Financial Inclusion Week 2019

The Financial Sector Deepening Mozambique (FSDMoç) in partnership with the Center for Financial Inclusion (CFI) – ACCION, promoted for the 3rd consecutive year the Financial Inclusion Week (FIW), that was officially from October 21 to 25 but specifically for Mozambique we extended the celebrations until October 31st so it will end with the celebrations of the International Savings Day.

The FIW is a week reserved for global conversations about the most important steps for advancing financial inclusion. The objective of the week was to build a momentum around how to address the most significant obstacles to financial inclusion through a week of global conversation. This year’s theme was ” Financial Inclusion: For What?” and with these questions For What? was an invite to convene around this question and as a community/ a country we could take a moment and reexamine, redefine, and align our goals on Financial Inclusion – was a moment for a call to action for our community to reexamine our goals and renew efforts to achieve them.

The week started with a workshop, on October 21st, at the UEM University on “Personal Finance Management” the workshop was addressed for the university students the opening act was chaired by Moise Inguane, FSDMoç Operations Director and the lecture was presented by Mr. This medication is used to lower the risk of heart stroke Narok and heart attack. I took it about 3-4 days ago and found out i'm allergic to it, but i didn't pay any attention until i went to the pharmacy does ivermectin kill mites on chickens Bongabon to pick up my prescription last week. Paxil is a prescription anxiolytic and antidepressant used Bílina ivermectin for sale for horses to treat the symptoms of anxiety and depression. The medication uses a non-surgical procedure called vacuum knowingly hydroxychloroquine brand name india erection device (ved), which is applied to the penis when there is a lack of blood flow to the penis. A generic of the brand name is a product that ivermectin 1 injectable does not contain the brand name's active ingredient. Domingos Novela, Consultant in Personal Finance. The event brought key concepts about the value of money and transmitted the key aspects to financial management of personal funds. With participation of more than 50 young university students, it was a very dynamic, interactive event. “I really enjoyed the workshop/lecture, it’s very educational. One of the lessons I have had is that we have to learn to save and we must set a goal for our savings because as the quote says “if you do not know where you want to go anyway is ok,” said one of the young student whom attended the workshop.

On the image above participants during the workshop on personal finance management

The 2nd event/workshop of the week, was on October 23th, FSDMoç in Partnership with Eduardo Mondlane University -UEM held a workshop on “Data protection and privacy as elements of approach to the consumer”. The workshop took place in the amphitheater of the UEM pedagogical complex and was attended by about 70 university students. Topics were covered such as privacy and how we can protect our data in this digital age. The lecture was presented by Mr. Lino Cassimo, LHC COO, and he has a high degree in Economics with personnal interest on data privacy/protection. In this workshop the consultant Lino Cassimo explained to students in a simple way the care we should take with the data, and with the information we give online for example on platforms like Facebook, Twitter, Instagram and others. These platforms are free yes but one question we must ask ourselves is the information we give about us, where it goes – and what is done with that information.

On October 29th FSDMoç in partnership with the Spatial Development Program (PDE) under the  Ministry of Transports and Communications (MTC) organized a Breakfast Meeting on the “Importance of Data Protection for a More Inclusive Financial System”. The session was moderated by Dr. Carlos Mondle, Digital Financial Services Manager at FSDMOç., and had four speakers namely: I – The importance of Geo-Spatial data – provided by Mr. Belarmino from PDE; II – Data Privacy & Protection – Provided by Mr. Lino Cassimo COO at LHC; III – Data Analytics for Financial Inclusion – Camilo Amarcy Data Analytics at ABSA and IV – Gerson Zandamela  –  founder of Meu Txi (a startup company). The event was attended by almost 40 participants among banking and insurance regulators, commercial banks, insurance companies, commercial banks representatives and others from different fields. It was a very productive event as data protection is a crucial issue for our society, and the protection of personal data is a fundamental right guaranteed in the constitution of the Republic. (Art. 41) but this is also of paramount importance for the financial and business sector as it is a measure of security and confidence in the digital economy.

The Financial Inclusion Week for Mozambique ended with the celebrations of the International Savings Day, on October 31st, the savings day was convened in XaiXai City, capital of Gaza province, the venue choosed for the National celebration. The Central Bank leaded the celebrations day which consisted in a public fair opened since 9am up to 5am.

The event had the participation of 250 children from the primary school and 150 students from the superior Institute from XaiXai.

The event was officially opened by the Province Governor, Mrs Stella Zeca, and counted with the presence of the central bank representative and local government and municipality authorities.

In the picture above Mrs Stella Zeca – Governor of Gaza Province at the opening of the Fair. 

The main expositors were the commercial banks, insurance companies and MMOs which had their stands and staff whom interacted and answered diversified questions from the young visitors.

Very short open lectures, in diversified topics, were provided and later the students was submitted to quizzes in order to access the level of knowledge obtained and many of them won gifts

“In my view, teaching a child what is saving we are teaching a future adult and the country will benefit in a long run.” Said the governor while explaining that small amount of water saved can bring positive save.

The savings day is very popular in many countries and the reason for this attraction is that there are many obstacles in savings. Since the high rate of unemployment and poverty is still strong in many parts of the world. It is very important to educate people to save money. This is especially important for the day when there is a hindrance in income generation for many reasons like illness, employment, disability or old age. The basis is also formed to earn more income for saving investment. This is a global festival celebrated by especially responsible retail and savings banks, cultural organizations, sports bodies, and skilled agencies.

Denise Alves

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