Author: Leslie Omaro

More than 600 people have received financial literacy training and more than 1,000 bank accounts have been opened during two financial inclusion outreach programmes in Amazon Bay LLG, as the Centre for Excellence in Financial Inclusion (CEFI) and its partners continue efforts to bring formal financial services closer to rural communities.

The latest Financial Inclusion and Currency Awareness Programme, conducted from 17 to 21 August 2026 in Amazon Bay LLG, Abau District, Central Province, was delivered by CEFI with the support of the Bank of Papua New Guinea (BPNG), MiBank, TISA Bank and Women’s Micro Bank.

A major milestone of the programme was the launch of banking agents at Kurere Asiaro Village on Tuesday, 18 August, providing communities with greater access to banking services without having to travel long distances to major centres.

Bank of Papua New Guinea Governor Ms Elizabeth Genia officially launched the banking agents following a programme at Magarida Junior High School.

Tony Mwayawa was appointed to operate as an agent for both MiBank and TISA Bank, allowing customers to access services from the two financial institutions through the same local agent. Alpha Andrew was also recognised as a banking agent for Women’s Micro Bank, further expanding access to formal financial services in the area.

Governor Genia described the establishment of banking agents as an important step towards ensuring that rural communities are included in Papua New Guinea’s formal financial system.

“The partnership that we have today is critical to this success,” Ms Genia said, highlighting the importance of collaboration between the central bank, financial institutions, financial inclusion stakeholders and communities.

She said banking agents would allow people to deposit, withdraw, send and receive money closer to where they live, reducing the need to travel considerable distances to access financial services.

“You have an agency now. Bring that money to the agent,” Ms Genia said. “This is the reason why we’ve come to the doorstep. We are here to serve the people.”

Governor Genia also emphasised that providing access to banking services must be complemented by financial education so people understand how to manage their money responsibly.

“Don’t let that money just sit there. You have to make that money grow,” she said. “The purpose of this financial inclusion literacy training awareness is to educate you how to save money, how to invest.”

She encouraged communities to use the financial literacy knowledge gained through the programme to save, invest and prepare themselves for emerging economic opportunities.

Governor Genia said improvements in infrastructure, particularly the Magi Highway, had the potential to stimulate greater economic activity and create new opportunities for people in Amazon Bay. As economic activity grows, access to appropriate financial services will become increasingly important.

She also urged communities to respect and support the newly appointed banking agents, who are required to meet regulatory requirements and will continue to be monitored.

Looking to the future, Governor Genia expressed hope that increased economic activity and demand for financial services could eventually support the establishment of a full bank in Amazon Bay.

“Together, we’ll make a positive difference,” she said.

CEFI Acting Executive Director Mr Peter Samuel said establishing banking agents in Amazon Bay was an important response to the challenges rural communities face in accessing formal financial services.

CEFI returned to Amazon Bay after communities requested banking agents and further financial literacy training following the first Financial Inclusion and Currency Awareness Programme conducted in July 2026.

Mr Samuel said people in the area had previously been required to travel as far as Alotau and Port Moresby to conduct banking transactions, creating significant costs and difficulties for families and communities.

“Agents are like the bridge. They’re connecting you people to the formal financial services that we others benefit from across towns and cities,” Mr Samuel said.

He said the presence of banking agents would help communities access financial opportunities that had previously been difficult to reach because formal banking services were not readily available in the area.

Mr Samuel stressed, however, that providing access alone was not enough and must be supported by financial education.

“Financial services also open opportunities for your future and benefits that you would want to enjoy in the future,” he said.

Addressing students during the programme, Mr Samuel encouraged them to share the financial education messages they had received with their families and communities.

“I hope that whatever we’re doing, take some important messages home, not only for yourselves, but your parents as well as your villages back home,” he said.

Mr Samuel also acknowledged Governor Genia for travelling to Amazon Bay, describing her presence as a demonstration of leadership, humility and commitment to rural communities.

During her keynote address, Governor Genia also shared her personal journey with students, reflecting on her humble beginnings in the Amazon Bay area and encouraging young people not to allow their location or circumstances to restrict their ambitions.

She recalled growing up on a rubber plantation at Cape Rodney and progressing through her education before eventually becoming Governor of the Bank of Papua New Guinea.

“Don’t let the situation, how remote you are in Amazon Bay, deter you,” she told students, stressing the importance of education, hard work, respect and personal responsibility.

“If a girl can reach the top, I’m sure you can do it as well.”

Her message reinforced one of the programme’s central objectives — empowering young people and communities not only through access to financial services, but also through knowledge and education that can improve their future economic wellbeing.

Financial Literacy Training formed a major component of the August programme, with training conducted at Mailu Island, Aroana Village and Borebo Village.

The training provided participants with practical knowledge in saving, budgeting, responsible money management and the use of formal financial services.

Through the training, CEFI aims to equip individuals and families with the knowledge and skills required to make informed financial decisions, manage household income responsibly and participate more confidently in Papua New Guinea’s formal financial system.

The financial literacy activities were complemented by bank account opening and banking product awareness conducted by MiBank, TISA Bank and Women’s Micro Bank.

The programme therefore allowed participants to move from learning about the importance of saving and formal financial services to having the opportunity to open accounts and begin using those services.

The August programme began on Monday, 17 August, with activities at Bailebo Primary School involving CEFI, the BPNG Currency Awareness Team, MiBank, TISA Bank and Women’s Micro Bank.

BPNG conducted currency awareness sessions to educate students and community members about Papua New Guinea’s currency, including the proper care and handling of banknotes.

MiBank, TISA Bank and Women’s Micro Bank provided bank account opening and banking product awareness services, allowing community members to engage directly with financial institutions.

Students were also introduced to financial education messages designed to encourage saving and responsible money-management habits from an early age.

The banking agent launch on 18 August was witnessed by community leaders and stakeholders, including Amazon Bay LLG President Mr Gideon Dauge, Eisa Inc. owner Dr Gairo Onagi, CEFI Acting Executive Director Mr Peter Samuel, representatives of participating financial institutions and members of the Kurere Asiaro community.

As part of the programme, Governor Genia presented Starlink kits to Dr Onagi, Mr Dauge and Magarida Junior High School.

CEFI also supported local schools, with Mr Samuel presenting sporting equipment to Magarida Junior High School and Magarida Primary School.

Following the official banking agent launch, MiBank, TISA Bank and Women’s Micro Bank continued bank account opening and banking product awareness activities at Magarida Junior High School for students, teachers and members of surrounding communities.

The August programme marked the second time CEFI, BPNG and participating financial institutions had taken the Financial Inclusion and Currency Awareness Programme to Amazon Bay LLG in 2026.

The first programme was conducted from 7 to 10 July 2026 and demonstrated strong community demand for financial education and access to formal financial services.

The return visit expanded the initiative to additional communities and responded to requests for banking agents and further financial literacy training.

Across the two programmes, more than 600 people received financial literacy training, more than 1,000 bank accounts were opened and banking agents were established to provide communities with ongoing access to formal financial services.

The programme combines Financial Literacy Training, Currency Awareness, Bank Account Opening, Banking Product Awareness and Agency Banking to address some of the major barriers that prevent rural and underserved communities from participating fully in the formal financial system.

CEFI, with the support of BPNG, MiBank, TISA Bank and Women’s Micro Bank, remains committed to advancing financial inclusion and ensuring that financial education and appropriate financial services reach Papua New Guineans wherever they live.

 

Ends.

 

BANKING AGENT LAUNCH – KURERE ASIARO

**Image 1:** Bank of Papua New Guinea Governor Ms Elizabeth Genia cuts the ceremonial ribbon to officially open the MiBank and TISA Bank agency services at Kurere Asiaro in Amazon Bay LLG, Abau District, Central Province.

**Image 2:** Bank of Papua New Guinea Governor Ms Elizabeth Genia cuts the ribbon to officially launch the MiBank and TISA Bank agency services at Kurere Asiaro. Witnessing the milestone occasion are CEFI Acting Executive Director Mr Peter Samuel, Amazon Bay LLG President Mr Gideon Dauge, Eisa Inc. owner Dr Gairo Onagi, MiBank and TISA Bank agent Mr Tony Mwayawa, Women’s Micro Bank agent Alpha Andrew, representatives of participating financial institutions and members of the Kurere Asiaro community.

**Image 3:** Bank of Papua New Guinea Governor Ms Elizabeth Genia joins CEFI Acting Executive Director Mr Peter Samuel, Amazon Bay LLG President Mr Gideon Dauge, Eisa Inc. owner Dr Gairo Onagi, banking agents Mr Tony Mwayawa and Alpha Andrew, representatives of participating financial institutions and members of the Kurere Asiaro community for a commemorative group photograph following the official launch of the banking agents.

**Image 3A:** Bank of Papua New Guinea Governor Ms Elizabeth Genia addresses guests and community members during the official launch of banking agent services at Kurere Asiaro.

**Image 3B:** Bank of Papua New Guinea Governor Ms Elizabeth Genia, CEFI Acting Executive Director Mr Peter Samuel, Amazon Bay LLG President Mr Gideon Dauge, Eisa Inc. owner Dr Gairo Onagi, banking agents Mr Tony Mwayawa and Alpha Andrew, representatives of participating financial institutions and community members gather for a group photograph following the successful launch of the banking agents.

**Image 3C:** Government, community and financial sector representatives join Bank of Papua New Guinea Governor Ms Elizabeth Genia for a commemorative photograph following the launch of banking agent services at Kurere Asiaro.

 

FINANCIAL LITERACY TRAINING AND GRADUATION – MAILU ISLAND

**Image 4:** Bank of Papua New Guinea Governor Ms Elizabeth Genia, CEFI Acting Executive Director Mr Peter Samuel and Amazon Bay LLG President Mr Gideon Dauge join Financial Literacy Training participants for a commemorative group photograph on Mailu Island.

**Image 5:** CEFI Senior Trainer Mr Sebastian Mugup delivers an engaging Financial Literacy Training session to participants on Mailu Island in Amazon Bay LLG, Abau District, Central Province.

**Image 6:** Bank of Papua New Guinea Governor Ms Elizabeth Genia presents a certificate to a female participant during the Financial Literacy Training mini-graduation ceremony on Mailu Island, recognising her successful completion of the programme.

**Image 7:** Bank of Papua New Guinea Governor Ms Elizabeth Genia congratulates a male participant as she presents his certificate during the Financial Literacy Training mini-graduation ceremony on Mailu Island.

**Image 8:** CEFI Acting Executive Director Mr Peter Samuel presents a certificate to a male participant during the Financial Literacy Training mini-graduation ceremony on Mailu Island in Amazon Bay LLG.

**Image 9:** CEFI Acting Executive Director Mr Peter Samuel congratulates a male participant and presents him with his certificate during the Financial Literacy Training mini-graduation ceremony on Mailu Island, Abau District, Central Province.

**Image 10:** Amazon Bay LLG President Mr Gideon Dauge presents a certificate to a Financial Literacy Training participant during the mini-graduation ceremony on Mailu Island, recognising the participant’s successful completion of the training.

**Image 11:** Bank account opening on Mailu Island.

 

FINANCIAL LITERACY GRADUATION AND BANKING SERVICES – AROANA VILLAGE

**Image 12:** CEFI Acting Executive Director Mr Peter Samuel presents a certificate to a male participant during the Financial Literacy Training mini-graduation ceremony at Aroana Village in Amazon Bay LLG, Abau District.

**Image 13:** CEFI Acting Executive Director Mr Peter Samuel congratulates a female participant as he presents her with a certificate during the Financial Literacy Training mini-graduation ceremony at Aroana Village.

**Image 14:** TISA Bank Head of Agency Banking Ei Thu Thu Myint Myat presents a certificate to a male participant during the Financial Literacy Training mini-graduation ceremony at Aroana Village in Amazon Bay LLG.

**Image 15:** Mr Frank Ababa, Manager Processing Unit, Currency Department, Bank of Papua New Guinea, presents a certificate to a female participant during the Financial Literacy Training mini-graduation ceremony at Aroana Village.

**Image 16:** Women’s Micro Bank Team Leader Quitin Thomas presents a certificate to a male participant during the Financial Literacy Training mini-graduation ceremony at Aroana Village.

**Image 17:** MiBank Team Leader Jackson Tasi congratulates a male participant and presents him with his certificate during the Financial Literacy Training mini-graduation ceremony at Aroana Village.

**Image 18:** CEFI Acting Executive Director Mr Peter Samuel and Bank of Papua New Guinea Currency Department Processing Unit Manager Mr Frank Ababa join representatives of participating financial institutions and Financial Literacy Training participants for a celebratory group photograph following the mini-graduation ceremony at Aroana Village, Amazon Bay LLG.

**Image 19:** Financial institution representatives assist community members with opening bank accounts at Aroana Village, extending access to formal financial services as part of the Financial Inclusion and Currency Awareness Programme.

**Image 20:** Community members at Aroana Village access on-site bank account opening services, bringing essential financial services closer to people in the remote communities of Amazon Bay LLG.

 

FINANCIAL LITERACY GRADUATION – BOREBO VILLAGE

**Image 21:** CEFI Acting Executive Director Mr Peter Samuel presents a certificate to a female participant during the Financial Literacy Training mini-graduation ceremony at Borebo Village in Amazon Bay LLG.

**Image 22:** Mr Frank Ababa, Manager Processing Unit, Currency Department, Bank of Papua New Guinea, congratulates a female participant and presents her with a certificate during the Financial Literacy Training mini-graduation ceremony at Borebo Village.

**Image 23:** TISA Bank Head of Agency Banking Ei Thu Thu Myint Myat presents a certificate to a female participant during the Financial Literacy Training mini-graduation ceremony at Borebo Village.

**Image 24:** CEFI Acting Executive Director Mr Peter Samuel congratulates a male participant as he presents his certificate during the Financial Literacy Training mini-graduation ceremony at Borebo Village.

**Image 25:** MiBank Officer Raka Vele presents a certificate to a female participant during the Financial Literacy Training mini-graduation ceremony at Borebo Village in Amazon Bay LLG.

**Image 26:** TISA Bank Head of Agency Banking Ei Thu Thu Myint Myat presents a certificate to a male participant during the Financial Literacy Training mini-graduation ceremony at Aroana Village.

**Image 27:** Women’s Micro Bank Team Leader Quitin Thomas congratulates a male participant and presents him with his certificate during the Financial Literacy Training mini-graduation ceremony at Borebo Village.

**Image 28:** CEFI Acting Executive Director Mr Peter Samuel addresses Financial Literacy Training participants during the mini-graduation ceremony at Borebo Village, highlighting the importance of financial knowledge and participation in the formal financial system.

 

BEILEBO COMMUNITY AND SCHOOL AWARENESS

**Image 29:** TISA Bank officers assist members of the Beilebo community with opening bank accounts, providing residents with direct access to formal banking services.

**Image 30:** Mr Frank Ababa, Manager Processing Unit, Currency Department, Bank of Papua New Guinea, conducts an informative currency awareness session at Beilebo Primary School as part of the wider programme involving CEFI, the BPNG Currency Awareness Team, MiBank, TISA Bank and Women’s Micro Bank.

 

MAGARIDA JUNIOR HIGH SCHOOL – FINANCIAL INCLUSION AND CURRENCY AWARENESS

 

**Image 32:** Eisa Inc. owner and School Board Chair Dr Gairo Onagi addresses students of Magarida Junior High School during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG, Abau District, Central Province.

**Image 33:** CEFI Acting Executive Director Mr Peter Samuel engages with students of Magarida Junior High School during the Financial Inclusion and Currency Awareness Programme, encouraging young people to develop sound financial habits and strengthen their understanding of formal financial services.

**Image 34:** CEFI Acting Executive Director Mr Peter Samuel speaks to students of Magarida Junior High School during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG.

**Image 35:** Official guests at the Financial Inclusion and Currency Awareness Programme at Magarida Junior High School: from left, CEFI Acting Executive Director Mr Peter Samuel, Amazon Bay LLG President Mr Gideon Dauge, Bank of Papua New Guinea Governor Ms Elizabeth Genia and Eisa Inc. owner and School Board Chair Dr Gairo Onagi.

**Image 36:** MiBank Team Leader Mr Jackson Tasi speaks to students of Magarida Junior High School, sharing information on banking products and services during the Financial Inclusion and Currency Awareness Programme.

**Image 37:** TISA Bank Head of Agency Banking Ei Thu Thu Myint Myat engages with students of Magarida Junior High School during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG.

**Image 38:** Bank of Papua New Guinea Governor Ms Elizabeth Genia addresses students of Magarida Junior High School during the Financial Inclusion and Currency Awareness Programme, reinforcing the importance of financial knowledge and responsible money management.

**Image 39:** Bank of Papua New Guinea Governor Ms Elizabeth Genia engages with students of Magarida Junior High School during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG, Abau District, Central Province.

 

COMMUNITY SUPPORT AND PRESENTATIONS

**Image 40:** Bank of Papua New Guinea Governor Ms Elizabeth Genia presents a Starlink internet package to Eisa Inc. owner and School Board Chair Dr Gairo Onagi during the Financial Inclusion and Currency Awareness Programme at Magarida Junior High School.

**Image 41:** Bank of Papua New Guinea Governor Ms Elizabeth Genia and CEFI Acting Executive Director Mr Peter Samuel present a Starlink internet package to Deputy School Headmaster Mr John during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG.

**Image 42:** Bank of Papua New Guinea Governor Ms Elizabeth Genia and CEFI Acting Executive Director Mr Peter Samuel present a Starlink internet package to Amazon Bay LLG President Mr Gideon Dauge during the Financial Inclusion and Currency Awareness Programme.

**Image 43:** CEFI Acting Executive Director Mr Peter Samuel presents sporting equipment to a male student during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG, demonstrating CEFI’s support for the local school community.

 

FINANCIAL INSTITUTIONS AND BANKING SERVICES

**Image 44:** Bank of Papua New Guinea Governor Ms Elizabeth Genia joins TISA Bank staff for a commemorative photograph during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG.

**Image 45:** Bank of Papua New Guinea Governor Ms Elizabeth Genia joins Women’s Micro Bank staff and banking agent Alpha Andrew for a group photograph during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG.

**Image 46:** Bank of Papua New Guinea Governor Ms Elizabeth Genia shares a brief conversation with Women’s Micro Bank staff and banking agent Alpha Andrew during the Financial Inclusion and Currency Awareness Programme.

**Image 47:** MiBank officers assist community members with opening bank accounts during the Financial Inclusion and Currency Awareness Programme, helping extend formal banking services to communities in Amazon Bay LLG.

**Image 48:** TISA Bank officers provide on-site bank account opening services during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG, enabling community members to gain greater access to formal financial services.

**Image 49:** TISA Bank officers guide community members through the bank account opening process during the Financial Inclusion and Currency Awareness Programme in Amazon Bay LLG.

**Image 50:** Male Financial Literacy Training participants complete bank account application forms at Aroana Village, putting their newly acquired financial knowledge into practice by taking an important step towards participating in the formal financial system.About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24^th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and monitoring all financial inclusion activities in PNG.

CEFI’s vision, mission and values focus on financial inclusion and literacy, poverty elimination and the promotion of vibrant financial institutional operation in Papua New Guinea.

Visit our website – www.thecefi.org

Media Contact:

Mr. Leslie Omaro

Communication Officer

Phone: 79736883

Email: lomaro@thecefi.org

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Centre for Excellence in Financial Inclusion (CEFI) and the Credit Guarantee Corporation PNG (CGC) have signed a Memorandum of Understanding (MoU) that marks an important step towards strengthening financial literacy, business capability and access to finance for Micro, Small and Medium-Sized Enterprises (MSMEs) across Papua New Guinea.

The agreement formalizes a longstanding working relationship between the two organisations and establishes a framework for delivering financial literacy programmes, entrepreneurship training, business development support and a referral pathway for MSMEs to access finance through CGC’s partner financial institutions

The partnership also aligns with the Government’s broader financial inclusion agenda by equipping entrepreneurs with the knowledge and practical skills needed to build sustainable businesses while improving their ability to secure finance through formal financial institutions.

Under the MoU, CEFI and CGC will jointly deliver financial literacy and capacity-building programmes, promote entrepreneurship skills, banking and financial management skills, and carry out awareness of each organization mandate in access to finance and financial inclusion.

The key outcome of this agreement is established a referral pathway for start up businesses.

The partnership will commit both organisations to collaborate on awareness campaigns, business development initiatives to support the MSME sector.

Speaking at the signing ceremony, CEFI Acting Executive Director Peter Samuel said the growing number of MSMEs accessing financial services made it increasingly important to ensure business owners were equipped with sound financial management skills.

“As CGC’s portfolio continues to grow, so too does the number of MSMEs participating in the market,” Mr Samuel said.

“However, increased participation does not necessarily mean that all beneficiaries are adequately trained or well equipped to manage their businesses. Our objective is to ensure that recipients of guaranteed facilities are equipped with the knowledge and skills needed to manage their businesses effectively, maintain proper financial records and avoid the risks associated with poor financial management.”

Mr Samuel said the partnership would allow CEFI to complement CGCs credit guarantee facility with practical capacity-building programmes, including its Business Essential Skills Module, Digital Financial Literacy Module and existing financial literacy programmes on budgeting and savings.

He said the collaboration would provide a stronger support system for entrepreneurs by combining access to finance with business incubation and financial education.

“The Government continues to emphasise the importance of supporting MSMEs. However, support must go beyond financing alone. We also need clear pathways that provide incubation, capacity building and business acceleration programmes to help MSMEs become sustainable and contribute meaningfully to economic growth,” he said.

Credit Guarantee Corporation Chief Executive Officer Dominic Sikakau described the MoU as the formalisation of an already successful partnership.

“We have already collaborated on a range of initiatives, so today’s Memorandum of Understanding simply formalises a relationship that has existed for quite some time,” Mr Sikakau said.

He noted that one of the greatest challenges facing CGC’s guarantee programme was loan defaults, often resulting from a lack of business knowledge and financial management skills among borrowers.

“Through our partnership with CEFI, we hope to strengthen the capacity of MSMEs by equipping them with the knowledge and skills to manage their finances effectively, build sustainable businesses and ultimately reduce the risk of default,” he said.

Mr Sikakau also highlighted the role of CGC’s Loan Referral Platform, which enables MSMEs to submit loan applications online to participating financial institutions. He said incorporating the platform into CEFI’s financial literacy programmes would improve awareness and accessibility, particularly for entrepreneurs in rural and remote communities.

The MoU represents a shared commitment by both organisations to create stronger pathways for entrepreneurs, reduce barriers to finance and contribute to long-term private sector growth, financial inclusion and socio-economic development across the country.

Ends.

 Image Captions

Image 1: CEFI Acting Executive Director, Mr Peter Samuel (right), and Credit Guarantee Corporation (CGC) CEO, Mr Dominic Sikakau, shake hands following the signing of the Memorandum of Understanding (MoU), formalising the partnership between the two organisations.

 

Image 2: CEFI Acting Executive Director, Mr Peter Samuel (third from right), and CGC CEO, Mr Dominic Sikakau (fourth from left), display the signed MoU alongside staff from CEFI and CGC. Pictured from left are Mr Albert Mokis Ahabh, NFIS Implementation Coordinator – CEFI; Mr Danny Koka, Manager – NFIS Coordination and Stakeholder Engagement, CEFI; Mr Tony Deklin, Business Operations Manager – CGC; Mr Dominic Sikakau, CEO – CGC; Mr Peter Samuel, Acting Executive Director – CEFI; Ms Shigu Hombunaka, Manager – Financial Inclusion and Capacity Development, CEFI; and Mr Andon Sevua, Manager – Finance and Administration, CEFI (far right).

 

Image 3: CEFI Acting Executive Director, Mr Peter Samuel (right), and CGC CEO, Mr Dominic Sikakau, sign the Memorandum of Understanding (MoU), marking the formal commencement of the partnership between the two organisations.

 

Image 4: CEFI Acting Executive Director, Mr Peter Samuel (right), and CGC CEO, Mr Dominic Sikakau, discuss the Memorandum of Understanding (MoU) prior to its signing.

 

 

The Centre for Excellence in Financial Inclusion (CEFI), in partnership with the National Department of Education (NDoE) successfully concluded a week-long Financial Education Workshop at Koitaki Country Club in Sogeri, marking another significant milestone towards integrating Financial Education as a standalone subject in Papua New Guinea’s national school curriculum.

The workshop brought together officers from CEFI and NDoE of to review and finalise curriculum materials, including the syllabus, teachers’ guides, student resources and activity books.

The objective of the workshop is to review, align, and synchronize the Financial Education Curriculum documents to ensure consistency, coherence, and quality across all curriculum materials, while strengthening the foundation for effective delivery of financial education to learners in Papua New Guinea.

The workshop aims to ensure that learning outcomes, content, teaching resources, and assessment approaches are aligned with national education standards and support the development of financially capable future generations.

Participants further reviewed the existing Memorandum of Understanding (MoU), and prepared documentation and activities to support Papua New Guinea’s engagement with the Alliance for Financial Inclusion (AFI).

Closing the workshop, CEFI Acting Executive Director Mr Peter Samuel commended the First Assistant Secretary for the Curriculum Development Division (CDD) – DoE, Mr Steven Tandale for his leadership and dedication in developing a comprehensive Financial Education curriculum that will prepare future generations to make informed financial decisions throughout their lives.”

“I would like to acknowledge your leadership and your effort in bringing something that was once at the conceptual stage into this significant body of work,” Mr Samuel said.

“You are not only doing this for us, but you are creating a pathway for change in this country.”

Mr Samuel said the curriculum addresses an important gap in Papua New Guinea’s education system by teaching students’ practical financial skills that many adults never had the opportunity to learn.

“We learnt many academic subjects, but no one taught us how to manage our payslip, understand superannuation, insurance or make sound financial decisions,” he said.

“These are real-life skills that every child should have,” he added.

He said the curriculum would lay the foundation for a financially capable society, enabling young Papua New Guineans to make informed financial decisions, build savings, invest wisely and contribute positively to the nation’s economy.

“When you retire, you will be able to place your hand on your heart and proudly say, ‘I was part of this change.’ You are helping shape the mindset of future generations through education,” he said.

Mr Samuel said the workshop had successfully achieved its objectives, with the next phase focusing on teacher consultations before progressing to printing and nationwide implementation.

He added that CEFI would continue working closely with the DoE, the Bank of Papua New Guinea and development partners to secure funding and explore digital delivery options to ensure the curriculum reached schools throughout the country.

Mr Tandale, reaffirmed CCD-DoE’s commitment to embedding financial education into the national curriculum, describing the initiative as a long-term investment in producing financially responsible citizens.

“The work we are doing is very significant,” Mr Tandale said. “Our goal is to ensure that, in the years ahead, children in our schools will know how to manage their money correctly, whether they earn it or receive it. That is our responsibility.”

Mr Tandale said the curriculum materials had received endorsement through the appropriate education processes and that the DoE would now focus on final editing, design, printing and nationwide distribution.

“We have started this journey and we are almost there,” he said. “The next step is to print the books and deliver them to every school in the country.”

He stressed that every child in Papua New Guinea should benefit equally from the programme.

“We do not want these resources limited to selected provinces,” Mr Tandale said. “They are for the whole country because every child deserves the opportunity to learn essential financial skills.”

Also addressing participants, First Assistant Secretary of the Department of National Planning and Monitoring (DNPM) and CEFI Board Director, Mr Sanja Pepae, described the financial education curriculum as a critical national investment that would strengthen financial capability and support Papua New Guinea’s long-term development aspirations.

“What you have done here is not just for the Department of Education,” Mr Pepae said. “From a national development perspective, this is a significant social investment that will benefit Papua New Guinea for many years to come.”

Mr Pepae said previous generations had received little or no formal financial education and emphasised the importance of teaching practical life skills from an early age.

“We learnt mathematics, english and science, but we were never taught how to manage our personal finances, save for the future or spend wisely,” he said. “These are life skills that every child should have.”

He added that financially literate citizens would contribute to stronger families, increased savings, greater investment and improved economic growth.

“When individuals know how to manage and grow their finances, they contribute more to the nation’s development,” Mr Pepae said. “This is how we build a healthy, prosperous and successful Papua New Guinea.”

Ends.

Captions:

Image 1: First Assistant Secretary of the Department of National Planning and Monitoring (DNPM) and CEFI Board Director, Mr Sanja Pepae (fifth from right), CEFI Acting Executive Director Mr Peter Samuel, and First Assistant Secretary for the Curriculum Development Division (CDD), Department of Education, Mr Steven Tandale, join workshop participants in displaying the completed Financial Education Resource Books developed during the workshop.

Image 2: CEFI Acting Executive Director Mr Peter Samuel, DNPM First Assistant Secretary and CEFI Board Director Mr Sanja Pepae, CDD First Assistant Secretary Mr Steven Tandale, Assistant Secretary for the Business and Technology Branch Ms Celine Vavetaovi, and CEFI Manager for Financial Inclusion Capacity Development Ms Shigu Hombunaka admire and review one of the completed Financial Education Resource Books.

Image 3: Senior officers from the Curriculum Development Division review the completed Financial Education Resource Books during the closing ceremony of the workshop.

Image 4: Curriculum Development Division Senior Officer Ms Ileen Palan proudly reflects on her team’s collaboration with CEFI in developing the Financial Education Resource Books.

Imager 5: The completed Financial Education Resource Books developed during the week-long workshop.

Image 6: CEFI Acting Executive Director Mr Peter Samuel delivers his closing remarks, thanking the Curriculum Development Division for its strong collaboration in completing the Financial Education Resource Books.

Image 7: DNPM First Assistant Secretary and CEFI Board Director Mr Sanja Pepae addresses CEFI and Curriculum Development Division officers during the closing ceremony of the workshop.

Image 8: First Assistant Secretary for the Curriculum Development Division, Department of Education, Mr Steven Tandale speaks during the closing ceremony of the workshop.

Image 9: Officers from the Curriculum Development Division participate in the Financial Education Workshop.

Image 10: CEFI staff members participate in the Financial Education Workshop.

Image 11: CEFI Acting Executive Director Mr Peter Samuel delivers his opening remarks at the commencement of the workshop.

Image 12: CEFI Acting Executive Director Mr Peter Samuel and Assistant Secretary for the Business and Technology Branch, Curriculum Development Division, Ms Celine Vavetaovi, address participants during the opening session of the workshop.

Image 13: Assistant Secretary for the Business and Technology Branch, Curriculum Development Division, Ms Celine Vavetaovi delivers her remarks during the closing ceremony of the workshop.

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24^th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and monitoring all financial inclusion activities in PNG.

CEFI’s vision, mission and values focus on financial inclusion and literacy, poverty elimination and the promotion of vibrant financial institutional operation in Papua New Guinea.

Visit our website – www.thecefi.org

Media Contact:

Mr. Leslie Omaro

Communication Officer

Phone: 79736883

Email: lomaro@thecefi.org

 

 

The Governor of the Bank of Papua New Guinea (BPNG), Ms Elizabeth Genia, has called on Papua New Guineans to embrace responsible financial management and make full use of formal financial services, describing financial literacy as a foundation for stronger families, resilient communities and a more prosperous nation.

Ms Genia made the remarks during the combined Retail Financial Literacy Training graduation ceremony held on Thursday, 9 July 2026, at the United Church in Kurere Asiaro Village, where 239 participants (105 women) from Kurere Asiaro and Mogubo villages graduated after successfully completing two days (7-8 July) of Retail Financial Literacy Training.

The graduation marked the successful conclusion of the Currency Awareness and Financial Inclusion Programme, held from Tuesday 7 July to Thursday 9 July 2026, in Amazon Bay, Abau District, Central Province.

Organised by the Centre for Excellence in Financial Inclusion (CEFI) with support from Bank of Papua New Guinea (BPNG), the programme combined Currency Awareness, Financial Inclusion Awareness, Retail Financial Literacy Training, bank account opening services and financial product promotion.

Participating financial institutions included MiBank, Women’s Micro Bank and TISA Bank.

“TISA Bank is proud to support the Currency Awareness and Financial Inclusion Program led by  CEFI and BPNG. During our visit to Amazon Bay, we have been opening new accounts and identifying potential banking agents so we can bring banking services closer to the people.” – Ei Thu Thu Myint Myat-Head of Agency Banking, TISA Bank

“It has been a privilege for MiBank to be part of this financial inclusion outreach. MiBank has already identified a local banking agent for Amazon Bay. We will complete the necessary training and onboarding so the agent can begin providing banking services to the community. This will make it easier for people to save their money safely and access banking services closer to home.” – Jackson Tasi-Team Leader- Customer Service, MiBank

“Our mission is to take banking services to the doorsteps of people who have previously been excluded from the formal financial system. The response from the people of Amazon Bay has been encouraging. We have already opened new accounts, and many more people have expressed interest after learning about the products and services available to them.” – Quinten Thomas – Project Loan Officer, Women’s Micro Bank

The programme was delivered across three locations: Magarida Primary and High School, Magarida Marketplace and Kurere Asiaro Village. Running concurrently with the awareness programme were two Retail Financial Literacy Training sessions conducted by CEFI at Mogubo Village and Kurere Asiaro Village.

The graduation ceremony was attended by Governor Ms. Elizabeth Genia, CEFI Acting Executive Director Mr Peter Samuel, Former Vice-Chancellor of the University of Goroka and owner of Eisa Inn, Dr Gairo Onagi, Amazon Bay LLG President Mr Gideon Dauge, together with team leaders from the participating financial institutions, Mr Jackson Tasi of MiBank, Mr Quinten Thomas of Women’s Micro Bank and Ms Ei Thu Thu Myint Myat of TISA Bank.

Delivering the keynote address, the BPNG Governor encouraged the graduates to continue applying the financial knowledge they had gained beyond the classroom and into their everyday lives.

She said financial literacy was about far more than earning an income, explaining that it equips individuals and families with the knowledge to plan ahead, save regularly, make informed financial decisions and prepare for future expenses and emergencies.

“Financial inclusion is about giving every Papua New Guinean the opportunity to access safe, affordable and responsible financial services,” she said.

Governor Genia urged participants to take advantage of the banking services introduced during the programme, including savings accounts and digital financial services, while also using them responsibly by protecting their personal identification numbers (PINs), understanding banking fees and maintaining proper financial records.

She also reminded participants of the importance of respecting Papua New Guinea’s national currency by keeping banknotes clean and free from damage.

“The Kina and Toea belong to every Papua New Guinean. Looking after our currency is one way we demonstrate respect for our country and for one another,” she said.

Governor Genia reaffirmed BPNG’s commitment to extending financial services to rural and remote communities through the National Financial Inclusion Strategy, noting that strong partnerships between government agencies, financial institutions and local communities were essential in ensuring no one was left behind.

Speaking during the graduation ceremony, CEFI Acting Executive Director Mr Peter Samuel congratulated the graduates for successfully completing the training and challenged them to transform the knowledge they had acquired into practical action.

Mr Samuel said the graduation represented the beginning of a lifelong journey towards financial independence rather than the end of a training programme.

He encouraged participants to practise budgeting, save consistently, spend wisely and make informed financial decisions that would strengthen their households and improve their quality of life.

“Financial knowledge only creates value when it is put into practice,” he said.

Mr Samuel urged graduates to use the banking services introduced during the programme and reminded them that opening a bank account was only the first step towards building long-term financial security.

He thanked the Bank of Papua New Guinea, Dr Gairo Onagi, local community leaders, the United Church and the participating financial institutions for their support in delivering the programme, reaffirming CEFI’s commitment to expanding financial literacy and financial inclusion to rural communities throughout Papua New Guinea.

He also encouraged graduates to become ambassadors for financial literacy by sharing their knowledge with their families and communities, helping others adopt positive financial habits and build stronger local economies.

Former Vice-Chancellor and owner of Eisa Inn Dr Gairo Onagi, described the occasion as a proud milestone for the communities of Kurere Asiaro and Mogubo.

He said the participants had invested their time and effort to learn valuable financial skills that would assist them in making informed decisions about earning, saving and managing money.

Dr Onagi encouraged the graduates to continue applying the lessons they had learned and to share that knowledge with their families, children and neighbors so that financial literacy would continue to spread throughout the community.

He thanked the Bank of Papua New Guinea, CEFI, the participating financial institutions and all partners for bringing the programme to Amazon Bay, saying their commitment was creating meaningful opportunities for rural communities to improve their livelihoods and achieve greater financial security.

Amazon Bay LLG President Mr Gideon Dauge also congratulated the graduates and challenged them to begin practising the financial disciplines they had learned immediately.

He encouraged participants to develop consistent saving habits, separate business profits from personal spending and use the resources available within their communities, particularly their customary land, to establish sustainable income-generating activities.

Drawing on the biblical story of the Prodigal Son, Mr Dauge reminded graduates that success comes from learning from mistakes, making better decisions and taking responsibility for their future.

He also encouraged participants to begin using the piggy banks distributed during the programme, expressing confidence that regular saving would help improve their financial wellbeing over time.

Mr Dauge thanked the Bank of Papua New Guinea, CEFI and the participating financial institutions for bringing financial literacy and financial inclusion services to one of the country’s remote communities, describing the programme as a valuable opportunity that would have lasting benefits for the people of Amazon Bay.

The successful completion of the programme highlighted the growing partnership between BPNG, CEFI and the financial sector in expanding financial capability and access to financial services throughout Papua New Guinea.

By equipping communities with practical financial knowledge while simultaneously providing access to banking products and services, the initiative is expected to strengthen household financial resilience, promote responsible money management and contribute to inclusive economic development across rural Papua New Guinea.

 

Ends.

Image 1: Bank of Papua New Guinea Governor Ms Elizabeth Genia delivers the keynote address during the combined Retail Financial Literacy Training graduation ceremony at Kurere Asiaro United Church.

Image 2: Governor Elizabeth Genia addresses graduands, community leaders and invited guests during the graduation ceremony at Kurere Asiaro United Church.

Image 3: CEFI Acting Executive Director Mr Peter Samuel delivers his opening remarks during the commencement of the Retail Financial Literacy Training at Mogubo Village.

Image 4: Dr Gairo Onagi welcomes participants during the opening of the two-day Retail Financial Literacy Training.

Image 5: Amazon Bay LLG President Mr Gideon Dauge encourages students from Magarida Primary School and Magarida High School to develop a culture of saving and responsible financial management.

Image 6: Participants collaborate in a group presentation during the Retail Financial Literacy Training at Kurere Asiaro Village.

Image 7: Graduands listen attentively as Governor Elizabeth Genia delivers her keynote address.

Image 8: Community members gather at Kurere Asiaro Village to witness the Retail Financial Literacy Training graduation ceremony.

Image 9: Governor Elizabeth Genia presents a certificate to a graduating participant during the graduation ceremony.

Image 10: Governor Elizabeth Genia congratulates a graduate after presenting a certificate of completion.

Image 11: CEFI Acting Executive Director Mr Peter Samuel presents a certificate to a graduating participant.

Image 12: Mr Peter Samuel congratulates a graduate during the certificate presentation.

Image 13: Mr Quinten Thomas, Project Loan Officer, Women’s Micro Bank, presents a certificate to a graduating participant.

Image 14: Mr Quinten Thomas, Project Loan Officer, Women’s Micro Bank, presents a certificate to a female graduate.

Image 15: Mr Jackson Tasi, Team Leader – Customer Service, MiBank, presents a certificate to a female graduate.

Image 16: Mr Jackson Tasi, Team Leader – Customer Service, MiBank, presents a certificate to a graduating participant.

Image 17: Ms Ei Thu Thu Myint Myat, Head of Agency Banking, TISA Bank, presents a certificate to a female graduate.

Image 18: Ms Ei Thu Thu Myint Myat, Head of Agency Banking, TISA Bank, presents a certificate to a graduating participant.

Image 19: Graduates pose for a commemorative group photograph with (seated, from left to right) Dr Gairo Onagi, former Vice-Chancellor and owner of Eisa Inn; CEFI Acting Executive Director Mr Peter Samuel; CEFI Senior Training Officer Mr Sebastian Mugup; and CEFI trainers Mr Manasi Badira, Ms Vivian Erico, Mr Jackson Tasi (MiBank) and Mr Quinten Thomas (Women’s Micro Bank) following the graduation ceremony at Kurere Asiaro Village.

Image 20: Bank of Papua New Guinea Governor Ms Elizabeth Genia addresses residents from Magarida, Mailu Island, Loupomu Island and Laluoro Island during the opening of the Currency Awareness and Financial Inclusion Programme at Magarida Marketplace, Amazon Bay.

 

Image 21: Governor Elizabeth Genia engages with participants from across the Amazon Bay area during the opening of the Currency Awareness and Financial Inclusion Programme at Magarida Marketplace.

Image 22: Mr Delson Opos, Senior Analyst, Compliance Unit, Currency Governance Department, educates students from Magarida Primary School and Magarida High School on the features and security elements of Papua New Guinea’s Kina and Toea currency.

Image 23: The Bank of Papua New Guinea Currency Team conducts a Currency Awareness session for students at Magarida Primary School and Magarida High School.

Image 24: MiBank Team Leader Mr Jackson Tasi delivers a financial awareness presentation to students at Magarida Primary School and Magarida High School.

Image 25: Mr Quinten Thomas, Project Loan Officer, Women’s Micro Bank, assists a community member to complete an account opening application.

Image 26: A community member completes an application form to open a new bank account during the financial inclusion outreach programme.

Image 27: MiBank, TISA Bank and Women’s Micro Bank showcase their financial products and services at Magarida Marketplace, providing account opening services and financial awareness to communities from Mailu Island, Loupomu Island and Laluoro Island.

Image 28: TISA Bank staff assist community members with opening new bank accounts at Kurere Asiaro Village.

Image 29: TISA Bank officers provide account opening services to residents at Magarida Marketplace.

Image 30: Female participants deliver a group presentation during the Retail Financial Literacy Training at Mogubo Village.

Image 31: (From left to right) Mr Delson Opos, Senior Analyst, Compliance Unit, Currency Governance Department; Mr Franck Abba, Manager, Processing Unit, Currency Department; Dr Gairo Onagi, former Vice-Chancellor and owner of Eisa Inn; Bank of Papua New Guinea Governor Ms Elizabeth Genia; Ms Ei Thu Thu Myint Myat, Head of Agency Banking, TISA Bank; CEFI Acting Executive Director Mr Peter Samuel; Mr Jackson Tasi, Team Leader – Customer Service, MiBank; and Mr Quinten Thomas, Project Loan Officer, Women’s Micro Bank, pose for a group photograph following the official opening of the Currency Awareness and Financial Inclusion Programme at Magarida Marketplace, Amazon Bay.

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24^th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and monitoring all financial inclusion activities in PNG.

CEFI’s vision, mission and values focus on financial inclusion and literacy, poverty elimination and the promotion of vibrant financial institutional operation in Papua New Guinea.

Visit our website – www.thecefi.org

Media Contact:

Mr. Leslie Omaro

Communication Officer

Phone: 79736883

Email: lomaro@thecefi.org

The Centre for Excellence in Financial Inclusion (CEFI), the Department for Community Development and Religion (DFCDR), and Women’s Micro Bank (WMB) have reaffirmed their commitment to expanding financial inclusion and economic empowerment across Papua New Guinea through the signing of two Memoranda of Agreement (MoA).

DFCDR signed the MOA with CEFI and WMB today (Thursday 02^nd July 2026) at APEC. Haus Port Moresby.

The agreements formalise partnerships between DFCDR and CEFI, and DFCDR and Women’s Micro Bank, creating a coordinated approach to delivering financial literacy training, improving access to financial services and supporting women, youth, persons with disabilities and vulnerable communities throughout the country.

Speaking during the signing ceremony, CEFI Acting Executive Director Mr Peter Samuel said the strengthened partnership demonstrates a shared commitment to creating lasting opportunities for Papua New Guineans through financial inclusion.

Mr Samuel explained that CEFI was established to complement the Bank of Papua New Guinea’s broader vision of extending financial services beyond the formal banking sector and ensuring more Papua New Guineans can participate in the country’s financial system.

“Financial inclusion is about changing mindsets. We want people to develop a healthy relationship with money by encouraging saving before spending, building financial resilience and creating opportunities for long-term investment,” he said.

Mr Samuel highlighted the significant progress achieved under Papua New Guinea’s National Financial Inclusion Strategy, noting that the number of bank accounts has grown from approximately 800,000 to almost five million nationwide.

Financial service access points, including bank branches, ATMs and agents, have also increased to more than 20,000, while almost two million people are now using internet and mobile banking services.

He said these achievements were only possible through strong partnerships with organisations such as DFCDR, whose extensive presence throughout the country enables financial literacy programmes to reach communities at the grassroots level.

“The Department has become one of our strongest partners because it provides the critical last-mile connection to communities across Papua New Guinea. Together, we are creating opportunities that improve lives through financial education and inclusion,” Mr Samuel said.

DFCDR Secretary Mr Jerry Ubase described the signing as a significant milestone that aligns with the Government’s commitment to empowering communities through education, entrepreneurship and economic participation.

He said the partnership would enable CEFI to deliver financial literacy training through the Department’s nationwide network, while Women’s Micro Bank would provide accessible banking services and financial products to participants who complete the training.

“Our objective is to ensure that financial literacy reaches women, girls, boys and young people throughout Papua New Guinea. Financial education gives people the confidence and knowledge to start businesses, generate income and create employment within their own communities,” Mr Ubase said.

He said the initiative also supports the Government’s Medium Term Development Plan IV target of creating one million jobs by helping individuals establish sustainable small businesses rather than relying solely on formal employment opportunities.

Mr Ubase noted that many women operating in the informal sector continue to face barriers in accessing banking services.

Through the partnership, Women’s Micro Bank will help more women safely save their income, access financial services and obtain small business loans to grow their enterprises.

“We want to empower our people economically while also addressing many of the social challenges facing our communities. Strong partnerships like this allow us to deliver practical solutions that improve people’s livelihoods,” he said.

Women’s Micro Bank Chief Executive Officer Mr Gunanidhi Das welcomed the agreement, describing it as an important step towards ensuring financial services become accessible to every Papua New Guinean, particularly those living in rural and underserved communities.

“We believe that opening a bank account should not be a privilege reserved for people in urban centres. It should be the birthright of every Papua New Guinean, and access to credit should be available to every aspiring entrepreneur,” Mr Das said.

He commended CEFI for its Training of Trainers programme, which has helped build a nationwide network of qualified financial literacy trainers, including 26 Women’s Micro Bank staff members who now deliver financial education throughout the country.

Mr Das said financial literacy provides communities with the knowledge to manage money effectively, while Women’s Micro Bank ensures they have immediate access to practical financial services such as savings accounts and affordable loan products.

He revealed that since launching its specialised SME lending programme earlier this year, the bank has approved nearly 1,500 loans for women and families, many of whom had never previously owned a bank account. The bank is also partnering with markets, churches, community organisations and training institutions to deliver banking services directly to informal sector participants.

“Training creates knowledge, but people also need access to financial products so they can put that knowledge into practice. That is where our partnership with CEFI and the Department becomes so important,” he said.

Under the agreements, the Department for Community Development and Religion will provide K800,000 to support CEFI’s financial literacy Training of Trainers and retail training programmes. A further K200,000 has been allocated to Women’s Micro Bank as seed funding to support new account openings and provide loans, particularly for women, vulnerable groups and persons with disabilities.

The strengthened collaboration reflects the shared commitment of all three organisations to expanding financial inclusion, promoting entrepreneurship and improving economic opportunities for communities throughout Papua New Guinea.

 

 

Ends.

 

 

Image 1: CEFI Acting Executive Director, Mr Peter Samuel, and Department of Community Development and Religion (DFCDR) Secretary, Mr Jerry Ubase, sign the Memorandum of Agreement (MoA).

Image 2: CEFI Acting Executive Director, Mr Peter Samuel, and DFCDR Secretary, Mr Jerry Ubase, shake hands following the signing of the MoA, reaffirming the strong partnership between the two organisations.

Image 3: Women’s Micro Bank Chief Executive Officer, Mr Gunanidhi Das, and DFCDR Secretary, Mr Jerry Ubase, sign the Memorandum of Agreement.

Image 4: Women’s Micro Bank Chief Executive Officer, Mr Gunanidhi Das, and DFCDR Secretary, Mr Jerry Ubase, shake hands after signing the MoA, marking the beginning of a strengthened partnership between the two organisations.

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24^th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and monitoring all financial inclusion activities in PNG.

CEFI’s vision, mission and values focus on financial inclusion and literacy, poverty elimination and the promotion of vibrant financial institutional operation in Papua New Guinea.

Visit our website – www.thecefi.org

Media Contact:

Mr. Leslie Omaro

Communication Officer

Phone: 79736883

Email: lomaro@thecefi.org

The Centre for Excellence in Financial Inclusion (CEFI), in partnership with Business Link Pacific (BLP), marked World Micro, Small and Medium-sized Enterprises (MSME) Day 2026 by bringing together business leaders, development partners, financial institutions and entrepreneurs to strengthen collaboration and expand opportunities for Papua New Guinea’s MSME sector.

The event celebrated this year’s global theme, “Connect, Collaborate, Prosper,” highlighting the importance of partnerships in building resilient businesses and promoting inclusive economic growth.

Opening the event, CEFI Acting Manager for Financial Inclusion and Capacity Development, Mr Sebastian Mugup, described MSMEs as the backbone of Papua New Guinea’s economy, recognizing their contribution to employment, innovation and community development. He emphasized that stronger partnerships between businesses, financial institutions and development organizations were essential to creating a more inclusive and resilient economy.

“No business succeeds in isolation. SMEs thrive when they are connected to markets, financial institutions, business networks and opportunities,” Mr Mugup said.

Delivering the keynote address, Her Excellency Ms Georgina Roberts, New Zealand High Commissioner to Papua New Guinea, reaffirmed New Zealand’s commitment to supporting private sector development through Business Link Pacific. She highlighted the critical role MSMEs play in driving economic growth, particularly in rural communities, and encouraged continued collaboration to create opportunities for women, youth and aspiring entrepreneurs.

“Government creates an enabling environment, but it is the private sector that drives the economy,” Ms Roberts said.

Business Link Pacific Director Mr Steve Knapp reflected on the programme’s growth since commencing operations in Papua New Guinea in 2017, noting that BLP has expanded access to quality business advisory services, investment grants and finance for hundreds of local businesses. He said partnerships remain the foundation of the programme’s success.

“When we work in partnership and support each other with ideas and encouragement, we can achieve so much more than when we work alone,” Mr Knapp said.

Women’s Micro Bank Chief Executive Officer Mr Gunanidhi Das highlighted the bank’s partnership with Business Link Pacific in expanding financial access for entrepreneurs, particularly women and informal sector businesses. He said the collaboration had strengthened lending capacity, lowered borrowing costs and enabled thousands of Papua New Guineans to participate in the formal financial system.

“Access to finance should not be a privilege. It should be an opportunity available to every aspiring entrepreneur,” Mr Das said.

Representing Kina Bank, SME Business Banking Adviser Mr Joseph Agi acknowledged Business Link Pacific’s recognition of the bank’s contribution to SME financing.

He said the partnership had strengthened Kina Bank’s ability to provide not only financial products but also access to expert business advisory services that support sustainable enterprise growth.

“By combining access to finance with knowledge and capability building, we can create greater opportunities for businesses to thrive and contribute to Papua New Guinea’s economic development,” Mr Agi said.

The event also featured presentations from financial institutions and insurance providers, providing MSMEs with practical information on business finance, insurance, business advisory services and financial products designed to support business growth and resilience.

 

 

Ends.

 

 

 

Image Captions

Image 1: Mr Sebastian Mugup, Manager – Financial Inclusion and Capacity Development Unit, delivers the opening remarks during the World MSME Day celebration.

Image 2: Participants, including Business Link Pacific (BLP) representatives, women-owned MSMEs and representatives from financial institutions, listen attentively during the World MSME Day event.

Image 3: Guests from Business Link Pacific, women-led MSMEs and the financial sector participate in the World MSME Day programme.

Image 4: Her Excellency Ms Georgina Roberts, New Zealand High Commissioner to Papua New Guinea, delivers the keynote address at the World MSME Day celebration.

Image 5: Her Excellency Ms Georgina Roberts, New Zealand High Commissioner to Papua New Guinea, engages the audience during her keynote address at the World MSME Day event.

Image 6: Attendees representing Business Link Pacific, women entrepreneurs and financial institutions gather for the World MSME Day celebration.

Image 7: Mr Steve Knapp, Director of Business Link Pacific, addresses participants during the World MSME Day programme.

Image 8: Mr Steve Knapp, Director of Business Link Pacific, presents the Financial Institution Alliance Award to Kina Bank SME Business Banking Adviser, Mr Joseph Agi.

Image 9: Mr Steve Knapp, Director of Business Link Pacific, presents the Financial Institution Alliance Award to Women’s Micro Bank Chief Executive Officer, Mr Gunanidhi Das.

Image 10: Women’s Micro Bank Chief Executive Officer, Mr Gunanidhi Das, shares his remarks with invited guests during the celebration.

Image 11: Kina Bank SME Business Banking Adviser, Mr Joseph Agi, speaks on the importance of supporting MSMEs through accessible financial services.

Image 12: From left: Her Excellency Ms Georgina Roberts, New Zealand High Commissioner to Papua New Guinea; Mr Andoin Sevua, Manager – Finance and Administration, CEFI; Mrs Kopi-Like Gammon, Owner of KLG & Co Business Consultants; and Mr Steve Knapp, Director of Business Link Pacific, join together to cut the official World MSME Day cake.

Image 13: Invited guests, including Business Link Pacific executives and event partners, pose for a commemorative group photograph following the official programme.

 

Image 14: Representatives from insurance providers deliver presentations showcasing insurance products and services before participants engage in networking opportunities.

Image 15: Delegates interact with insurance providers during a networking session following presentations on insurance products and services.

Image 16: Participants exchange ideas and build professional connections while exploring insurance solutions presented by industry representatives.

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24^th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and monitoring all financial inclusion activities in PNG.

CEFI’s vision, mission and values focus on financial inclusion and literacy, poverty elimination and the promotion of vibrant financial institutional operation in Papua New Guinea.

Visit our website – www.thecefi.org

Media Contact:

Mr. Leslie Omaro

Communication Officer

Phone: 79736883

Email: lomaro@thecefi.org