2019 Malawi Global Money Week
LEADING ORGANISATIONS:
- Hope for Relief
- Opportunity International Malawi
- Reserve Bank of Malawi
PARTICIPATING ORGANISATIONS:
- 2 Financial Institutions, 2 Schools, Bankers Association of Malawi, Creditdata, DMI University, Dzaleka Community Youth Under Plan Malawi, Kasungu Teachers Training College, Kazomba Community Day Secondary School, Lilongwe Teachers Training College, Luso Lathu Community Based Organisation., Malawi Stock Exchange, Matipula Private Secondary School, Mdzobwe Community Day Secondary School, Ministry of Education, Science and Technology, Mnjiri Community Day Secondary School, Mphanje Private Secondary School, Namitete Secondary School, Nazarene Mission Secondary School, Phalombe Secondary School, Transunion, Yethu Radio-Dzaleka Refugees Camp
NUMBER OF CHILDREN REACHED DIRECTLY:
- 2 944
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 225 325
Reserve Bank of Malawi
The Reserve Bank of Malawi celebrated Global Money Week 2019, which has been celebrated in the country since 2013, under the theme “Learn.Save.Earn”. This year, the Bank was joined by the Ministry of Education, Science and Technology (MOEST), Malawi Stock Exchange (MSE), Bankers Association of Malawi (BAM), and Transunion Credit Reference Bureau (representing Credit Reference Bureaus in Malawi). The awareness activities organised for students included visits to the Bank, visits to the Malawi Stock Exchange, and visits to other financial institutions and local banks. Awareness sessions were also conducted through visits to teacher training colleges and secondary schools. Media organisations covered the events, to ensure that students, children and youth across the country could engage in the celebrations. Additionally, the Bank continued its commitment to implement financial literacy initiatives for all people in the country.
Hope for Relief
Hope for Relief organised visits to banks for students from different schools. The activities were aimed at teaching children the value of money, how to save, and how to take proper care of your finances.
Opportunity International Malawi
Opportunity International Malawi organised multiple events for Global Money Week 2019, including quizzes, financial literacy meetings, visits to commercial banks, and a football match. The goal of each activity was to highlight the importance of saving, earning and learning, in line with the GMW theme of this year. All activities were organised at the Dzaleka refugee camp, to ensure that the children in these camps learn about Global Money Week. They were excited to learn about GMW and visit the different banks. 5,000 people were reached indirectly, through radio advertisement, broadcasted by radios in refugee camps
2018 Malawi Global Money Week
LEADING ORGANISATIONS:
- Bossaro Music Group
- Reserve Bank of Malawi
PARTICIPATING ORGANISATIONS:
- Capital Radio, Chancellor College, Chikhwawa Secondary School, Joy TV and Radio, Machinga Community Day Secondary School, Malawi Broadcasting Corporation, Malawi Institute of Journalism, Malawi Stock Exchange, Ministry of Education Science and Technology, Namikasi Community Day Secondary School, Nation Publications, Nico General Insurance Company Limited, Nico Life, Power 101 FM, SDA Radio and TV, St. Marys Girls Secondary School, The Daily Times, Thyolo Secondary School, Times Group Media, Zodiak Broadcasting Station
NUMBER OF CHILDREN REACHED DIRECTLY:
- 750
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 9 000
Reserve Bank of Malawi
Leading GMW2018 celebrations in Malawi, the Reserve Bank of Malawi and its partners reached over 3500 children and youth through visits to the schools, the Stock Exchange and Central Bank. Financial literacy awareness sessions were offered to children, youth and adults, including sessions on saving and personal finance management. Discussions, seminars, and other educational sessions were organised at the schools, with members of staff and Ministry of Education Department inspectorate and advisory services. Additionally, the live trading session at the Malawi Stock Exchange was festively opened on March 15 by students and staff from Namikasi Community Day Secondary School. Throughout the Week, young people were engaged in activities through media reports and by exclusive media coverage on events that happened across the country. At the end of the Week, students had the opportunity to visit the Central Bank.
Bossaro Music Group
Throughout the Global Money Week Bossaro Music Group, in partnership with Nico General and Nico Life reached over 200 college students with a Financial Literacy Symposium, where members of financial institutions prepared presentations on financial discipline and financial inclusion issues at Chancellor College Great Hall on 16 March 2018. Throughout the week Bossaro Music Group used its Facebook page and articles in The Daily Times to interact with students and the general public on how money matters matter.
2017 Malawi Global Money Week
LEADING ORGANISATION:
PARTICIPATING ORGANISATION:
NUMBER OF CHILDREN REACHED DIRECTLY:
- 89
Reserve Bank of Malawi, the central bank of the country, leading the promotion of financial literacy, joined in the Global Money Week 2017 celebrations with an active awareness-raising campaign using radio, television, local newspapers and other media outlets to promote the objectives of the Week. Topics such as the importance of savings for youth, as well as awareness of basic finance and banking products were the main focus points of the campaign in Malawi.
Opportunity International Bank of Malawi (OIBM) also took part in the GMW 2017 celebrations by hosting fun and educational activities like quizzes, dances and financial literacy meetings, as well as account opening sensitization session for youngsters. OIBM placed attention on females to increase their participation in the formal financial sector and trained groups of women in Kabula on financial matters. Furthermore, students were delighted to see a bank official visiting their school and interacting with them on financial issues.
2016 Malawi Global Money Week
LEAD ORGANISATIONS:
PARTICIPATING ORGANISATIONS:
- The Life and Pensions Association of Malawi, Competition and Fair Trading Association of Malawi Association of Business Journalists, Bankers Association of Malawi, Financial Markets Dealers Association of Malawi, Consumer Association of Malawi, Old Mutual, Times Group, Association of Business Journalists, FEDOMA, Alliance Capital, NICO Asset Managers, Catholic Relief Services, Opportunity Bank of Malawi
DATE OF THE EVENT:
- 14th - 20th of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 500
Malawi has been commemorating Global Money Week since the initiative was first launched five years ago. The Reserve Bank of Malawi led this year’s GMW celebrations by organising a number of financial education activities including “Open Days” and an educational visits to the Malawi Stock Exchange. The Malawi Stock Exchange also held an “Open Day” for students during the Week, which provided them with the opportunity to better understand how the exchange functions. Personnel at the stock exchange provided insight into their daily operations and answered questions from the students. The stock exchange also organised a ceremonial “Ring the Bell” event for the students to commence the start of trading during their visit.
The Reserve Bank of Malawi coordinated a number of other activities that were organised by its stakeholders and partners throughout the country. For example, financial literacy workshops as well as radio and television talk show programs took place during the Week.
2015 Malawi Global Money Week
PARTICIPANTS:
- Reserve Bank of Malawi, Ministry of Education, Opportunity Bank of Malawi, Malawi Institute of Education
DATE OF THE EVENT:
- 9th - 17th of March
NUMBER OF CHILDREN REACHED:
- 500
Malawi joined the rest of the world in celebrating the Global Money Week under the theme ‘Save Today. Safe Tomorrow’. The Director of Microfinance and Capital Markets Supervision at the Reserve Bank of Malawi (RBM) launched the week in Blantyre, emphasizing the need for Malawian youth to be financially literate. As part of the launch students from Ndirande Hill Secondary School toured the Blantyre Branch of RBM. The students also attended lectures on budgeting as well as other money related issues.
RBM in collaboration with the Ministry of Education and Malawi Institute of Education have integrated financial literacy curriculum topic in eight subjects at the secondary school levels. This curriculum is expected to be piloted in the country by September 2015. The subjects include Agriculture, English, Chichewa, Home Economics, Business Studies, Life Skills, Mathematics and Social Studies.
Opportunity International Bank of Malawi (OIBM) also commemorated Global Money Week with fun and educative activities. The activities included football and netball tournaments, dance and theatre performances, financial literacy meetings, bank visits as well as account opening for youngsters. OIBM placed particular attention on females to increase their participation in their formal financial sector.
OIBM’s agenda for the 2015 Global Money Week was specially designed to reach out to young people, especially females. The Bank engaged them in interactive sessions on the financial sector, informing them about money and what happens to it when it is at the bank. OIBM during the week sought to bring out the energy in young girls and eventually see them taking a center role in financial inclusion issues. The climax of OIBM’s Global Money Week celebration was a “Global Money Week Open Day” on March 17. This event brought on board young people from all circles, schools, communities, youth service organisations. These youngsters were provided the opportunity to open accounts with the Bank and listen to motivational talks from bank officials.
2014 Malawi Global Money Week
PARTICIPANTS:
- Reserve Bank of Malawi
- Opportunity International Bank Malawi
- Ministry of Education, Science and Technology
- Malawi Stock Exchange
- Traditional Leaders
- CECOYODE Malawi
DATE OF THE EVENT:
- 10th - 16th of March
NUMBER OF CHILDREN REACHED:
- 2 200
During Global Money Week, the Malawian government called upon all young people to develop a culture of saving and investment through a media campaign. This savings campaign, spearheaded by the Reserve Bank of Malawi (RBM), was run on television, radio and newspapers. Due to the interest in the campaign shown by the youth, Cecoyode Malawi intends to sustain the campaign, with slight realignments in order to target youths in schools. The media campaign was kicked off by a general press release that informed the public of Malawi’s participation in Global Money Week. Throughout the week, the government issued daily press releases themed on budgeting, saving, opening and maintaining a bank account, how to use an ATM, how and when to use a check book, investing, understanding financial fraud, how to determine counterfeit money, and how to lodge a complaint against a financial institution. On 10th March, there was an educational visit to the Central Bank. Students learnt about the role of the bank and how it executes its roles. This was achieved through a guided tour of the Central Bank, an address by the Deputy Governor, and presentations which were given by senior Central Bank Officers. On the 11th and 13th March Children’s Talk Show programme was aired on television. Children were engaged in a debate on how they want to manage their finances for economic and personal development. The talk show programme was pre-recorded live on 7th March.
Financial lessons were given on the 12th March where the organising team visited a learning institution to talk to teachers and students on financial education related matters.The highlight of the week was a visit to Malawi Stock Exchange on 14th March. Children watched a presentation on the operations of the Malawi Stock Exchange and they had the opportunity to ring the bell to mark the beginning of the day’s trading activities. After the Malawi Stock Exchange, children visited one of the major commercial banks to learn about the banking products and services and how they can develop a career with the banking industry.
Opportunity Bank Malawi employees enjoyed teaching primary school children about financial education during Global Money Week. Students visited 3 Opportunity Bank of Malawi branches. Malawian youth were invited to visit a selection of Premium Trust Bank branches to learn about the inner workings of a bank and what happens to their money when they open an account. On the 11th and 12th March, the bank employees held workshops, lessons and a quiz in primary and secondary schools at various schools and community centers.
