2023 Tanzania Global Money Week
GMW NATIONAL COORDINATOR:
- Institute Of Accountancy Arusha Dar Es Salaam Campus
PARTICIPATING ORGANISATIONS:
- Institute of accountancy Arusha, VM financial education foundation,Tanzania association of women accountants,CMHL Royal logistics company limited, Capital Market and Security Authority, Kerege Secondary School
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 6
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 5 000
NUMBER OF ADULTS REACHED DIRECTLY:
- 100
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 5 100
Throughout Global Money Week 2023, the VM financial education foundation along with partners reached 5000 children and youth through training and workshops. University students were able to participate in a competition conducted by Capital Market and Security Authority, which aimed at providing knowledge on different ways on which they can invest in the capital market, to be aware of the function of the capital market, and know how they can maximize their wealth through the capital market.
2022 Tanzania Global Money Week
GMW NATIONAL COORDINATOR:
- Institute Of Accountancy Arusha Dar Es Salaam Campus
PARTICIPATING ORGANISATIONS:
- Vm Financial Education Foundation, University of Dar Es Salaam, Bank of Tanzania, Dar Es Salaam Stock Exchange, Capital Market Security Authority, Ministry of Finance, Utt Amis Pandahili Secondary School, Benjamini Mkapa High School, Senderwood Pre and Primary School, St Joseph Cathedral High School, Jangwani Girls High School, Brack Limited, Conerstone High School, Seckyland of Fashion, Tol Gases Ltd, Cmhl Royal Logistic Company Limited, One Nagg Group Ltd, Sephiola Technologies, Vikoba Endelevu, Kijitonyama Science Secondary School
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 25
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 7,000
NUMBER OF ADULTS REACHED DIRECTLY:
- 500
NUMBER OF PEOPLE REACHED INDIRECTLY:
- Not reported
Throughout Global Money Week 2022, VM Financial Education Foundation and Institute of Accountancy Arusha along with other partners, reached 7,000 youth and children. Activities such as a seminar, essay competition, public lecture, study tours to Bank of Tanzania, Capital Market Security Authority and Dar Es Salaam Stock Exchange were conducted.
The CEO of Capital Market Security Authority bought shares of Tsh 100,000 to each university student who attended the seminar that encouraged youth to learn more of investment and how to choose shares from the market before investing.
Seminars targeting farmers and livestock keeper from TABROFA and VICOBA (small groups of saving and investing) had an opportunity to learn on how to be smart about their money by gaining insights into other means of investing.
VM Financial Education Foundation also hosted an essay competition on “Financial Discipline is the Key to Success” for secondary school students. 3000 students from public and private school took part in it, but only three winners were awarded laptops.
Moreover, a public lecture attended by 200 people was held on March 25th. The speakers from Ministry of Finance and Planning explained the Tanzania financial sector development master plan. He emphasised on the importance of financial education and how the ministry is planning on providing financial education to the community. Other guest speakers included Dar es Salaam Stock Exchange, Capital Market Security Authority and UTT AMIS. Additional one-on-one session on financial literacy and market outreach was held on March 26-27.
2021 Tanzania Global Money Week
PARTICIPATING ORGANISATIONS:
- The Latham School, Ennovate Hub
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- Not reported
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- Not reported
NUMBER OF ADULTS REACHED DIRECTLY:
- Not reported
NUMBER OF PEOPLE REACHED INDIRECTLY:
- Not reported
To celebrate Global Money Week 2021, the Latham School oganised motivational talks about earning and saving. They welcomed parent speakers, and asked children to come up with business ideas that they can exhibit and sell. Moreover, Ennovate Hub organised "Global Money Week - University Hackathon Challenge" for university students. Youth were required to come up with their ideas that can leverage technology to promote economic development in Tanzania. The winner received Cash Prize and a Business Incubation Support. In addition, Ennovate Hub held series of events for young entrepreneurs, so that youth could learn new financials skills and connect to financial institutions that could potentially partner with their businesses.
2019 Tanzania Global Money Week
LEADING ORGANISATIONS:
- BRAC Tanzania
- St. Constantine’s International School
PARTICIPATING ORGANISATIONS:
- 1 Microfinance group, 4 Media Organisations, East African Community Secretariat- Common market, Customs Union and Monetary Union, St Joseph Millenium Secondary School, The First National Bank Tanzania- Arusha Branch
NUMBER OF CHILDREN REACHED DIRECTLY:
- 132
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 5 759
BRAC Tanzania
During GMW2019, BRAC Tanzania, along with its partners, organised visits to schools and a visit to BRAC, for a financial education seminar. An awareness campaign was conducted for BRAC staff members. The staff participated in financial education seminars, which took place in two regions. In Arusha region students from St Constantine School visited BRAC and participated in a seminar. After which they visited a microfinance group meeting to understand the operations of the microloan group system. Media representatives from local prominent newspapers were also invited to cover the activities. In Dar es Salaam over 15 staff members visited a secondary school St Joseph Millennium Secondary and educated the students on financial literacy. Students were accompanied by their teachers, Dean of Academics, and Head Teacher. A debate was conducted by the students on money matters. The activities in Dar es Salaam were chaired by the Programme Manager of the Small Enterprise Programme.
St. Constantine’s International School
During GMW, students and teachers visited the East African Community. During the visit, two lectures were provided. The first one was on the Customs Union, Common Market and the Monetary Union, and the second was on Trade and Investment Opportunities within the EAC: The Role of Youth. The students had the opportunity to ask questions about the importance of the EAC, the opportunities and challenges in the progress of integration and what the role of youth is during this process. Furthermore, older students were asked to conduct financial literacy lessons for the younger students in the school. Students were invited to the First National Bank Tanzania, where a representative taught them about savings, credit limits, keeping records, and learning how to save early on in life. Additionally, the students were taught about how saving can differ in different stages of one’s life. Finally, the students visited Brac Microfinance Women Group, where women talked about saving and small investments.
2018 Tanzania Global Money Week
LEADING ORGANISATIONS:
- BRAC Tanzania
- Junior Achievement Tanzania
PARTICIPATING ORGANISATIONS:
- Accelerated Learning Process Project, BRAC Maendeleo Tanzania, BRAC Tanzania Finance Limited, BRAC Zanzibar, Dar Es Salaam Stock Exchange, Empowerment and Livelihood for Adolescents (ELA), Jangwani Secondary School, NiC Bank, Tambaza Secondary School
NUMBER OF CHILDREN REACHED DIRECTLY:
- 2 970
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 18 491
BRAC Tanzania
In 2018, BRAC Tanzania reached out to sensitize the community through its various projects throughout Global Money Week. Throughout the Week, BRAC Tanzania carried out more than 2,624 Microfinance meetings aimed at training and boosting growth among beneficiaries, with a total of 151,182 participants. These groups received financial literacy on a variety of issues such as the importance of savings and innovation. They also got useful business development tips. 18,357 Maize and poultry farmers were trained in modern agricultural techniques as well as financial skills. They were also provided with small loans to expand and enhance their businesses. 6,611 Small Enterprise Programme beneficiaries received training and technical support on business management and savings. The training was tailor-made to suit their needs as small-scale traders as it contained several units aimed at optimizing production and maximizing profits. Since many young girls in Tanzania are at high risk of early pregnancies, the Empowerment and Livelihood for Adolescents (ELA) project provides girls with life skills to develop their independence and overcome such challenges. During GMW2018, ELA conducted workshops where they discussed issues related to money and savings. Primarily, the aim was to help them cultivate a saving culture and enhance their financial discipline but also served to remind the girls on the importance of economic independence. ELA Microfinance beneficiaries were also present to give inspirational speeches to other members. Through BRAC's ELA clubs, the ELA mentors led discussions with topics related to savings throughout the week. The workshop brought together 100 participants from Dar es Salaam, Iringa, Mbeya and Dodoma. At the close of the week, the Accelerated Learning Process Project, funded by NORAD in the Tanga region, brought together 800 girls who had received livelihood training, and supported with equipment, to discuss and exchange ideas about their businesses. The girls shared investment opportunities and business models. Over the past decade, BRAC has improved access to finance to advance women's empowerment, provided education for children and improved livelihoods and skills for smallholder farmers. Currently, BRAC is implementing education, youth development, early childhood development, microfinance, agriculture, poultry, small enterprise, agri-finance and investment funds projects across 127 branches in 20 regions across the country.
Junior Achievement Tanzania
During a visit to the Dar Es Salaam Stock Exchange, 50 students from Jangwani and Tambaza Secondary Schools had the opportunity to learn about investing through shares. DSE trainer hosted a half-day training with students and talked them through investing in shares. During the Week, 20 students from the schools had the opportunity to visit NiC Bank Tanzania. They spent the day learning about how banks operate by visiting several NiC Bank departments, speaking to employees and were given the chance to practice the work. NiC Bank’s employees acted as mentors to the youngsters and helped them to choose the right career path.
2017 Tanzania Global Money Week
PARTICIPATING ORGANISATIONS:
NUMBER OF CHILDREN REACHED DIRECTLY:
- 4500
In 2017 in Tanzania, students of the BRAC Education Programme participated in Global Money Week in various ways. BRAC raised financial awareness during the Week by focusing on how to deposit money for the future, how students can properly utilize apprentice opportunities and how the financial markets function.
Additionally, students learnt about the various types of financial products and services, the importance of saving and pragmatic financial behaviour. The focus during the Week was placed not only on the preservation of money (saving), but also on the preservation of the planet.
BRAC has various education programs directed at alleviating poverty and improving standards of education that contributed to their Global Money Week activities such as the Girls Education Challenge, BRAC Maendeleo, which aims to provide materials to initiative library programs, the Accelerated Learning Process (ALP) Project, which aims to give exclusive livelihoods and skill enhancement support, together with financial literacy, to students who have dropped out of secondary school. There is also the “play lab” school under the BRAC education programme, which provides free education targeted to marginal and vulnerable children.
Furthermore, on 1 April, the Dar es Salaam Stock Exchange launched the DSE SCHOLAR INVESTMENT CHALLENGE, an edutainment programme made for students from higher learning institutions across Tanzania. This year, the stock exchange hosted the Institute of Accountancy Arusha, the winner of the 2016 Investment Challenge, to officially launch the challenge. The Investment Challenge runs every year from 1 April to 30 June, and aims to instill a culture of savings and investment amongst youth in various Tanzanian learning institutions.
Recognizing the alignment of the awareness raising objectives of Global Money Week with the DSE SCHOLAR INVESTMENT CHALLENGE, DSE officiated the joint commemoration of Global Money Week 2017 and the launch of the 2017 DSE SCHOLAR INVESTMENT CHALLENGE througha bell ringing ceremony and press conference which was held at the offices of the Dar es Salaam Stock Exchange PLC.
2015 Tanzania Money Week
PARTICIPANTS:
- Plan International, Tanzania Commission for Science and Technology (COSTECH), the Youth Saving and Loans Associations (YSLAs), Tanzania Youth Vision Association, University of Dar es Salaam and Buni Innovations
DATE OF THE EVENT:
- 9th - 17th of March
NUMBER OF CHILDREN REACHED:
- 53
The organisation leading the Global Money Week 2015 celebrations in Tanzania were Plan International Tanzania, Tanzania Commission for Science and Technology (COSTECH) and the Youth Saving and Loans Associations (YSLAs). Other participants included the Tanzania Youth Vision Association, University of Dar es Salaam and Buni Innovations.
Activities marking the week included youth workshops and training sessions and exhibition. There activities were held in Dar es Salaam, Temeke and Mbeya. Members of the Youth Savings and Loans Association (YSLAs) participated in exhibitions and workshops on entrepreneurship skills and financial literacy. Plan Tanzania interviewed female entrepreneurs who were members of YSLAs. The interviews established income generating enterprises through Banking on Change initiative in Temeke. The interview essentially touched on the lives of these young entrepreneurs, their experiences as business owners and being members of the YSLAs and Banking on Change initiative. The interview was published and promoted during the week to motivate other youngsters to start their own business. Furthermore, it has served to inform youngsters of the various opportunities and assistance that exist for young entrepreneurs.
2014 Tanzania Money Week
PARTICIPANTS:
- BRAC Tanzania
- Micro-credit Summit Campaign
DATE OF THE EVENT:
- 12th of March
NUMBER OF CHILDREN REACHED:
- 250
PRESS:
BRAC Tanzania participated in a webinar co-hosted by Child & Youth Finance International with the Microcredit Summit Campaign. This webinar explored how microfinance can be more inclusive to children and youth and featured a presentation from BRAC Tanzania on their “Empowerment and Livelihoods for Adolescents Programme” which works to socially and financially empower youth (age 11-19), mostly girls, through a combination of life skills education, livelihoods training, financial literacy, credit support, club activities, and community participation. The programme aims to build girls’ confidence, instill a sense of self-worth, encourage positive behaviour changes, and improve their quality of life. BRAC Tanzania discussed with CYFI and the youth the main programme features and some key successes, lessons learnt and challenges and opportunities ahead.
2013 Tanzania Money Week
NAME OF THE ORGANISING ENTITY:
- ICS Meatu
PARTNER:
- Aflatoun
DATE OF THE EVENT:
- 17th and 18th of March
The event during Global Money Week included competitions in which Aflatoun clubs from each school participated in a competition based on an understanding of Aflatoun concepts. Judges for the competition from the district’s sport and game department judged the event and declared the winners. The winners from each group won balls, drums and volleyball nets Parents. Teachers village leaders and other non Aflatoun children were invited to celebrate the day.
The activities that will involve during the day included:
- Singing the Aflatoun song and motto
- Exhibition of Aflatoun children art works (Financial enterprises)
- Choir, drumming, and poetry( Social Enterprises) to spread key messages
Name of organising entity - Camfed Tanzania
Young women ran the Revolving Loan Scheme to bring safe saving and borrowing options to their peers in 10 rural districts.