Cape Verde

2019 Cape Verde Global Money Week

LEADING ORGANISATIONS:

  • Central Bank of Cabo Verde (BCV), Association for the Promotion of Financial Education (PROFIN), Cabo Verde Stock Exchange (BVC), Association of Young Economists (AJECON)

PARTICIPATING ORGANISATIONS:

  • Association for Consumer Protection (ADECO), Associação Comunitária de Safende, Cabo Verde Woman´s Organisation (OMCV), Centro de formação Profissional - CCFPO, Escola de Ciências Agrarias e Ambientais da Universidade de Cabo Verde (ECAA), Escola de Negócios e Governação da Universidade de Cabo Verde (ENG), Estudantes de quarto ano do curso de desporto da Universidade de Cabo Verde, Grupo de animação infantil Kutumbembem, Instituto Superior de Ciências Económicas e Empresariais (ISCEE), Instituto Superior de Ciências Jurídicas e Sociais (ISCJS), Municipality of Praia (SEPAMP), OEJJuventude (Youth Association), Radio Cidade, Radio Comunitária de Ponta d’água, Radio de Cabo Verde - RCV, Radio Praia FM, Universidade de Santiago (US), Universidade Jean Piaget de cabo Verde

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 2 500

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 7 000

Central Bank of Cabo Verde (BCV)
The 2019 edition of Global Money Week was coordinated by the Central Bank of Cabo Verde (BCV), Association for the Promotion of Financial Education (PROFIN), Cabo Verde Stock Exchange (BVC) and Association of Young Economists (AJECON). During the Week, financial literacy awareness sessions were offered to children, youth, families and entrepreneurs. The sessions included school visits, training, workshops and lectures, visits to financial institutions (Central Bank and Stock Exchange), conferences, financial challenges for university students (Financial Education Olympics), a financial rally and other financial literacy sensitization were also promoted by various stakeholders in universities and communities. Financial education workshops were organised by PROFIN for university students, where they learnt how to use money responsibly and were introduced to the importance of saving, responsible money management, improving skills, and strengthening financial capability to make wise money choices. A major conference on Financial Education was organised by the University of Cabo Verde in partnership with PROFIN, OMCV and SEPAMP, to also commemorate the Women’s national day. Following the conference, university students (Financial Education Multipliers) conducted a sensitization in the major national informal market, where they helped female entrepreneurs how to manage wisely their money. The awareness material was prepared by PROFIN. University students took part in three training sessions (Financial Education multipliers), where they learnt how to raise awareness on the importance of financial education, to improve the quality of life of families, and to support entrepreneurs. They participated in the awareness campaign in the communities, which benefited about 300 families. The Central Bank of Cape Verde received first year university students for a guided visit and organised lectures about the financial system, the history of money, and the importance of savings. The Cabo Verde Stock Exchange (BVC) received first year university students for a guided visit and organised lectures about the financial market in Cabo Verde and the work of the Stock Exchange in the financial system. The Association of Young Economists (AJECON), promoted a financial walk (Saúde na corpo i na bolso) to show the connection between being fit and healthy with a good future for communities and prosperity, which translates to their overall financial and health fitness. All stakeholders engaged in GMW2019 organised a “Financial Education Olympics” promoted by the Central Bank of Cabo Verde. 4 universities were invited, and a lot of traditional games were conducted by students of the Sport Department of the Cabo Verde University. PROFIN organised a community rally with children from Kutumbembem cultural group to sensitize them about the importance of money and the need to take responsibility for a better and more prosperous future. Three radio stations engaged in GMW2019 and they spread the message across the population about the GMW initiative, the importance of money, and the need to manage wisely our money for a better future.


2018 Cape Verde Global Money Week

LEADING ORGANISATIONS:

  • Association for the Promotion of Financial Education (PROFIN)

PARTICIPATING ORGANISATIONS:

  • Association for Consumer Protection (ADECO), Association of Young Economists (AJECON), Camara Municipal of Santa Cruz (CMSC), Comunitária de Ponta d’água Radio, Comunitária de Santa Cruz Radio, Delegation of the Ministry of Education in Santa Cruz, Educativa Radio, Movimento Jovens pela Paz (Youth Movement for Peace), Programa OPORTUNIDADES, Regional Commission of Partners of Santiago Norte, Universidade de Cabo Verde/Escola de negócios, 18 schools

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 1 150

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 4 000

Association for the Promotion of Financial Education (PROFIN)
Cape Verde has regularly participated in Global Money Week and a huge event was organised in the municipality of Santa Cruz for the 2018 edition. Coordinated by PROFIN with the support of the Municipality and a delegation of the Ministry of Education, financial education workshops were dedicated to all children in grades 5 and 6 (aged 10 and 11). Children learnt how to use money responsibly and were introduced to the importance of saving and making wise money choices. The municipality of Santa Cruz is home to the poorest communities in the country but also to the greatest potential for development. The concentration of most GMW2018 activities in this community benefited children who are at a critical stage in their education. By taking part in these activities, children can spread their financial knowledge in their homes and neighborhoods. Throughout the Week, 85 adults took part in three training sessions where they learnt how to raise awareness on the importance of financial education, to improve the quality of life of families, and to support entrepreneurs. The trainees participated in the campaign in Santa Cruz, which benefited all the elementary schools in the area. Financial Education workshops were held for students in grades 10 and 11 (aged 15 to 17). Thanks to radio stations, the message was spread across the population about the importance of money and the need to take responsibility for a better and more prosperous future. Cape Verde is a country with great ambitions but, in many cases, families are not able to save and find themselves in debt. GWM is an important annual event that raises awareness among the population on the importance of money in their lives and allow them to effectively participate in the country's development. The participation of the Association of Young Economists (AJECON) was essential in achieving the widespread results.


2017 Cape Verde Global Money Week

LEADING ORGANISATION:

  • LIFE - Association for financial literacy promotion

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 500

LIFE - Association for financial literacy promotion launched GMW 2017 with 50 kids in Safende Neigbour on 27 March 2017. Other activities organised as part of the GMW 2017 celebrations were the conference for college students on 28 March and an educational session with youth in a community center on 29 March. 1 April marked the most festive day of Global Money Week celebrations in Cape Verde with many fun and educational activities for children and youth, including radio talk shows with kids about financial literacy and a football match with 200 kids to raise money awareness!

2016 Cape Verde Global Money Week

LEADING ORGANISATIONS:

  • Cape Verde National Poverty Alleviation Programme

PARTICIPATING ORGANISATIONS:

  • Elementary School of Safende
  • Group of young artists of Praia City

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 32

Cape Verde joined the Global Money Week celebrations for the first time this year, with three days of activities planned in the capital between the 16 - 18 March. On Wednesday, a session on the topic “Money as a friend for youth” was held for students between 13 and 18 years of age. The students also had some time allotted for them to ask their questions after the presentation about GMW, the origins of money and the importance of saving. The following day, the same session was hosted by the Elementary School of Safende, for children between 10 and 12 years of age. Finally, a workshop on the theme “Earn, manage and save money” took place for a group of young artists.