2017 Egypt Global Money Week
- Leading Organizations:
- Egyptian Banking Institute (EBI)
- Participating Organizations: Aflatoun, Ahli United Bank, Al Afak Al-Gadeda International School (ACIC), Alexandria University, Al-Saeed Channel, Arab African International Bank (AAIB), Assiut Businessmen Association, Assiut University, Banque Du Caire, Banque Misr , Barclays Bank , Benha University , Beny Suif University , Cairo University (Faculty of Economics and Political Science), Central Bank of Egypt, Commercial International Bank (CIB), Credit Agricole Egypt, Damanhour University, Deraya University, Egyptian Financial Supervisory Authority, Egyptian Stock Exchange Authority, Ein Shams University, Export Development Bank of Egypt (EBE), Global Paradigm International School (GPS), Housing and Development Bank (HDB), Mansoura University, MasterCard, Menoufeya University, Misr Elkheir, Misr International University (MIU), Modern Education School (MES), National Bank of Kuwait- Egypt (NBK), Nile University, Plan Egypt, QNB Al Ahly (QNB AA), Societe Arabe Internationale de Banque (SAIB), South Valley University, The British University in Egypt, The Egyptian Stock Exchange Authority, The National Bank of Egypt (NBE), Together Foundation (Menya), Volunteers & Trainers, Zagazig University, Borgaya prep. School, British City College, College des Jesuites, Economic Group for securities and brokerage, Egyptian German School - Menya, Egyptian public library, Egyptian Sports Federation for Disability, Hasana Association, Horeya Association, Menya Cultural Palace, Menya Language Schools, Menya University, Ministry of Education, Ministry of Finance, Ministry of Youth & Sports, MSE2000, Patriarcal College School, Rajack School - Menya, Radio channels- TV channels, Salam College, Salama Moura Association, Sports Club Menya,
- Leading Organizations: Egyptian Banking Institute
- Participating Organizations: Central Bank of Egypt Egyptian Financial Supervisory Authority Ministry of Finance – Ministry of Education Ministry of Youth and Sports Egyptian Stock Exchange Authority Banque Misr National Bank of Egypt (NBE) Arab African International Bank (AAIB) Export Development Bank of Egypt (EDBE) Housing and Development Bank (HDB) Societe Arabe Internationale de Banque (SAIB) National Bank of Kuwait – Egypt (NBK) QNB Al Ahly (QNB AA) Commercial International Bank (CMB) Credit Agricole Egypt Barclays Bank Banque du Caire Cairo University Assiut University Ain Shams University Beny Suif University British University in Egypt Together Association Arabic Center for Services and Development Mansoura University Banha University South Valley University Monoufeya University Alexandria University Damanhour University
- Date of the event: 14 - 20 March
- Total number of children & youth engaged: 2 000 000
- Total indirect reach: 50 000 000
- Participants: The Egyptian Banking Institute, The Egyptian Stock Exchange Authority, Egyptian Financial Supervisory Authority, Cairo University- Faculty of Economics and Political science (FEPS), Misr International University (MIU), Nile University, Plan Egypt, Aflatoun, Ministry of Youth & Sports, Ministry of Education, and International Schools (Global Paradigm International School (GPS)- Al Afak Al-Gadeda International School (ACIC)- Modern Education School (MES)- British City CollegePatriarcal College school , College des Jesuites , Salam College, MSE2000- MasterCard- Archer Consultancy. Partner Banks: Banque Misr, The National Bank of Egypt (NBE), Arab African International Bank (AAIB), Export Development Bank of Egypt (EBE), Housing and Development Bank (HDB), Societe Arabe Internationale de Banque (SAIB), National Bank of Kuwait- Egypt (NBK), QNB Al Ahly (QNB AA), Commercial International Bank (CIB), Credit Agricole Egypt
- Date of event: 9th - 17th of March
- Number of children reached: 1 500 000
- Participants: Banking Institute and the Central Bank of Egypt Egyptian Stock Exchange Authority Egyptian Financial Supervisory Authority Cairo University (Faculty of Economics and Political Science) Plan Egypt Aflatoun Ministry of Youth & Sports Ministry of Education The Egyptian Paralympic Committee International Schools (BBC International School- Hayah Academy, Green Heights International School, Global Paradigm International School, Al Afak Al-Gadeda International School (ACIC) and Modern Education School)
- Banks involved: Arab African International Bank The National Bank of Egypt Banque Misr Blom Bank Export Development Bank of Egypt Societe Arabe Internationale de Banque
- Date of event: 10th - 17th of March
- Number of children reached: 360 000
- Financial awareness sessions were conducted in schools (both government and international), youth centers, and universities, and reached more than 360,000 children and youth. 200 of the Egyptian Paralympic champions were also involved in the sessions. The sessions were conducted in partnership with the Ministry of Education, Ministry of Youth, The National Bank of Egypt, Banque Misr, Arab African International Bank, Blom Bank, Societe Arabe Internationale de Banque , Cairo University (Faculty of Economics and Political science), Egyptian Paralympic Committee, and Plan Egypt.
- Employees of the Ministry of Education, Ministry of Youth, and banks were invited to attend workshops conducted to raise awareness for the support needed to grow financial literacy and financial education activities within their institutions, and to start spreading the culture amongst their work and home networks.
- Senior students from international and government schools and youth centers were educated about how the stock exchange works and why it exists by the Egyptian Stock Exchange Authority and the Egyptian Financial Supervisory Authority.
- Stock exchange study tours and awareness sessions were organized on the stock exchange premise.
- 204 bank branches from the Banque Misr, Arab African International Bank, Export Development Bank of Egypt, Housing and Development Bank, National Bank of Egypt invited over 4000 students to tour their premises.
- Banque Misr and Export Development Bank of Egypt showed students how banks trade from the dealing room of their headquarters.
- Students visited the Money Museum, where they learnt about the history of money and currencies in Egypt since the Ptolemaic Era. The visits were sponsored by the Central Bank of Egypt and Banque Misr.
- Global Money Week values were a focus of a discussion between Central Bank Deputy Governor, Banque Misr Deputy for Treasury & Investment, and their respective top management officials.
- An online simulation stock exchange game "Stock Riders" was played by around 10,000 students during Global Money Week. The game was developed by Egypt Stock Exchange Authority, and Banque Misr who offered awards for winning students including BM debit card for youth and investment certificates. Link to the website is www.schools.stockriders.com
- A financial and entrepreneurship project competition was judged by EBI representatives. The schools who participated were Green Heights International School, Turkish Salah ElDin School, and Modern Education School.
- A cartoon called MQ Financial Literacy series for children and youth was developed by the Arab African International Bank, called MQ financial literacy series, www.aaib.tv
- Students signed a pledge to remain committed to spreading the culture of financial awareness.
- T-shirts with “Shaping the Future” and Savers logos and a fun image of an ATM were made and distributed to 30 000 students by Plan Egypt, the National Bank of Egypt, and Societe Arabe Internationale de Banque. The t-shirts are a reminder to the youth to continue spreading the culture of saving when Global Money Week comes to end.
- The Egyptian Stock Exchange - Study Tour
- The Egyptian Stock Exchange Simulation game launch
- The Egyptian Insurance Union - Study Tour
- The Futures Educational Systems Banking Simulation Game Launch
- Financial Education Interactive Awareness Sessions at: Faculty of Economics and Political Science, Cairo University; Futures University
Building on its experience and extensive outreach in participating in Global Money Week activities since 2013, Shaping the Future Initiative shifted its strategy for GMW 2017. This year, the initiative is adopting a more sustainable model in regards to outreach numbers, impact of its activities, and stakeholders’ participation. Translating this to a more focused delivery approach through building the capacities of institutions to deliver awareness sessions throughout the year, thus widening the impact of the sessions to go past the GMW, maximizing our return on investment and ensuring the sustainability of our activities. Banks’ participation this year will go beyond financial contribution and bank visits, with several banks ready to introduce and offer youth friendly products and incorporating them in the GMW 2017 activities, e.g. awarding competition winners with prepaid cards instead of cash.
Throughout the Global Money Week 2017, the Egyptian Banking Institute (EBI) along with partners plan to directly reach 1,500,00 children and youth through visits to banks, stock exchange and a series of awareness sessions and financial education games and activities spanning the 27 governorates of Egypt. The Shaping the Future initiative will mobilize the efforts of different stakeholders in order to raise awareness on the GMW 2017 theme of “Learn, Money, Earn”.
During the GMW 2017, Financial literacy awareness sessions will be offered to children, youth and for adults this includes sessions focusing on saving, budgeting and entrepreneurship. Master trainings is the key tool for disseminating financial awareness, the EBI, in partnership with different stakeholders, will build the capacity of different institutions to spread the knowledge. Two financial Literacy sessions will be also delivered in the context of the international forum “Awladna” for children with special needs with tailored and illustrated content.
Several activities are organized in partnership with the Ministry of Youth The Egyptian Stock Exchange Simulation Game will be organized across the 27 governorates including, educational booths, financial competitions, and contests. A drawing on asphalt activity with the logo of the EBI’s financial literacy initiative “Shaping the Future”. A radio competition titled “Grandma Hafiza” will be aired to a nationwide audience and outreach throughout the month of March and GMW 2017. A short essay competition as well as an academic research competition on saving, budgeting and entrepreneurship will be conducted with target audience from the 27 governorates during the entire month of March.
Simultaneously, The Egyptian Banking Simulation Model (EBSM) will also take place during the GMW 2017 in partnership with the Cairo University Faculty of Economics and Political Science. This year the EBSM will be replicated and implemented within the German University in Cairo. Several banks partner and support the EBSM model in partnership with the Egyptian Banking Institute which is the main technical partner.
Additionally, students from several schools and universities will festively open the Egyptian Stock Exchange with attendance of high-level representatives from The Egyptian Financial Supervisory Authority, Egyptian Stock Exchange Authority as well as the Central Bank of Egypt and the Egyptian Banking Institute.
Throughout the Week, young people will be able to engage themselves at different games and interactive activities to explore the different topics of saving, budgeting, and entrepreneurship.
Furthermore, this year university students will have the opportunity to attend different awareness sessions within bank branches. Bank visits are organized for both students from schools and universities in order to expose them to the different functions inside a bank and how they contribute to the overall economic development of Egypt.
Building on Egypt’s extensive experience and emphasizing on its position as a leader to the MENA Region, Egypt this year is extending its activities beyond borders, directly helping and adopting Libya’s, the neighboring country and new entrant to Financial Literacy and GMW, activities. EBI is building up the capacity of the Central Bank of Libya and Libyan Ministry of Education, sharing EBI’s materials and content, also helping in the production and implementation of some activities.
2016 Egypt Global Money Week
Global Inclusion Awards - Global Money Week Special Recognition 2016!
This year, the Egyptian Banking Institute reached nearly 2 million children and youth through direct outreach by conducting awareness sessions in schools, universities and youth centers, and more than 50 million through indirect outreach through television, radio and media! Involving more banks and stakeholders, and building up the capacity of the organizations and the ministries through master trainings, was a key tool for disseminating financial awareness during the Week.
Measuring impact and encouraging children and youth to open new saving accounts was a key indicator that EBI was focusing on throughout the Week. Entrepreneurship and employability was another main focus of GMW 2016, through implementing Training for Employment and Training for Entrepreneurship programs to 12 governmental universities under the auspices of the Central Bank of Egypt.
250 organizations in Egypt worked together to “Take Part, Save Smart” during the 2016 Global Money Week. Financial literacy awareness sessions were offered for children and youth and also for adults. As part of Shaping the Future preparations for Global Money Week 2016 activities, the Egyptian Banking Institute held training sessions for volunteers and university students to become certified trainers to teach children and youth around Egypt about financial awareness and improve their financial literacy. Many activities were planned for children and youth, this included EBI training sessions for several children and youth during Egypt’s World Kidney Day. Furthermore, “Shaping the Future” volunteers from Together Association provide financial literacy awareness sessions to students in several schools in Minia and volunteers from the Arabic Center for Services and Development presented financial awareness sessions to children from Ezbet El Nakhl. Other 2016 Global Money Week activities for children included educational games, arts and crafts, different art, photography and essay competitions, and tours.
Many different tours were arranged for university students, and children and youth during the week. Students visited bank’s dealing rooms and the stock exchange where they attended awareness sessions on financial education and learned about the operations of the stock exchange. Other tours that students and youth in Egypt could attend were to the Export Development Bank of Egypt, where university students learned the different functions conducted in banks and their monetary processes. The EDB also held a session on banking and financial awareness for the Lycée School. Banque Misr opened its doors to students from Cairo University and the British University in Egypt to learn the different functions conducted in their banks and they also arranged a student-visit to Talaat Harb's museum.
High-level discussions, seminars, and other educational sessions were organized (face to face) for children and youth. The Egyptian Banking Institute organized visits to the local businesses for the school students to gain practical knowledge of running a business. Egyptian Banking System Model (EBSM), in partnership with EBI and the Faculty of Economics and Political Science, arranged a seminar discussing the importance of Financial Literacy. They discussed the model of the banking system in collaboration with the Egyptian Banking Institute Symposium, organized by the Faculty of Economics and political science and led by the President of the Egyptian Bank human resources sector EDC. Cairo University Students also attended a financial awareness session hosted by the sector heads of SAIB Bank to learn the role of banks’ different sectors and how they serve the economy.
Stock Exchange awareness sessions were held for University students as well. The Egyptian Stock Exchange welcomed a number of students from the British University in Egypt (BUE), where they had the opportunity to ring the bell and learn about the role of the stock market in the Egyptian economy and its relationship with other entities.
2015 Egypt Global Money Week
Led by the Egyptian Banking Institute, Egypt reached out to around 1,500,000 children and youth, covering the 27 Egyptian governorates during Global Money Week celebrations.
Financial awareness sessions were offered (face to face) to children and youth, this included a master trainers training for the Ministry Youth and Sports employees and volunteers, who have conducted the awareness sessions for children and youth in the youth centers and specialized international schools. The Egyptian Banking Institute also organized visits to the local businesses for the school students to gain practical knowledge of running a business. In addition, entrepreneurship mentoring sessions were conducted in schools.
More than 1,500 schools and university students visited bank branches. 45 visits were conducted throughout the week. Students visited bank’s dealing rooms and the stock exchange where they attended awareness sessions on financial education and the operations of the stock exchange. Three visits to Money Museum were conducted for 75 schools and university students.
A large art production exhibition for financial literacy was held for children and youth from the youth centers. This event was attended by high-level stakeholders, such as Ministers and Banks’ Chairmen. There were a series of entertaining and educational activities such as theatre plays inspired by real life financialrelated situation, financial cartoon videos and songs writing about financial matters conducted.
In cooperation with the Ministry of Youth and Sports, financial competitions and contests were conducted. Participants took part in activities like drawing workshops, entrepreneurship competition, and short story writing workshop and other competitions. A stock exchange simulation game called “Stock Riders” was organized. A research competition about financial matters took place as well. The Egyptian Banking Institute sponsored University Students Simulation Models, providing them with the financial courses and awareness sessions. School students conducted charity and fund raising activities through their own entrepreneurial projects.
In the media, Global Money Week 2015 activities were fully covered by “El-Felous WE El- Nas Programe“ and more than 65 children and youth made videos about saving and financial education. A series of daily radio financial literacy tips were aired through the Youth and Sports Radio Channel during the week.
At a fundamental level, a seminar was held in Cairo University where youth and policy makers had an open debate about financial related matters. The debates carried on among youth with their peers as well.
EBI created a financial booklet with a series of stories for children and youth. “Let’s Save for Tomorrow” and called”,“Let’s Plan Financially for tomorrow”. A branded saver has been created called “Hafiza” and distributed to School children. EBI distributed these financial awareness booklets and publications to more than 50 schools for the dedicated section for financial literacy within their libraries.
2014 Egypt Global Money Week
The Egyptian Banking Institute (EBI) coordinated an exemplary array of activities for Global Money Week this year. The multi-sectorial organizations collaborated to arrange activities that involved more than 360,000 children and youth. The highlight of the week was when students opened the Egyptian Stock Exchange by ringing the bell in the presence of high level governmental and media representatives.
A variety of activities were hosted by a wide range of stakeholders during the week. EBI ensured that every key player was involved in this nationwide initiative for Reshaping the Future Egypt through its children and youth. All 27 Egyptian governorates were covered (with special attention to the less developed governorates) and all educational systems including learners with special needs.
Egyptian Banking Institute coordinated valuable Training of the Trainer (TOT) sessions, conducted by facilitators on financial awareness and stock exchange awareness. The facilitators are all volunteers from the Ministry of Youth, the Ministry of Education, and Egyptian banks. These TOT sessions were done in partnership with Plan Egypt, Aflatoun, and the Stock Exchange Authority. By the end of the week, there were a total of 2400 facilitators in all 27 Egyptian governorates. Egypt’s nationwide GMW involvement is a great example of how dedicated the citizens are to Reshaping the Future!
Some examples of activities which were organized nationally are:
Finance awareness sessions for children and youth:
The Egyptian Stock Exchange Authority invited school students to ring the bell to mark the opening of trade in the name of child and youth financial inclusion and education. The children were joined by high governmental stakeholders such as the Minister of Education, Minister of Youth & Sports, Minister of Trade, Industry and Investment, Chairman of the Egyptian Financial Supervisory Authority, Chairman of the Egyptian Stock Exchange Authority and the Executive Director of the Egyptian Banking Institute.
2013 Egypt Global Money Week
Partners - Child and Youth Finance, Plan International Egypt, Aflatoun Egypt, Injaz
Egypt, Futures International Schools, Futures Educational Systems, Futures Tech,
GIZ, Silatech, Faculty of Economics and Political Science, Cairo University, Futures
University, The Egyptian Stock Exchange, The Egyptian Union of Insurance, The
Egyptian Financial Supervisory Authority, The Egyptian Financial Service
Institute, The Egyptian Post, The National Bank of Egypt, Audi Bank
Date of the event - 15th – 21st of March
Number of children reached - 62 000 – 123 schools – 2 universities
Press - Al-Bosla News; Al-Borsa News; El Fagr; El Fagr; Al Messa; Mujaz; Al Youm and Sabe;Al-Borsa News; Haytna; Mubasher; El Badil; Amwal Al-Ghad; Egyptian Banking Institute; Akhbarak; Dostor; Vetogate; Akhbar El Youm; Masress
Through financial education and products for children and youth, and more specifically through the empowerment of its 18 partners, a marvelous Global Money Week was produced!
The week was organized through the collaborative efforts of the Egyptian Banking Institute, The Egyptian Financial Services Institute, and Plan International Egypt.
The week was planned to produce a number of learning experiences for children and youth 8-21 years old. Both, students of schools and universities had the pleasure to enjoy “Shaping the Future” experience. The conclusion of the week was through the production of the study tours:
Throughout the visits, students learned about different financial and banking institutions and had the opportunities to discuss in detail the varied operations and functions of a bank or financial institution. A number of consultations and “Shaping the Future” workshops, such as “What is a bank?” and “How can you be an entrepreneur?” were held over a range of 123 schools and 2 universities.
The Egyptian Stock Exchange launched a Stock Exchange simulation game, where winners were given awards. Also, Futures Foundation, an inclusive learning organization running 13 schools around Egypt, launched its banking module, students learned how to run a bank through a game, they play customers and bank employees.
Varied focus groups within the week were organized in order to formulate the “Shaping the Future” Champions, where children and youth become key stakeholders in the initiative. They took part in shaping the financial products designed for them and became ambassadors in the areas where they live, also going around with their branded Shaping the Future T-shirts (contributed by Plan International Egypt) to create awareness throughout their varied daily destinations!