Global Money Week

2017 Kenya Global Money Week

Leading Organizations:
Central bank of Kenya

Participating Organizations:
Insurance Regulatory Authority (IRA)
Kenya Bankers Association
Retirement Benefits Authority (RBA)
Sacco Societies Regulatory Authority (SASRA)
Capital markets Authority (CMA)
Nairobi Securities Exchange
Unclaimed Financial Assets Authority
CAP-YOUTH Empowerment Institute
Care International Kenya
Junior Achievement Kenya
Post Bank Kenya
Inuka Direct
Monture Africa
The University Students Community Organization (UNISCOO)
Nyeri High School Primary
secondary and high schools all over the country

Number of children reached directly: 62 213
Number of children reached Indirectly: 263 492

Throughout Global Money Week 2017, the Central Bank of Kenya, along with partners, reached over 62,000 children and youth through visits to schools and institutions and other fun filled activities.

During the Week, financial literacy awareness sessions were offered to children, youth, school teachers, churches, youth empowerment institutes and generation program centers.

Young people also had the opportunity to visit the CBK Money Museum, to explore and learn about the history of money in Kenya, and a visit to the Nairobi Securities Exchange allowed for the young people to learn about investing.

Furthermore, as part of GMW 2017, high school students and university students had the opportunity to participate in debates, drama competitions, essay writing and art competitions and job shadowing experiences, all based on this GMW 2017 ‘Learn. Save. Earn’ theme. An art interpretation competition under the mandates of the CBK, IRA, RBA, SASRA was also held for university students.

The Nairobi Stock Exchange continued to welcome students at its premises and taught youth about capital markets. Kenya Bankers Association continued to support the Week by organizing a variety of initiatives and engaging its member banks. Postbank Kenya was one of the most active banks, and conducted games, seminars and other activities in different regions.

The most active NGOs during GMW 2017 included Junior Achievement Kenya and CARE International Kenya, that both conducted activities in their programme schools, community centers and other targeted beneficiaries.

Inuka Direct, in collaboration with Mwamko Foundation, delivered a series of financial education sessions using football based approaches in Soweto slums, Kahawa, west of Nairobi County. Children aged between 7 to 14 years had the opportunity to reinforce their knowledge in relation to money issues in a fun, challenging and exciting environment, with engaging and interactive activities.

Furthermore, in celebration of Global Money Week 2017, Uber and Old Mutual announced that they were extending their free money management course, that took place in South Africa, to Uber’s driver- partners in Accra, Ghana, in Lagos, Nigeria and in Nairobi, Kenya. The course reflected the Week’s theme - Learn. Save. Earn. Driver-partners attending the workshops were empowered with the skills to manage their finances to grow their income and save for the future.


2016 Kenya Money Week

Lead Organization:
Kenya Banker’s Association (KBA)

Participants:
PostBank Kenya
FSD Kenya
Nairobi Stock Exchange
Kenya Institute of Curriculum Development (KICD), Capital Markets Authority, Child Savings Kenya, , Nyeri High School, Cardinal Elementary School, All I Can Be World, CFC Stanbic Bank, Young Enterprise Education in Schools (YEES) Program

Date of event:
14th - 20th of March

Total number of children & youth engaged: 11 000

The Kenya Bankers Association (KBA) once again took up the task in coordinating Global Money Week celebrations in the country. The Association, in collaboration with both state and non-state institutions, organized activities across the country to commemorate the week. Activities that took place in Kenya included financial education competitions, arts and craft contests, school visits to financial institutions, job shadows for high schools students, visits to the stock exchange, savings campaigns, as well as financial literacy workshops.

Post Office Savings Bank (POSB) Kenya branches worked with secondary schools in various counties to mark Global Money Week. Officials from the bank worked with teachers to organize financial education training sessions for the students. They also held saving accounts opening sessions for students. Those who opened an account were given an opportunity to participate in a competition were they were required to express their understanding of financial education through essays, music, arts and or any other form. The competitions were supervised by the teachers. The top three students from participating schools were presented with various awards, including a special tour of a POSB branch and participation in a mentoring initiative by employees of the bank.

Students from Nyeri High School visited the Nairobi Stock Exchange during the Week. These students were given a tour of the stock exchange and given presentations on how it operates. Further, there were engaged discussions with some personnel of the Nairobi Stock Exchange and students on how the youth could have a positive impact on the country’s economy. Cardinal Elementary School partnered with All I Can Be World to organize an educational tour to the CFC Stanbic Bank and the Kenya National Achieves for students. The two institution also coordinated art and craft competitions with the theme: “Smart Saving”.

 

2015 Kenya Money Week

Participants:
Kenya Banker’s Association (KBA), PostBank Kenya, Imperial Bank, FSD Kenya, Central Bank of Kenya, Kenya Institute of Curriculum Development (KICD), Nairobi Stock Exchange; Child Savings Kenya, G-Pay and others
Date of event:
3rd - 17th of March
Number of children reached:
2 700

Global Money Week (GMW) has been a tradition in Kenya since the campaign was launched in 2011. Every year, Kenya’s Global Money Week is celebrated across the country by both state and non-state institutions. The Kenya Bankers Association (KBA) led the 2015 GMW campaign stressing the importance of financial awareness, particularly for young people. The campaign commenced on 3 March, three days ahead of the Global Money Week kickoff. The association collaborated with various stakeholders to extend the reach of campaign nationwide. The KBA teamed up with primary and secondary schools, NGOs and CBOs to organize ‘Children and Youth Talks’, ‘Job Shadow Days’, and competitions on the GMW theme: “Save today. Safe tomorrow.”

Ring the Bell
The Nairobi Stock Exchange (NSE) had an open day for students during the Week. The event provided the opportunity for the students to get a glimpse of how the exchange operated. The officials provided insight into their operations and answered questions posed by the students. The Stock Exchange also organized a ceremonial ‘Bell Ringing’ event for the students to commence the start trading during their visit. The stock exchange bell was rung by an 11 year old pupil.

Job Shadow Day
Kenya Bank Association and its members also had Open Days and Job Shadows for students within their host communities. The association, for instance, played host to five students from St. Georges High School. Its CEO also held mentoring session for a group of youngsters.

GMW Challenge
Postbank Kenya organized a competition for students across the country. Students were asked to select and undertake an activity (i.e. eassy writing, drama, drawing, debate etc) on the 2015 theme: Save today, Safe tomorrow. The Bank awarded the top 5 students with branded notebooks and cash prize of Kshs 1,000.

School Campaigns
Imperial Bank embarked on a two week campaign aimed at empowering children and youth by providing them financial education that covered the importance of money, saving and entrepreneurship as through various interactive activities. The Bank officials visited selected schools in Nairobi to spend time with the students and educate them on the importance of money and savings through talks and fun learning activities. The bank also announced scholarships for some students during the week.

 

2014 Kenya Money Week

Participants:
PostBank Kenya
Kenyan UNESCO Youth Forum
Junior Achievement Kenya
CAP Youth Empowerment Institute
Kenya Bankers Association
Action for Child Development Trust
Standard Chartered Bank
Equity Bank
Nairobi Securities Exchange
YouthSave Kenya
The President’s Award Kenya
Mbotela Seventh Day Church
Namundera Secondary School
Kakamega Muslim Secondary Schools
Karen Christian College
Date of the event:
9th - 15th of March
Number of children reached:
320
Press:
youthsave.org

With several organizations and institutions taking part, Kenya had a number of exciting activities planned for Global Money Week. Fun activities were organized by The Kenya Bankers Association, PostBank Kenya, Kenya UNESCO Youth Forum, Junior Achievement Kenya, the President’s Award Kenya, Mbotela Seventh Day Church, Youth Investors Club, Nairobi Stock Exchange and others.

Kenya Bankers Association (KBA) invited its members to participate in a “Banker for a Day” Job Shadow Activity to celebrate Global Money Week. In conjunction with Junior Achievement Kenya, the Job Shadow Program invited financial institutions to provide students with a mentorship opportunity to showcase the workplace and to motivate the students to pursue financial careers through first-hand experience. The objectives of the Job Shadow are aligned to those of the Global Money Week, in that it aimed to engage young people to learn how money works, with a specific focus on saving, creating livelihoods, gaining employment and entrepreneurship. Moreover, this fulfilling exercise is a good opportunity to reinforce the positive attributes of the banking profession as it boosted the self-esteem of the staff as they were viewed as role models by the students.

All 98 PostBank Kenya branches joined in the Global Money Week celebrations with the following objectives: i) to create awareness amongst the youth about the importance of savings, and ii) to open accounts so that they can mobilize their savings. Each branch manager and members from their respective teams visited public schools to give interactive and exciting savings education presentations. Pupils were then invited to open a savings account. All pupils with an account were asked to write a two page essay on the importance and benefit of savings for the youth. These essays benefitted the pupils by making them think critically about savings and they benefitted Postbank as they provided the branch manager’s with material from which they can restructure their youth savings services. Throughout the week the bank employees informed the customers who visited the branch about the Global Money Week and encouraged them to talk to their children about opening and saving in the youth savings accounts (Bidii Junior, Smata or Step Accounts).

Kenyan UNESCO Youth Forum hosted an Afternoon General Meeting of the Youth Forum at the KNATCOM facilities on the 14th March 2014. Although the theme was “Entrepreneurship through Ideas”, there was a special focus on the exploration of the importance of technologies, especially mobile phones, when it comes to financial inclusion. Students from Mary Leakey Girls High School visited the GT Bank of Kenya, while students from Riara Springs Academy visited The Transnational Bank and Oracle Systems Nairobi to learn about banking systems and to learn tips on how to save. The CAP Youth Empowerment Institute in Nairobi hosted a forum in which financial service providers and youth entrepreneur representatives had the opportunity to discuss the topic of 'Savings and Loans'. The financial service providers who attended and addressed the youth were Equity Bank, Postbank, Lions Club and APA Insurance, Kiva.org and Youth Enterprise Development Fund. The President’s Award Kenya & Mbotela Seventh Day Church organized a number of sessions with youth church members to teach them the importance of saving from 9th to 15th March.

Action for Child Development Trust (ACD Trust) organised a discussion with school pupils about the planning, budgeting, saving, enterprise development and also career development beyond academics. At the Muslim Secondary School, the students and the facilitator discussed goal setting, how to balance academics and sport with their social life to ensure their holistic development. The facilitator, the Kakamega branch bank manager of Standard Chartered Bank, encouraged students to reflect on their career goals. At the Namundera Secondary School, the facilitator Mr. Philemon Sigei, an Agri-business specialist at Equity Bank Kakamega, shared with the students the concept and practice of budgeting. He spoke to the youth about distinguishing between needs and wants, prioritizing needs over wants, savings, reasons for saving, challenges for saving, saving plan worksheet, categories of events that can make one save, ways to save, types of saving institutions and factors that influence saving. Students were very excited and were eager to learn more.

 

2013 Kenya Money Week

Name of organizing entity - Kenya National Commission for UNESCO, CAP Youth Empowerment Institute; Partners - Equity Bank of Kenya, Government of Kenya Kenya Commercial Bank, Kenya Union of Savings and Credit Organizations (KUSCO), Opportunity Kenya Limited, Rafiki Deposit Taking Micro-finance and Faulu Kenya Deposit Taking Micro-finance; Date of the event - 15th and 16th of March; Number of children reached - 30;

“From this point on, I shall ask our top management to support the interventions by CAP YEI to reach out to the youth” Godfrey Mwendwa, Senior Manager Faulu Kenya Limited.

CAP Youth Empowerment Institute organized a single high-impact event in celebration of Global Money Week on the 21st of March. The meeting brought together five financial institutions, The Government of Kenya and KUSCO. It gave the opportunity for youth to directly influence key policy-makers in the financial industry in Kenya.

Kenya National Commission for UNESCO organized group discussions and presentations on “General themes [and] how to teach Zero Budget Concept to Youth and Children Organizations” lead by Ms. Dorothee and Ms. Johanna.