caleb m fundanga : fostering entrepreneurship amongst young people in zambia remarks by dr caleb m fundanga, governor of the bank of zambia, at the venturecomp launch by intermarket banking corporation, lusaka, 12 january 2010. * * * the managing director intermarket banking corporation, mr subhrendu chatterji mr joseph toubi, executive vice president, business development & international relationship, afriland first group representatives from the securities and exchange commission representatives from the pension and insurance authority representatives from lusaka stock exchange representatives from commercial banks and other financial institutions distinguished invited guests members of the press ladies and gentlemen. i am honoured for the invitation to officiate at this important launch of the business plan competition – venturecomp 2010. allow me to begin by commending intermarket banking corporation for its commitment to providing innovative products and services on the market. i have noted that the bank has brought an array of products and services that specifically target the small and medium scale enterprises and in some cases business start - ups. this is commendable and should be emulated by other banks. i am reliably informed that venturecomp 2010 is a business plan competition for students in all universities, colleges and other institutions of higher learning. the spirit of the competition is to foster entrepreneurship amongst our young people and highlight the numerous opportunities available in the area of business. it is also interesting to note that the best business plan will be rewarded with start - up capital for immediate realization of the idea behind it. distinguished ladies and gentlemen, the contribution of financial services to individual entrepreneurs as well as small and medium sized businesses cannot be over - emphasised. as you are no doubt aware, following the liberalization of the financial sector in the early 1990 ’ s, the financial sector in zambia has evolved rapidly spurred by increasing competition. similarly, policies and the legal and regulatory frameworks have been developed to take into account the fast changing liberalised environment. these developments have resulted in a considerable increase in the number of banks and other financial service providers. therefore, the banking sector has over the last few years, witnessed significant growth in consumer lending. as a matter of fact, on a sectoral basis the “ personal loan ” category has been the largest recipient of total credit in the recent years and accounted for 22 % in november 2009. small and medium enterprises have also significantly benefited from credit expansion. the resultant credit expansion has no doubt brought significant benefits to the economy as resources are increasingly channeled through to

maiava atalina ainuu enari : educating children about money matters opening remarks by ms maiava atalina ainuu enari, governor of the central bank of samoa, at the awards ceremony of the “ be money wi $ e ” financial literacy poster competition 2014, apia, 14 march 2014. * * * greetings and welcome to you all, dear parents, school principals and most importantly the winning students of the 2014 be money wi $ e poster competition. as i look across the room to the students, parents and principals / school reps,... without a doubt this is a happy friday for you all. it gives me great pleasure to say that, this is also a happy friday for us at the central bank – we are as much excited to reveal the winning poster entries as you are to be here today to receive your awards!! talofa! talofa lava ; i am delighted to be here today, at the conclusion of an important initiative for the central bank, to address this gathering and most especially the winners of – our first be money wise financial literacy poster competition. this competition is one of many programs undertaken by the central bank to perform one of its mandates of promoting financial literacy under the “ financial fitness ” or “ fit for finance ” campaign. the “ be money wi $ e poster competition 2014 ” was also conducted in collaboration with the global money week which is coordinated by child & youth finance international. global money week takes place on the 10 – 17 march and is a worldwide celebration through events and activities to help empower children and youth to be confident and responsible economic citizens. during this week, children are encouraged to engage in learning on how money works, including saving, creating livelihoods, gaining employment and entrepreneurship as well as living financially smart lives. and so for samoa ’ s contribution to the event, the central bank decided to conduct a financial literacy poster competition to encourage kids to use their imaginations and knowledge about money choices, and help provide a creative outlet to demonstrate their knowledge. for this year ’ s poster competition theme “ i can grow my money by... ” myself and mrs vicseta meredith of business system limited had the pleasure and the hard task of judging the entries. we were very impressed with the quality of entries that were presented to us – so it pains us that there are only a limited number of awards we can give out for the competition. “ financial literacy ” or “ the set of skills and knowledge that