Zimbabwe

GMW national coordinator: Reserve Bank of Zimbabwe Participating organisations: Insurance and Pensions Commission, First Capital Bank, ZB Bank, National Building Society, Stanchart, Agriculture Finance Corporation (AFC), Stanbic, CABS, Nedbank, FBC Bank, POSB, Zimbabwe Women Microfinance Bank, Success Microfinance Bank, Getbucks Microfinance Bank, Empowerbank, Red Sphere Microfinance, Wisrod Investments, Securities and Exchange Commission of Zimbabwe, Zimbabwe Stock Exchange, Insurance and Pensions Commission, 79 schools, 2 universities, Old Mutual Group, ZB Life Assurance Company, CBZ Group, Minerva Risk Advisors, Coronation Risk Advisors Total number of participating organisations: 107 Number of children and young people reached directly: 3,784,063 Number of adults reached directly: 250,790 Number of people reached indirectly: 3,814,853

Throughout Global Money Week 2022, the Reserve Bank of Zimbabwe along with other 19 financial sector players reached 3,664,853 children and youth through both digital and physical communication channels. Some activities undertaken were as follows:

• The Reserve Bank hosted an inaugural virtual CEO Financial Education Round Table on 22 March 2022 to mark the commencement of the GMW celebrations; • Representatives from financial institutions visited 79 schools throughout the country, including rural areas and shared information on various financial topics; • One of the banks invited school students to visit their branch to have first-hand experience of banking operations; • Institutions facilitated online competition for both primary and secondary school students; • Institutions shared financial literacy information through the media, radio as well as social media platforms; • The CEO Financial Education Symposium and seminars were also conducted; • A Global Money Week Symposium and seminars were also conducted; • Some microfinance institutions provided free training services to entrepreneurs; • The Reserve Bank developed GMW content, which was crafted into jingles and broadcasted on four radio stations in English and four other local languages.

Throughout Global Money Week 2022, the Insurance and Pensions Commission together with the following regulated entities, Old Mutual, ZB Life Assurance, Minerva Risk Advisors, CBZ Insurance and Coronation Risk Advisors collectively reached more than 200,000 children and youth through in-person, digital media and virtual platforms.

Some activities included:

• Online video competitions for primary school, high school and tertiary students; • Educational videos by the Commissioner, directors (Insurance, Pensions and Actuarial) on matters relating to the industry; • Joint financial literacy seminars with fellow financial sector regulators – Securities and Exchange Commission of Zimbabwe and the Reserve Bank of Zimbabwe at the University of Zimbabwe, Harare Institute of Technology and Dominican Convent School; • Radio shows on financial literacy, which targeted the youth; • Leveraged digital and social media to engage with youth and parents on how they can be #SmartAboutMoney; • Short thesis competition for university students; • Gaming and puzzles on insurance for young learners, administered online; • 5-minute insurance commercials on two radio stations per week; • Advertisements placed online and on Zimbabwe Broadcasting Corporation channels; • Visits to insurance and financial Institutions; • Promoting Savings Card for youth; • Live social media posts from schools; • Running Old Mutual’s On The Money Radio slot with financial influencers followed by a quiz; • Run On The Money Financial Literacy Sessions at the Innovation Hub with entrepreneurs.