to marginal and vulnerable children.

Furthermore, on 1 April, the Dar es Salaam Stock Exchange launched the DSE SCHOLAR INVESTMENT CHALLENGE, an edutainment program made for students from higher learning institutions across Tanzania. This year, the stock exchange hosted the Institute of Accountancy Arusha, the winner of the 2016 Investment Challenge, to officially launch the challenge. The Investment Challenge runs every year from 1 April to 30 June, and aims to instill a culture of savings and investment amongst youth in various Tanzanian learning institutions.

Recognizing the alignment of the awareness raising objectives of Global Money Week with the DSE SCHOLAR INVESTMENT CHALLENGE, DSE officiated the joint commemoration of Global Money Week 2017 and the launch of the 2017 DSE SCHOLAR INVESTMENT CHALLENGE througha bell ringing ceremony and press conference which was held at the offices of the Dar es Salaam Stock Exchange PLC.


2015 Tanzania Money Week

PARTICIPANTS:

  • Plan International, Tanzania Commission for Science and Technology (COSTECH), the Youth Saving and Loans Associations (YSLAs), Tanzania Youth Vision Association, University of Dar es Salaam and Buni Innovations

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 53

The organization leading the Global Money Week 2015 celebrations in Tanzania were Plan International Tanzania, Tanzania Commission for Science and Technology (COSTECH) and the Youth Saving and Loans Associations (YSLAs). Other participants included the Tanzania Youth Vision Association, University of Dar es Salaam and Buni Innovations.

Activities marking the week included youth workshops and training sessions and exhibition. There activities were held in Dar es Salaam, Temeke and Mbeya. Members of the Youth Savings and Loans Association (YSLAs) participated in exhibitions and workshops on entrepreneurship skills and financial literacy. Plan Tanzania interviewed female entrepreneurs who were members of YSLAs. The interviews established income generating enterprises through Banking on Change initiative in Temeke. The interview essentially touched on the lives of these young entrepreneurs, their experiences as business owners and being members of the YSLAs and Banking on Change initiative. The interview was published and promoted during the week to motivate other youngsters to start their own business. Furthermore, it has served to inform youngsters of the various opportunities and assistance that exist for young entrepreneurs.


2014 Tanzania Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 12th of March

NUMBER OF CHILDREN REACHED:

  • 250

PRESS:

BRAC Tanzania participated in a webinar co-hosted by Child & Youth Finance International with the Microcredit Summit Campaign. This webinar explored how microfinance can be more inclusive to children and youth and featured a presentation from BRAC Tanzania on their “Empowerment and Livelihoods for Adolescents Program” which works to socially and financially empower youth (age 11-19), mostly girls, through a combination of life skills education, livelihoods training, financial literacy, credit support, club activities, and community participation. The program aims to build girls’ confidence, instill a sense of self-worth, encourage positive behavior changes, and improve their quality of life. BRAC Tanzania discussed with CYFI and the youth the main program features and some key successes, lessons learned and challenges and opportunities ahead.


2013 Tanzania Money Week

NAME OF THE ORGANIZING ENTITY:

  • ICS Meatu

PARTNER:

  • Aflatoun

DATE OF THE EVENT:

  • 17th and 18th of March

The event during Global Money Week included competitions in which Aflatoun clubs from each school participated in a competition based on an understanding of Aflatoun concepts. Judges for the competition from the district’s sport and game department judged the event and declared the winners. The winners from each group won balls, drums and volleyball nets Parents. Teachers village leaders and other non Aflatoun children were invited to celebrate the day.

The activities that will involve during the day included:

  • Singing the Aflatoun song and motto
  • Exhibition of Aflatoun children art works (Financial enterprises)
  • Choir, drumming, and poetry( Social Enterprises) to spread key messages

Name of organizing entity - Camfed Tanzania

Young women ran the Revolving Loan Scheme to bring safe saving and borrowing options to their peers in 10 rural districts.