Global Money Week

2017 Democratic Republic of Congo Global Money Week

Leading Organizations:
Central Bank of Congo (BCC)
APPEC-EDUCATION

Participating Organizations:
Association Professionnelle des Coopératives d’Epargne et Crédit du Congo (APROCEC)
COPEMECO(Confédération des Petites et Moyennes Entreprises du Congo )
GIZ(Coopération Allemande au Développement)
SCPT(PostFinance)
TMB(Trust Merschant Bank)
BOA(Bank of Africa RDC)
INPP(Institut National de Préparation Professionnelle)
A+B=3(Hong-Kong)
Fédération des Entreprises du Congo(FEC)
ANIMF(Association Nationale des Institutions de Micro-Finance de la RDC)
ACB(Association Congolaise des Banques )
A+B
CEPACO(Collectif des Ecoles Privées Agrées du Congo)
SONAS(Société Nationale d’Assurances)
Ministère de l’Education Primaire Secondaire et Professionnel(MINEPESP)

During Global Money Week 2017, APPEC-EDUCATION, a professional association which deals with financial education and youth entrepreneurship issues, in collaboration with the Central Bank of Congo and other partners, has planned to reach 5,000 young people and children by organizing a Visit to the National Parliament of the Democratic Republic of Congo. Young people will have the opportunity to discuss with the deputies especially the ones in charge of the Committee of Economy and Finance, and matters related to the budget. In DRC, in March, it is the opening of a new parliamentary mainly dealing with budget related matters.

During the GMW 2017, sessions to raise awareness on financial literacy will be offered to children, young people and adults, including sessions for the development of a personal budget by volunteers trained by APPEC-EDUCATION.

General discussions, seminars, and other educational sessions have been organized around the different professions and that is the reason why there will also be a guided tour within the INPP (Institut National de Preparation Professionelle) workshops. In addition, an exhibition, pictures of finance Edition 2017, will be opened the 29th of March on two sites and it will involve at least 1200 young people and the persons in charge. This will be done with the support of our partner A + B = 3 a financial education organization based in Hong Kong.

During the week, young people will have the opportunity to visit Post Finance services with the imminent launch of school savings. Moreover, this year on the 31st of March the launch of the “Bank the youth campaign” will be organized in DRC. This joint campaign between CYFI and UNCDF aims to promote a set of recommendations to policy-makers to improve the financial inclusion of young people.


2016 Democratic Republic of Congo Global Money Week

Leading:
Central Bank of Congo
Association pour la Promotion de l’Education à l’Entrepreneuriat au Congo (APPEC-Education)
Perex-CV/ Vision Globale d’Orientation des Jeunes

Participanting organizations
Ministry of Primary and Secondary Education and of the Initiation to the New Citizenship (MINEPS-INC)
Programme d’Appui au Secteur de la MicroFinance (PASMIF)
German Development Cooperation Agency (GIZ)
Association Congolaise des Banques (ACB)
Association Nationale des Institutions de Micro-Finance (ANIMF-RDC)
Association Professionnelle des Coopératives d’Epargne et de Crédit R.D.C. (APROCEC)
Confédération des Petites et Moyennes Entreprises Congolaises (COPEMECO)
Advans Banque Congo
Banque Internationale pour l’Afrique au Congo (BIAC)
SODAK
Trust Merchant Bank (TMB)
Finca
i-Finance
Coopec Bomengo
Coopec Bomoko
Coopec MEC-CAPROS
Coopec MEC-IDECE
Coopec Mucec
Coopec Mufessakin
Mecreco (Mecre Kinshasa, Ngaliema and Masina)
A+B=3
Aflatoun International
Altitude Concept
Reseau Race

Date of the event:
13th - 20th of March


Total number of children & youth engaged: 57 377
Total indirect reach: 47 500

With three leading organizations raising awareness on financial education and inclusion in the country, 2016 was an impressive Global Money Week 2016 for DR Congo! The activities of the Central Bank of Congo involved almost 19,000 participants during the Week, which was a massive increase for the Bank’s second time participating in GMW celebrations. For three entire days, the Bank opened its doors to nine schools from different districts in Kinshasa where they could:

  • Visualize the history of money production and the life circuit of a bank note
  • Visit the money museum
  • Visit the department for treasury and the grinding room for bank notes that are improper for distribution
  • Play financial quiz games with senior executives from the Central Bank

GMW then continued for the following two days with discussion panels about savings between financial institutions and students from 11 schools. In parallel throughout the Week, the professional associations organized visits of financial institutions to schools, and of students to financial institutions, where conferences and debates took place about various financial issues.

APPEC-Education, one of last year’s leading organizations of Global Money Week, in collaboration with its partners ACB, AMIMF, APROCEC, and COPEMECO, reached out to almost 9,000 young people throughout the Week. With the support of GIZ, visits were organized for school and university students to banks, credit unions, and – newcomer this year to GMW – Congolese microfinance institutions. These visits gave youth, parents and teachers the opportunity to learn more about these financial institutions, the financial products available for children and youth and their advantages for money management. Many students already wanted to open bank accounts on the spot, but financial institutions encouraged to proceed with the opening of bank accounts directly in the schools, under the supervision of the teachers and with parental authorization. Money management and savings was also the theme of Saturday’s sessions on creating a budget and savings options, which combined educational content with fun games. In addition, the participating schools agreed to have 25 minutes of financial education in class every morning before the visits. Finally, two workshops were organized for the youth, which focused on money management and savings.

Furthermore, as a follow up, APPEC-Education dedicated to continue raising awareness about financial education after the Week by organizing an art exhibition “Finance in pictures” (“Finances en images”), which is hosted by APROCEC for an entire month and is expected to reach at least 300 people. This exhibition was made possible thanks to the help of A+B=3, an organization supporting the Congolese GMW from Hong-Kong!

Perex-CV, also leading GMW activities for the second time in DRC, organized three days of activities in Butembo. They reached out to local authorities to explain what GMW was and the importance of teaching children and youth about money. Visits with participating schools were made to financial institutions to share their work and function with students. Perex-CV insisted on the utility of bank accounts during the visit at the SODAK microfinance institution, and ten youth have since then benefited from free bank account openings. GMW was a new event in Butembo, and it helped youth understand the importance of saving smart for entrepreneurship and investment. The banks asked Perex-CV to continue to raise awareness about sound money management so that the youth can start their enterprises.

 

2015 Democratic Republic of Congo Global Money Week

Leading:
Banque Centrale du Congo(BCC)
Association pour la Promotion de l’Education à l’Entrepreneuriat au Congo (APPEC-EDUCATION Asbl)
SMART Money
Participants:
Association des Professionnels des Coopératives d’Epargne et de Crédit du Congo (APROCEC)
Organisation des Jeunes du Monde Avenir (OJMA)
Banque Commerciale du Congo (BCDC)
Coopération Allemande au Développement (GIZ)
COLLEGE SAINT JOSEPH
GROUPE SCOLAIRE SAFAK
GROUPE SCOLAIRE AURORE
LYCEE BOSANGANI
COMPLEXE SCOLAIRE LES LOUPIOTS
LYCEE KABAMBARE
Date of the event:
9th - 17th of March
Number of children reached:
4 450

Democratic Republic of Congo celebrated Global Money Week to great fanfare with the participation of the Central Bank of Congo. The Central Bank opened its doors to youth for the first time with the aim of raising awareness on financial literacy and generate future economic citizens. 180 students from 6 schools of the city of Kinshasa participated to the event. This included a guided tour of the Money Museum where students got the opportunity to learn the history about the Congolese Money, a visit to the currency manufacturing plant, bank visits and tours (of different bank counters, of counting room of banknotes, and the room where banknotes classified as unfit for circulation are perforated), games and quizzes. Youth also had the opportunity to interact with the Governor of the Central Bank.

gmw 2015 congo

All of the talks and presentations focused on the overall theme of Global Money Week which is saving for a better and safe future. Students and their teachers strongly appreciated the opportunity that extended to them and expressed the hope that such activities be annual event and with a larger outreach.

During Global Money Week, public awareness increased on various topics related to finance as Smart Money hosted a television program which was seen throughout the country.

Association pour la Promotion d’ Education à l’Entrepreneuriat au Congo (APPEC-EDUCATION Asbl) with the support of GIZ and in partnership with other local partners, carried out different awareness activities and facilitated visits to microfinance institutions and banks for more than 4000 youth and children. They also led discussions on how to unleash the potential of youth entrepreneurship and hosted a debate with youth on the theme: ‘Youth Entrepreneurship in Disadvantaged Environment -The Challenges and Conditions for Success’. They closed their Global Money Week with a celebration of Aflatoun Day.

 

2014 Democratic Republic of Congo Global Money Week

Participants:
PEREX-CV
Banque Internationale Pour l’Afrique au Congo
Date of the event:
10th - 16th of March
Number of children reached:
100

Programme d’Encadrement et de Reinsertion Socio-Economique des Jeunes Ex Combatants avec autres Vulnerables (PEREX-CV), an NGO dedicated to bettering the lives of young ex-combatants, lead the Global Money Week 2014 celebrations. PEREX-CV collaborated with the International Bank of Africa by helping 100 children and youth in Butembo open bank accounts. The children’s parents were informed of the importance of savings through social media and traditional media (such as print and radio).

 

2013 Democratic Republic of Congo Global Money Week

Name of organizing entity - Organisation des Jeunes pour Le Monde D’Avenir (OJMA)
Partners - University on Youth and Development; Ministry of Primary, Secondary and Professional Education (EPSP); Youth Ministry
Date of the event - 15th - 21st of March
Number of children reached - 200

The main aim during Global Money Week was to promote financial education and inclusion for children and youth. The activities were designed to assign two scholarships to young students. The activities included:

  • Selection of 1000 participant (s) numbered (s) for registration and dissertation.
  • Draw issues to vote in public by the participants.
  • Reading issue in public and before the jury.
  • Response / participant (s) in public and before the jury.
  • Listed by the jury in public.
  • Summation of the results obtained by the participants.
  • Decision of the jury members in public.

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