2017 Swaziland Global Money Week

Leading Organizations:
Ministry of Finance -Micro Finance Unit
The Central Bank of Swaziland
Ministry of Education and Training
Participating Organizations:
Swaziland National Youth Council
Financial Services Regulatory Services (Stock Exchange)
Nedbank
First National Bank
Standard Bank
Building Society
Swazi Bank
Swaziland Royal Insurance Company
African Alliance
Stanlib
Old Mutual
Select Financial Services
Leshego Financial Services
Fincorp
Junior Achievement
University of Swaziland
William Pitcher Teachers Training College
Swaziland Association of Savings and Credit Cooperatives
Swaziland College of Technology
Ngwane Park Youth Training Centre
Ngwane Teachers Training College
Primary schools all over the country
Number of children reached directly: 10 150
Number of children reached Indirectly: 30 000

During Global Money Week 2017, high-level discussions on the need to teach children to save were held, which culminated in the agreement that it is important to integrate financial education into the school curricula. These discussions were held during the official launch of the Global Money Week, which was officially opened by the Minister of Education and the Governor of the Central Bank of Swaziland on 27 March 2017.

One of the highlights of the Week in Swaziland was a financial literacy awareness session offered to children and the youth, where 84 primary school children and tertiary institution students received a lecture on the role of the Central Bank. After the lecture on the role of the Central Bank as a regulator, 16 primary school children and five tertiary students presented essays before the Governor of the Central Bank, Chief Executive Officers of Financial Institutions and Ministry of Education Officers on why it is important for children and young people to start saving from an early age. The students also recommended strategies to enable children and young people to save. The first prize for the primary category was won by Vulamasango Primary School, and the prize for the Tertiary Category was won by the Ngwane Park Youth Skills Training Centre.

Throughout the Week, through various mediums of communication, young people were exposed to the importance of starting to save from an early age. Notably, the need for the Ministry of Education to integrate social and financial education into the school curricula was a subject that received much attention.

Furthermore, primary, college and university students from 16 schools, as well as lecturers, teachers and officers from the Ministry of Education, had the opportunity to visit the Central Bank, Financial Services Regulatory Authority, Stock Exchange, Insurance houses and Asset Managers to learn about their specific roles as financial institutions.

A digital screen remained throughout the Month of April 2017 in order to raise awareness about Global Money Week. Global Money Week 2017 received much media attention in Swaziland, and was profiled in major national press.


2015 Swaziland Money Week

Participants:
Microfinance Unit – Ministry of Finance
Date of event:
9th - 17th of March
Number of children reached:
20

The Micro-finance Unit of the Ministry of Finance, Swaziland, participated in the Banking Association South Africa’s 8th Annual National Launch of Teach Children to Save South Africa initiative. The event served as a platform for the launch of the first ever Financial Literacy Spelling Bee Campaign in South Africa. This visit provided an opportunity for the Swazi delegates to learn more about the association’s events.

During the Global Money Week campaign, the Micro-finance Unit also held national stakeholder meetings with the focus on mobilizing resources for the development of a national financial education curriculum. There were media campaigns to create a national awareness of Global Money Week.

 

2014 Swaziland Money Week

Participants:
World Vision

Mercy Corps Swaziland joined in the Global Money Week celebrations by raising awareness for the need for financial literacy through 3 World Vision run projects. These projects specifically focus on the economic empowerment of adolescent girls.

Mercy Corps is an NGO that aims to alleviate poverty and oppression by helping people to build secure, productive and just communities. In conjuncture with their regional partners they organized Global Money Week events in a number of countries. In Swaziland they coordinated events with World Vision which is a NGO that works to promote improved and resilient livelihoods so that children, families and communities can experience fullness of life with special focus on economic empowerment and saving groups. To improve child well-being, World Vision’s strategy is aimed at building foundational livelihood assets, improving livelihood strategies, protecting lives and livelihoods and assessing the context and risk to lives and livelihoods. As such, this strategy combines both quick wins for short-term impact as well as concurrent systemic change for long-term sustainability.