CENTRAL BANK LAUNCHES SCHOOL’S CHALLENGE
Central Bank of Eswatini Governor Majozi Sithole making his remarks during the launch of Schools Challenge.

CENTRAL BANK LAUNCHES SCHOOL’S CHALLENGE

MBABANE– The Central Bank of Eswatini (CBE) in conjunction with its partners has launched another edition of the schools challenge which is slated for 2 October 2018. The schools challenge is part of the financial consumer education and literacy campaign which seeks to achieve financial inclusion for all individuals from the different sectors of society in the country. The Governor of the CBE Majozi Sithole said, “We believe that starting with educating our children on basic concepts of savings and available products and services provided by banks is
the correct way to start and of course the introduction of financial literacy curriculum.” The launch was held at Central Bank of Eswatini, Umntsholi Building where the governor emphasized on the importance of educating children about finances which he said was a way of creating high quality future leaders of the country. He said together with CBE partners, they launched financial consumer education and literacy programme in order to raise awareness, create an enabling environment, provide guidance and support on financial products and services so that financial
inclusion activities can thrive. Sithole further said the programme is in three phases whereby Phase one is Secondary and High Schools Competition, Phase two being the Development of Curriculum which will be announced later during the year and phase three is rolling out of Curriculum/Program Coordination (to be unpacked further, after the development of the curriculum). Meanwhile, Junior Achievement (JA) Eswatini Chief Executive Officer
Sboniso Madlopha praised the CBE for a visionary leadership it has which has seen students being included in the financial sector. Madlopha said JA is currently mentoring 40 schools which are participating in the schools challenge preliminary stages throughout the four regions. “We would like to thank all the partners for making sure that students are assisted in terms of financial literacy at an early age as this will benefit the country economically,” said Madlopha. On another note, Center for Financial Inclusion CEO David Myeni said the schools challenge was crafted to ensure that all segments of society are well versed with financial literacy and focusing on students is one key aspect that needed to be pioneered to achieve a financial literate nation in future. Myeni concluded that there is another National Survey that will be conducted soon after its official launch. The prizes for the winners of the challenge will be broken into three whereby position three will get smart cellphones for the three participating students and a certificate. The Second placed students will win smart phones, a computer for their school and choose any bank of their choice to open an account where they will be given E500.00 and then first prize package will consist of a computer and printer for the school with the participating students getting smartphones and E1000.00 deposited in any bank of their choice.

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