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2023 Kenya Global Money Week

PARTICIPATING ORGANISATIONS:

  • Kenya Post Office Savings Bank, Junior Achievement, Light For the World, Kenya Bankers Association, Central Bank of Kenya, Braeside School

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 6

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 4 098

NUMBER OF ADULTS REACHED DIRECTLY:

  • 1 100

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 10 000

Throughout Global Money Week 2023, the Kenya Post Office Savings Bank along with partners reached 5,000 children and 3,000 youth through several digital activities such as financial literacy sessions, job shadows and media interviews. Braeside School along with partners reached 1098 students through face to face, project based learning as well as online research sessions. The financial literacy sessions were offered to students by teachers, banking institutions and financial literacy professionals during scheduled times within the school timetable. During the sessions students participated in high-level discussions informed by the 2023GMW theme. A cross-section of teachers also had a session with a retirement advisor on how to plan for their money in preparation for retirement.

2022 Kenya Global Money Week

PARTICIPATING ORGANISATIONS:

  • Kenya Post Office Savings Bank

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 10

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 5,000

NUMBER OF ADULTS REACHED DIRECTLY:

  • 2,000

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 4,000

To celebrate Global Money Week 2022, Kenya Post Office Savings Bank held financial literacy sessions in institutions of higher learning from colleges to universities together with selected high schools. University students participated in online financial literacy sessions and were later asked to take part in a business plan competition. Chosen high schools held in person financial literacy lessons and students also competed in an essay writing challenge.

2021 Kenya Global Money Week

PARTICIPATING ORGANISATIONS:

  • Inuka Direct, Hesabu Dada Initiative, Making A difference Sisters, Pesa Savvy, Vijana Tupo Initiative, Zed The Financialist, Emerging Leaders Foundation

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 10

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 1,200

NUMBER OF ADULTS REACHED DIRECTLY:

  • 1,100

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 2,045

To celebrate Global Money Week 2021, Inuka Direct published three audio recordings on health, environment, crime and their relationship with money in regards to the socio-economic, cultural and political dynamics. These recordings were published on Inuka Direct's social media platforms including Instagram, Facebook, Twitter and LinkedIn.

Hesabu Dada along with partners reached over 5,000 children and youth through several digital activities on Instagram live, podcasts, and zoom sessions.

2019 Kenya Global Money Week

LEADING ORGANISATIONS:

  • Care International Kenya
  • Inuka Direct
  • Kenya Women MicroFinance bank
  • Monture Africa Ltd
  • Pesa Savvy Limited
  • Postbank Kenya

PARTICIPATING ORGANISATIONS:

  • 1 Financial Institution, 84 Schools, Action for Children Development Trust, Central Bank of Kenya, Embakasi Girls High School, Fantasy Soccer Academy, Hope World Wide Kenya, Junior Achievement Kenya, Kenya Bankers Association, Neighbors Initiative Alliance, Oloolaiser Boys High School, The Kenya High School, The Kibabii Academy

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 10 563

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 11 755

Pesa Savvy Limited
Prior to Global Money Week 2019, Pesa Savvy organised an essay writing competition to raise awareness on the state of sports betting and gambling among youth in Kenya. During the Week, the organisation hosted games and a financial literacy workshop, during which the winners of the competition were announced and awarded. The games highlighted Learning about money, Saving, and Earning money.

Inuka Direct
During GMW2019, Inuka Direct, together with the Fantasy Soccer Academy, delivered 90-minute sessions on budgeting and savings. In the first half of the sessions, the participants took part in the “GMW-Hangout”, where they were challenged to create a budget and were asked to prepare a consumption map, to understand the impact of their spending behaviours, not just for themselves, but also for their families, schools and communities. The second half of the sessions consisted of football matches, where the children learnt about budgeting and banking. This enabled them to understand the decisions they make with their money.

Care International Kenya
During GMW2019, Care International in Kenya, working with Hope Worlwide Kenya and Neighbors Initiative Alliance, trained 474 adolescents in 19 schools across Kajiado and Mukuru in Financial Literacy. The training entailed aspects of savings, budgeting, and borrowing. The adolescents learnt about different ways of savings and received information about formal financial institutions, where they were able to open formal savings accounts.

Monture Africa Ltd
Throughout Global Money Week 2019, Monture Africa, along with its partners, organised visits to primary schools. During the Week, financial literacy awareness sessions were offered to children, youth, and adults. The sessions included, but were not limited to, essay writing and drawing competitions.

Postbank Kenya
Postbank Kenya officially launched their GMW celebrations at the Nairobi Technical Training Institute. Throughout the Week, representatives from the bank conducted financial literacy sessions in high schools and campuses. Furthermore, essay writing competitions and branch competitions were organised. The students wrote essays on different creative ways to earn money for themselves and their families. In institutes of higher learner, students were asked to mobilize their fellow students to start saving at the bank.

Kenya Women MicroFinance bank
Once again, Kenya Women Microfinance Bank (KWFT) participated in GMW2019, by holding a job shadow for high school students. The day started with an icebreaking activity, where trivia questions were asked on money matters, current affairs and general knowledge. After this, a presentation was held on the KWFT, giving the students an overview of the Bank’s business and success. The job shadow begun with a session conducted by the Bank Directors, teaching the students on topics as earning, saving and spending. The job shadow activity itself was organised in ten different departments, allowing the students to receive a hands-on experience by carrying out tasks under the guidance of the bank staff. The day ended with a recap and roleplay session, where the students got a chance to role play as the heads of the various departments that they visited. The bank representatives offered a case study on new market entry for the bank in a foreign country. The students were asked to propose strategies on the market entry, based on the knowledge they gained from the previous activities. Every student received a KWFT certificate.

2018 Kenya Global Money Week

LEADING ORGANISATIONS:

  • Cardinal Elementary School, All I Can Be Ltd.
  • Care Kenya, Postbank Kenya
  • Central Bank of Kenya, Junior Achievement Kenya
  • Inuka Direct
  • Kenya Women Microfinance Bank (KWFT), Kenya Bankers Association (KBA), Junior Achievement Kenya
  • Postbank Kenya
  • Zed the Financialists

PARTICIPATING ORGANISATIONS:

  • All 99 branches of Kenya Post Office Savings Bank, All I Can Be Savings and Credit Cooperative Society Ltd., Capital Markets Authority, CAPYEI, Danons High School, Design Pulse, Embakasi Girls High School, Hope World Wide Kenya, Inuka Direct, Kenya High School, Kenya National Library Services, Kibera Childrens Home, Kilimani Primary School, Monture Africa, Moran Publishers, Neighbors Initiative Alliance, Nyeri Youth Sports Academy, Postbank Kenya, Ruai Girls High School, St George’s Secondary School, Stanbic Bank, UNISCOO, 7 schools

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 15 393

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 37 307

Central Bank of Kenya
The Central Bank of hosted 450 school children. Furthermore, students visited the CBK Numismatic Museum and the Capital Markets Authority. Junior Achievement Kenya organised visits for students to various financial institutions for a job shadow programme. A financial literacy programme, teaching children to earn, save, spend and donate was organised for primary school children. CAPYEI organised a financial literacy programme, a debating competition on the theme “money matters matter” and visits to banks. Monture reached out to children and youths in Children’s Homes and Rehabilitation Centers. Postbank organised events in all of its 99 branches across Kenya. UNISCOO organised a GMW Youth Employability Summit (GMWYES), which was a two-day training, educational and motivational forum tailored for Kenya’s youth. UNISCOO launched Youth Employability White Paper, focusing on kick-starting a conversation on youth employability, delving deeper into the relevance of the theme 'Money Matters Matter.

Postbank Kenya
The Chief Operations Officer officially launch Global Money week at a school. Students across the country participated in Essay writing competition on how money matters matter in their community and the nation. A job shadow session was organised for students in ten branches of the bank. In total, all 99-bank branches participated.

Inuka Direct
In an effort to attain the Sustainable Development Goal no. 12, Inuka Direct organised interactive sessions to sensitize participants on the impact of their spending decisions. This was done in collaboration with Nyeri Youth Sports Acedemy on the slopes of Mount Kenya. The events were undertaken by way of small sided football games, which simulated the concept of 'goods and services' and 'needs and wants'. They events were aimed at equipping participants with decision making, communication, critical thinking and teamwork skills. The games were preceded with a GMW hang-out session which included challenging participants to undertake tasks such as preparing a 'consumption map' of their neighborhood to drafting a 'letter to the youth'.

Kenya Women Microfinance Bank (KWFT)
Kenya Women Microfinance Bank (KWFT) took part in the 2018 Global Money Week celebrations by conducting a job shadow activity at the bank’s Head Office. In partnership with Kenya Bankers Association and Junior Achievement Kenya, KWFT was able to host 3 high schools within Nairobi. Multiple sessions were organised. The first was on the theme “Money Matters Matter”. The second was a job shadow activity with the bank’s departments. Furthermore, one-on-one sessions with the three Executive Directors of the Bank were organised.

Care Kenya
During GMW2018, CARE International in Kenya, together with Hope Worldwide Kenya, Neighbors Initiative Alliance, Women Researchers of Kenya and Post-bank Kenya organised sessions with schools and school groups. Literacy sessions, account opening sessions, debates, essay competition and drawing competitions were organised.

Zed the Financialists
Throughout the Global Money Week 2018, financial Literacy Awareness sessions were offered to children, youth, and adults, including sessions on how to save, spend wisely and earn from our hobbies. Discussions, seminars, and other educational sessions were organised during visits to schools.

Cardinal Elementary School
Students of Cardinal Elementary School Utawala, facilitated by All I Can Be Ltd, were actively engaged in learning about money. The children set up and operated a real market place, through which they modeled various scenarios, which facilitated understanding of the market environment. They experienced purchase, sales, aftersales processes and related considerations / challenges. All sales proceeds go towards supporting their respective club activities. Students visited Stanbic Bank’s Buru Buru Branch. The children were also very excited to visit the Library at Buru Buru. A Q&A session with Mr. David Nzioki from Moran Publishers, a leading publishing house in the region was organised for the children.

2017 Kenya Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

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 programme 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 organising 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 ORGANISATION:

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) Programme

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND 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, organised 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 organise 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 organise 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 THE 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 organise ‘Children and Youth Talks’, ‘Job Shadow Days’, and competitions on the GMW theme: “Save today. Safe tomorrow.”

Ring the BellThe 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 organised 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 DayKenya 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 ChallengePostbank Kenya organised 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 CampaignsImperial 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:

DATE OF THE EVENT:

  • 9th - 15th of March

NUMBER OF CHILDREN REACHED:

  • 320

PRESS:

With several organisations and institutions taking part, Kenya had a number of exciting activities planned for Global Money Week. Fun activities were organised 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 Programme 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 organised 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 THE ORGANISING ENTITIES:

  • 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 Organisations (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 organised 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 organised group discussions and presentations on “General themes [and] how to teach Zero Budget Concept to Youth and Children Organisations” lead by Ms. Dorothee and Ms. Johanna.

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