+675 322 5300

Call to speak to our team

info@thecefi.org

Contact our team via email

Mon - Fri: 8:00 - 4:30

We maintain normal hours

Categories
News Article

CEFI Brings Financial Inclusion Closer to Communities with Awareness Bus

The Centre for Excellence in Financial Inclusion (CEFI) has unveiled an awareness campaign in the form of wrapping its 15-seater bus aimed at promoting financial inclusion, with a strong focus on encouraging savings among citizens in the Nations Capital and Central Province.

The bus, now adorned with vibrant imagery and impactful messaging, carries the central theme, “Save Now For a Better Tomorrow”, alongside supporting slogans such as “Learn About Money – Build Your Future”, “Open an Account, Secure Your Future”, “Start Using CellMoni Wallet, Internet and Mobile Banking Today”, and “Financial Inclusion For Every Papua New Guinean”.

These messages are complemented by strong visuals from CEFI’s financial literacy training programmes and Young Mind Savings Awareness Campaigns, reflecting the organization’s mission to ensure all citizens can access and benefit from financial services.

In addition to its visual appeal, the bus incorporates interactive features designed to connect the public with CEFI’s services. QR codes displayed on the vehicle provide direct access to the CEFI website, while contact details, including phone numbers, email, and social media platforms such as Facebook, LinkedIn, WhatsApp, Instagram, YouTube and TikTok, are prominently showcased for public engagement.

CEFI Acting Executive Director, Peter Samuel, who initiated the concept, said the initiative is intended to expand outreach and strengthen financial literacy in Port Moresby which CEFI is head quartered and Central Province.

“We want Papua New Guineans to be educated and be aware of financial inclusion, and painting the bus with our key messages on savings accompanied by powerful images will play a part when they see it around the streets of Port Moresby which may impact them positively,” Mr Samuel said.

“We believe that the images and the key messages painted on the bus will tell their own story and encourage more people to be better informed about savings and what it means to use money wisely,” he added.

Mr Samuel noted that the initiative aligns well with upcoming savings awareness campaigns in Port Moresby and Central province, particularly during outreach visits to schools.

 

Ends.

Image Caption: A vibrant CEFI outreach bus, wrapped in eye-catching visuals and compelling messages, promoting financial inclusion and encouraging a culture of savings among communities in the National Capital and Central Province.

 

 

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
News Article

BPNG through its GESI Desk Strengthens Financial Inclusion Efforts with Financial Abuse Workshop for CEFI Staff

Addressing financial abuse has become increasingly important in strengthening financial inclusion and consumer protection frameworks recognizing the growing impact of financial control within personal relationships and communities, the Gender Equality, Social Inclusion (GESI) Desk of the Bank of Papua New Guinea facilitated a Financial Abuse Workshop for staff of the Centre for Excellence in Financial Inclusion (CEFI) on April 07 at the CEFI Office.

The workshop was delivered by Catherine Fitzpatrick, Founder and Director of Flequity, and Ryan Burke, Consultant with the International Finance Corporation (IFC). The sessions focused on strengthening institutional understanding of financial abuse and equipping financial educators with practical tools to promote financial safety and empowerment.

Opening the workshop, Ms. Fitzpatrick presented on Financial Abuse Strategy and Financial Safety by Design, emphasizing the need for financial institutions to recognize how financial products and services can be misused to exert control over individuals, particularly in family or partner relationships.

She explained that financial abuse differs from fraud or scams, noting that, “What we’re really looking at is somebody using money to control another person in a partnership or family relationship.”

Fitzpatrick highlighted the importance of integrating financial abuse awareness into financial literacy programmes, enabling individuals to identify harmful behaviors that may otherwise go unrecognized.

She stressed that institutions have a responsibility to ensure their systems promote independence and wellbeing. “You need to recognize that your products might be misused for controlling somebody else,” she said, adding that more than 80 organizations globally have incorporated financial abuse protections into customer terms and conditions.

She further explained that the Financial Safety by Design framework supports institutions to identify risks within financial products, particularly digital services such as online banking and mobile wallets, which may be exploited to monitor or restrict financial activity. The framework encourages organizations to strengthen safeguards, improve communication on acceptable use of financial services, and embed protective measures that reduce vulnerability.

Mr. Burke expanded on these discussions through his presentation on Empower Finance and the Community of Practice initiative, highlighting research findings across the Asia-Pacific region. He noted that many individuals are familiar with financially abusive behaviors but lack the terminology to identify them. “People have seen the behaviour… but nobody knew what to call it,” he said.

Burke shared findings from surveys involving more than 7,000 bank employees, revealing that 46 per cent knew someone in their community experiencing financial abuse, while 51 per cent had observed customers facing similar situations. Common behaviours included controlling household income, limiting access to bank accounts, and pressuring individuals to surrender earnings. He emphasized that “frontline bank staff see financial abuse on a very regular basis,” reinforcing the need for structured institutional responses.

He explained that the Empower Finance initiative supports financial institutions to strengthen fraud detection systems, improve customer protection measures, and build staff capacity to respond effectively. “Now we know about it, we can do something about it,” Burke said, highlighting the importance of collaboration between regulators, financial institutions, and development partners to improve outcomes for vulnerable individuals.

The workshop also included a group activity and question and answer session, providing CEFI staff with an opportunity to discuss practical approaches to integrating financial abuse awareness into financial literacy programmes. Feedback from participants was positive, with staff expressing appreciation for the relevance of the presentations and the practical tools shared to support financial safety initiatives.

In closing, Agesula Jogamup, GESI Manager at the Bank of Papua New Guinea, emphasised the importance of translating knowledge into practical community-level impact. “What do we do after this? What is our role in here?” she asked, encouraging CEFI Staff to consider how lessons from the workshop could be applied through training resources, community awareness materials, and strengthened institutional collaboration.

Mrs Jogamup acknowledged CEFI’s ongoing leadership in financial literacy and outreach programmes, noting the value of leveraging existing platforms to expand public awareness.

She further highlighted the need for continued capacity building and collaboration with partners such as IFC to ensure sustained progress in addressing financial abuse. “Interaction with communities is important,” Mrs Jogamup stated, reinforcing the role of financial educators in building trust and supporting individuals affected by financial abuse.

The workshop demonstrated the importance of partnerships between the Bank of Papua New Guinea, CEFI, and development partners in strengthening financial inclusion initiatives that prioritize safety, empowerment, and protection for vulnerable individuals.

 

Ends.

Image Captions:

 

Image 1: CEFI staff pose for a group photograph with the Bank of Papua New Guinea GESI team and workshop facilitators following the Financial Abuse Workshop on 7 April 2026.

Image 2: Opening the workshop, Ms Fitzpatrick presented on Financial Abuse Strategy and Financial Safety by Design.

Image 3: Ms Fitzpatrick delivering her presentation on Financial Abuse Strategy and Financial Safety by Design at the CEFI office on 7 April 2026.

Image 4: Catherine Fitzpatrick, Founder and Director of Flequity, delivering her presentation during the Financial Abuse Workshop at the CEFI office on 7 April 2026.

Image 5: CEFI staff member Tobias Toumne providing feedback during a group activity.

Image 6: CEFI staff member Adelle Auhava presenting her group’s feedback during a group activity and question-and-answer session.

Image 7: Ryan Burke, Consultant with the International Finance Corporation, delivering his presentation on Empower Finance and the Community of Practice during the Financial Abuse Workshop at the CEFI office on 7 April 2026.

Image 8: Ryan Burke, Consultant with the International Finance Corporation, presenting during the Financial Abuse Workshop at the CEFI office on 7 April 2026.

Image 9: Ryan Burke, Consultant with the International Finance Corporation, presenting on Empower Finance and the Community of Practice during the Financial Abuse Workshop at the CEFI office on 7 April 2026.

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
News Article

Lihir Ladolam Pit Landowners Complete Retail Training

Representatives of the Lihir Ladolam Pit Landowners Association have received certificates in Retail Training after successfully completing a week-long training facilitated by the Centre for Excellence in Financial Inclusion (CEFI).

The landowner representatives were awarded their certificates during a brief mini graduation ceremony hosted by the Mineral Resources Authority (MRA) at its office in Port Moresby on Thursday, 26 March.

A total of 32 participants including 14 women attended the Financial Literacy training under MRA.

In addition to the CEFI certificates, participants also received certificates from the Papua New Guinea Institute of Directors (PNGID) and the Institute of Banking and Business Management (IBBM) after attending their respective training sessions aimed at strengthening leadership and financial management skills.

Speaking during the ceremony, CEFI Acting Executive Director Peter Samuel commended the landowners for successfully completing the programme, describing it as an important step towards improving financial discipline and strengthening landowner participation in business.

Mr. Samuel said the training was designed to equip participants with practical knowledge in retail business operations and financial management.

“Without your input and without all your support and effort, this thing won’t be possible,” Mr. Samuel said while acknowledging the support of MRA and other partners.

He further emphasized the importance of financial education, particularly for communities receiving income from resource projects.

“Many of our people have been living pay cheque to pay cheque, and we have never developed a saving culture in our society,” he said, encouraging participants to set both short-term and long-term financial goals.

Chairwoman of the Lihir Ladolam Pit Landowners Association, Monica Kuten, thanked CEFI and its partners for facilitating the training. She said the programme was vital for landowner representatives, who would share the knowledge gained with their respective groups.

“The training is very important for our representatives as they will impart the knowledge and skills learnt back to their groups,” Ms. Kuten said. She added that the training would also help improve participants’ savings and budgeting skills.

Manager Project Coordination – MRA, Pelis Vatnabar also commended participants for their commitment and dedication throughout the training.

Also present to witness and present certificates were, Mr. Judah Linus, Project CoordinatorMRA, Mrs. Cathy Kale- PNGID Treasurer and Director and Mrs. Shigu Hombunaka IBBM-Manager Corporate Training.

Ends.

Image Captions:

Image 1: Trainee participants with invited guests from CEFI, IBBM and PNGID pose for a group photograph following the graduation on 26 March at the MRA Office in Port Moresby.

Image 2: CEFI Acting Executive Director, Mr Peter Samuel, delivers his opening remarks during the graduation on 26 March at the MRA Office in Port Moresby.

Image 3:  CEFI Acting Executive Director, Mr Peter Samuel, delivers his opening remarks during the graduation on 26 March at the MRA Office in Port Moresby.

Image 4: IBBM Manager Corporate Training, Mrs Shigu Hombunaka, delivers her remarks during the graduation on 26 March at the MRA Office in Port Moresby.

Image 5: IBBM Manager Corporate Training, Mrs Shigu Hombunaka, delivers her remarks during the graduation on 26 March at the MRA Office in Port Moresby.

Image 6: PNGID Treasurer and Director, Mrs Cathy Kale, delivers her remarks during the graduation on 26 March at the MRA Office in Port Moresby.

Image 7: Chairwoman of the Lihir Ladolam Pit Landowners Association, Monica Kuten, delivers her remarks during the graduation ceremony.

Image 8: Participants listen attentively to speeches during the graduation ceremony.

Image 9: CEFI Acting Executive Director, Mr Peter Samuel, presents Mathilda Kambe with her Retail Training Certificate.

Image 10: CEFI Acting Executive Director, Mr Peter Samuel, presents Peter Kalayer Junior with his Retail Training Certificate.

Image 11: CEFI Acting Executive Director, Mr Peter Samuel, presents Monica Kuten with her Retail Training Certificate.

Image 12: Manager Project Coordination – MRA, Pelis Vatnabar, presents Hendriela Faboktaufi with her Retail Training Certificate.

Image 13: PNGID Treasurer and Director, Mrs Cathy Kale, presents Lawrence Aien with his certificate after he successfully completed the course facilitated by the institute.

Image 14: PNGID Treasurer and Director, Mrs Cathy Kale, presents Josephine Lusen with her certificate after she successfully completed the course facilitated by the institute.

Image 15: PNGID Treasurer and Director, Mrs Cathy Kale, presents Gregory Pokla with his certificate after he successfully completed the course facilitated by the institute.

Image 16: PNGID Treasurer and Director, Mrs Cathy Kale, presents Judah Linus with his certificate after he successfully completed the course facilitated by the institute.

Image 17: IBBM Manager Corporate Training, Mrs Shigu Hombunaka, presents Serah Lusem with her certificate after she successfully completed a course at IBBM.

Image 18: IBBM Manager Corporate Training, Mrs Shigu Hombunaka, presents Paul Gesmon with his certificate after he successfully completed a course at IBBM.

Image 19: IBBM Manager Corporate Training, Mrs Shigu Hombunaka, presents Nason Toksem with his certificate after he successfully completed a course at IBBM.

Image 20: IBBM Manager Corporate Training, Mrs Shigu Hombunaka, presents Judith Kapal with her certificate after she successfully completed a course at IBBM.

Image 21: Participants attended the week-long Retail Training facilitated by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 22: Participants actively engaged in sessions during the week-long Retail Training delivered by CEFI under the MRA initiative at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 23: Participants gained practical knowledge during the week-long Retail Training conducted by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 24: Participants collaborated and shared experiences throughout the week-long Retail Training facilitated by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 25: Participants took part in interactive learning activities during the week-long Retail Training facilitated by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 26: Participants strengthened their retail skills through the week-long Retail Training facilitated by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 27: Participants engaged in practical discussions during the week-long Retail Training facilitated by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 28: Participants participated in capacity-building sessions during the week-long Retail Training facilitated by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

Image 29: Participants enhanced their understanding of retail practices during the week-long Retail Training facilitated by CEFI under the MRA programme at the CEFI Office in Port Moresby from 16–20 March 2026.

 

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
News Article

CEFI and The Leprosy Mission PNG Partner to Strengthen Financial Literacy for Vulnerable Communities

The Centre for Excellence in Financial Inclusion (CEFI) and The Leprosy Mission Papua New Guinea (TLM-PNG) have formalised a new partnership aimed at improving financial literacy and financial inclusion among vulnerable communities across Papua New Guinea.

The two organizations signed a Memorandum of Understanding (MoU) on Tuesday March 31 at the CEFI Office in Port Moresby. The agreement establishes a collaborative framework for delivering financial literacy training and related financial inclusion initiatives over the next three years.

Under the partnership, CEFI will provide financial literacy training for 25 TLM-PNG staff and key volunteers who are actively involved in community-based development programmes. The training will support projects where financial capability is essential, including the Preventive Health and Community Empowerment (PHACE) programme, Sustainable Active, Fearless and Empowered (SAFE) Communities initiative, Kominiti Assistance Package (KAP) and  Climate Change Resilience (CCR), and crab farming projects.

In addition, the programme aims to reach at least 500 community participants over the three-year period of the MoU through community-based retail financial literacy training.

Speaking during the signing ceremony, CEFI Acting Executive Director Mr. Peter Samuel described the partnership as an important milestone for the organisation. He said the collaboration marks the first time CEFI has entered into a formal partnership with a health-focused organisation working directly with marginalised communities.

Mr. Samuel noted that CEFI has traditionally partnered with financial institutions but emphasised that financial inclusion must extend beyond the financial sector.

“For us, this is a very unique partnership because we have mainly focused on traditional partners such as financial institutions. However, our agenda and even our name speaks about financial inclusion,” he said.

He added that the concept of inclusion must recognise organisations that work with individuals who are often excluded from mainstream systems and services.

“The word inclusion should not exclude other agencies that play a critical role in supporting people who are marginalised,” Mr. Samuel stated. “Your organisation empowers groups of people who are often outcast by society or overlooked by institutions.”

Mr. Samuel also encouraged both organisations to ensure the partnership translates into meaningful action and tangible results for communities.

“Let us not just sign the MoU and put it aside,” he said. “We must share our work programmes and find ways to collaborate so that the partnership delivers real outcomes for the communities we serve.”

Senior Programme Manager for PHACE, Mr. Larson Neayambe, welcomed the partnership and expressed appreciation for CEFI’s support in strengthening the organisation’s community empowerment initiatives.

Mr. Neayambe explained that while TLM-PNG primarily focuses on health programmes related to leprosy detection, treatment and patient support, the organisation is increasingly integrating livelihood and empowerment initiatives to address poverty and social exclusion.

He noted that programmes such as the SAFE initiative aim to equip vulnerable individuals, including those affected by leprosy, with literacy skills and livelihood opportunities so they can become self-reliant.

“We want to see projects that empower people so they can sustain themselves,” he said.

Mr. Neayambe also acknowledged that TLM-PNG does not have the technical expertise to deliver financial literacy training independently, making the partnership with CEFI particularly valuable.

“We are a health organisation and we don’t have the capacity or expertise to facilitate financial literacy training,” he said. “Thank you so much for accepting us and agreeing to sign this MoU.”

Through the partnership, CEFI will also provide complementary support to strengthen financial inclusion within TLM-PNG programmes, including promoting digital personal banking and facilitating bank account openings for community participants during or immediately after financial literacy training sessions.

Both organisations expressed confidence that the collaboration will contribute to improved financial capability, stronger livelihoods, and greater social inclusion for vulnerable communities across Papua New Guinea.

Ends.

Image Captions:

 

 

Image 1: CEFI Acting Executive Director Mr. Peter Samuel delivering his opening remarks during the signing ceremony (right).

Image 2: Mr Larson Neayambu from The Leprosy Mission PNG delivering his remarks on behalf of TLM during the signing ceremony.

Image 3: Mr Larson Neayambu (right) and Mr Peter Samuel (left) participating in the official signing of the Memorandum of Understanding (MoU).

Image 4: Mr Larson Neayambu (right) and Mr Peter Samuel signing the Memorandum of Understanding (MoU).

Image 5: Mr Larson Neayambu and Mr Peter Samuel pose for the official photograph following the signing of the Memorandum of Understanding (MoU).

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
Flyer

Happy Easter from CEFI

“Wishing our valued partners and stakeholders a joyful Easter from the staff, management & board at the Centre for Excellence in Financial Inclusion.
May this season of renewal bring hope, prosperity, and fresh beginnings to you and your loved ones.
Thank you for your continued trust and collaboration.
Happy Easter!”
Categories
Media Releases

CEFI, DFCDR and World Bank Collaborate to Improve Child Nutrition and Financial Access in PNG

The Centre of Excellence in Financial Inclusion (CEFI) and the Department for Community Development and Religion (DFCDR) have formalised a partnership aimed at implementing the Child Nutrition and Social Protection (CNSP) project that enhance financial inclusion across PNG.

The two organisations signed a Memorandum of Agreement (MOA) on Wednesday, 11 March, at DFCDR’s Kwalimu Haus office in Port Moresby.

The World Bank, represented virtually by Senior Economist Mr. Ning Fu, supports the project by providing funding and technical expertise to improve government systems, child health, and social protection mechanisms such as conditional cash transfers for vulnerable families.

The agreement made to implement the Child Nutrition and Social Protection (CNSP) Project, a project funded by the World Bank through PNG government initiative to reduce child malnutrition and strengthen household resilience among vulnerable families. Through the project, eligible low-income households will receive conditional cash transfers, known as Child Nutrition Grants, delivered through regulated financial service providers.

Under the arrangement, the grants will be deposited directly into bank accounts and mobile wallet accounts to promote transparency, security and access to formal financial services. CEFI will play a key coordinating role by engaging financial service providers, strengthening payment delivery systems and coordinate partner provincial governments to roll out the project implementation efficiency and effective.

The agreement also focuses on expanding financial access points such as banking agents and ATMs in project areas, supporting digital payment systems and promoting gender-inclusive agent networks. It further outlines collaboration between DFCDR, CEFI and the World Bank to support monitoring, reporting and effective implementation of the programme.

Speaking during the signing ceremony, CEFI Acting Executive Director Peter Samuel thanked DFCDR and development partners for their support in finalising the agreement.

“I’d like to acknowledge the Secretary for giving us the opportunity to meet and complete this project agreement,” Mr Samuel said.

He also acknowledged the support of the World Bank team and DFCDR officials who worked together to coordinate the initiative.

Mr Samuel explained that CEFI was established by the Bank of Papua New Guinea to address the large number of Papua New Guineans previously excluded from the formal financial system.

“At one stage nearly 70 per cent of our population did not have access to banking services,” he said. “That meant many people were outside the formal financial system.”

However, he noted that significant progress has been made over the past decade.

“We started with about 800 bank accounts nationwide. Today we have almost 4.6 million accounts, and around 50 per cent of those belong to women,” Mr Samuel said.

He said the new partnership would support the country’s financial inclusion targets, which include creating two million additional bank accounts and establishing about 1,500 financial access points across Papua New Guinea.

According to Mr Samuel, the initiative will also support financial literacy training, strengthen digital banking skills and help identify small and medium enterprises that could benefit from business development programmes.

“This project will play a critical role in helping us meet our national targets and improving livelihoods at the district level,” he said. “We look forward to working closely together to achieve these goals,” mr Samuel said.

Under the MOA CEFI will support DFCDR to carry out a defined set of activities to the Financial Service Provider (FSP) and Agent Network Expansion in support of the CNSP Project.

CEFI’s agreement will focus on two primary workstreams:

Coordination Activities:

  1. Facilitate engagement with FSPs
  2. Support DfCDR field operations
  3. Engage with provincial governments
  4. Conduct quarterly independent reviews
  5. Prepare quarterly progress reports

Agent Network Support Activities:

  1. Lead the design and implementation of performance based incentives structures
  2. Advise on the revision and alignment of payment agreements with FSPs
  3. Participate in DfCDR led annual review meetings
  4. Maintain regular communication and consultation

 

DFCDR Secretary Jerry Ubase emphasised the importance of financial literacy and inclusive economic participation in creating opportunities for Papua New Guineans, particularly women in rural communities.

“Our duty is to help create the one million jobs our Prime Minister has spoken about,” Mr Ubase said. “These opportunities cannot come only from formal employment but also from financial literacy and economic training at the sub-national level.”

Mr Ubase said the CNSP project had already made progress in delivering financial literacy training through community trainers across districts and provinces. He noted that the programme now includes opening bank accounts for participants immediately after training.

“This time we are doing something different. After the training, we open an account for them so everything is done at a one-stop shop,” he said.

He added that the initiative has already produced positive outcomes, particularly for mothers who are now able to save money, support household expenses and contribute to their children’s school fees.

“All we want is for our people to be productive and engaged in their communities,” Mr Ubase said.

CNSP Component Manager Joseph Klapat said the partnership would also help mobilise more financial service providers to support the programme’s expansion.

“We were able to register about 24,000 beneficiaries last year, and this year we have set a target of 10,000 more,” Mr Klapat said.

He said the agreement would enable the project to engage additional banks and expand its reach to more provinces.

“The project is designed for long-term sustainability. We want to ensure it reaches as many people as possible,” he said, describing the initiative as an important step towards reducing poverty and strengthening financial resilience across Papua New Guinea.

 

Ends.

Images:

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
News Article

Mr. Albert Mokis Ahabh Graduates Top of Class in MBA Program at Divine Word University, Port Moresby Campus

The Centre for Excellence in Financial Inclusion (CEFI) formally congratulates Mr. Albert Mokis Ahabh, the National Financial Inclusion Strategy Implementation Coordinator, on successfully completing his Master of Business Administration (MBA) (Management) programme at Divine Word University, Port Moresby Campus, graduating with the highest grade point average in his class.

In his congratulatory remarks, CEFI’s Acting Executive Director, Mr. Peter Samuel, stated that Mr. Albert Mokis Ahabh’s achievement serves as an inspiration to his colleagues, encouraging them to pursue further education to enhance their knowledge and build their confidence.

“CEFI remains committed to supporting the professional development of its staff. Throughout the two-year programme from 2024 to 2025, Mr. Albert Mokis Ahabh demonstrated exceptional dedication and academic excellence, culminating in his graduation on 13 March. This is indeed a remarkable achievement,” Mr. Samuel said.

He further expressed optimism about Mr. Albert Mokis Ahabh’s future contributions, stating, “We look forward to his continued involvement in financial inclusion initiatives and the positive impact he will have on the lives of our people.”

Mr. Albert Mokis Ahabh has been employed by CEFI since 2017, following his graduation with a degree from the University of Papua New Guinea, and a qualification in Microfinance from the Institute of Banking and Business Management.

Ends.

Images:

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
News Article

Regional Recognition Highlights CEFI’s Growing Impact on SME Development in PNG

Two representatives from the Centre for Excellence in Financial Inclusion (CEFI) returned from a regional Business Link Pacific (BLP) workshop held in Fiji, bringing back invaluable insights on enhancing the support for small and medium-sized enterprises (SMEs). They were also honoured with a prestigious award during the event.

Ms. Adelle Auhava and Mrs. Daisy Moses represented CEFI at the two-day workshop, which took place from 11 to 13 March in Nadi, Fiji.

The gathering brought together 14 Business Service Managers from various Pacific island nations and seven executives from New Zealand-based BLP partners. This was the first in-person meeting of Business Service Managers since the BLP programme’s launch in 2017.

The workshop culminated in an awards ceremony recognising the contributions of private sector organisations (PSOs) and individuals advancing the BLP initiative.

CEFI was awarded for its partnership with the BLP programme, while Ms. Auhava received the Networking Award for her efforts in fostering strong collaborations among SMEs, financial institutions, and programme partners.

“Receiving this recognition underscores the vital work being done in Papua New Guinea (PNG) to support SME growth and financial inclusion,” Ms. Auhava commented after the event.

CEFI’s Acting Executive Director, Mr. Peter Samuel, congratulated Ms. Auhava and Mrs. Moses  for their exemplary representation of CEFI and PNG at the regional workshop.

“This recognition reflects the increasing role that CEFI plays in bolstering SME development and financial inclusion within the country. The insights gained from the Fiji workshop would enhance programme implementation in Papua New Guinea, providing further opportunities for local SMEs to thrive in a competitive landscape,” Mr. Samuel stated.

Mr. Samuel commended representatives from financial institutions that helped facilitate concessional loans for SMEs, stating that such partnerships are crucial for ensuring access to essential capital.

“The programme positively impacts lives by enhancing business operations and opening funding avenues for SMEs,” Mr. Samuel said.

Mr. Samuel acknowledge, Daisy for her contributions, which have notably increased the volume of SME assessments and programme activities in recent months.

The workshop’s agenda included site visits to businesses currently benefiting from the BLP programme, enabling participants to witness first-hand the financial support and advisory services being provided.

“One of the organisations we visited is a specialised financial institution exclusively supporting sugarcane growers in Fiji,” Ms. Auhava reported.

“Targeted financing models like this could offer valuable insights to other Pacific nations seeking to enhance agricultural value chains,” she added.

In addition to field visits, the workshop provided refresher sessions on core BLP components, including access to concessional loans, marketing strategies, and business diagnostic tools.

Participants exchanged experiences and discussed methods for improving programme delivery.

“Networking and sharing insights from our regions were incredibly valuable,” Ms. Auhava added. “This exchange of knowledge will surely benefit our approach back here in our country.”

CEFI plays a important role in the BLP initiative, connecting SMEs with vital resources.

Ms. Auhava further stated that businesses participating in the programme undergo diagnostic assessments to highlight areas for operational enhancement. Following this, they can access advisory services and apply for grants to facilitate growth.

“Among the new initiatives introduced during the workshop was the extension of the BLP Programme in Mt. Hagen Western Highlands Province which will be managed by the Western Highlands Chamber of Commerce and Industry that will be designed to provide additional financial backing and Business Advisory Services to the business community not only in Mt. Hagen but the Highlands Region in PNG who are aiming to scale operations. The BLP programme also continues to offer subsidies for advisory services, enabling SMEs to access professional support in financial management and business development,” she said.

The workshop witnessed participation from nine Pacific nations Papua New Guinea, Solomon Islands, Vanuatu, Fiji, Samoa, Kiribati, Tuvalu, Niue and the Cook Islands.

Papua New Guinea having the largest representation, further emphasising the significance of the programme in the country’s SME development efforts.

Ends.

Images:

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
News Article

Empowering Communities Through Financial Skills: 80 Graduates Complete CEFI Retail Training in Western Highlands

CEFI’s Acting Executive Director Mr Peter Samuel joined 80 proud graduates at a heartwarming mini graduation ceremony held at Paglum SDA Secondary Hall, marking the successful completion of a three-day Retail Training programme.

The  training , which concluded on Wednesday 18th March, brought together participants from the Ramoi Ouknimbo Community Development Association in Mul-Baiyer District, Western Highlands, an area now celebrating its first-ever financial literacy initiative of this calibre.

Other guests who witnessed the graduation included Acting Department Manager, Payments at Bank of Papua New Guinea (BPNG) Mr Stephen Pouru, Senior Currency Officer Mr Delson Opos – BPNG, Mr Max Siwi from the Securities Commission of Papua New Guinea, and other key stakeholders.

In his congratulatory address, Mr Samuel encouraged graduates to harness their new skills to lift and improve their communities. “Put into good use the skills and knowledge learnt in this Retail Training. Let it transform your way of living,” Mr. Samuel said.

Mr. Rex Kuni from the Ramoi Ouknimbo Community Development Association said, “This was a first of its kind in our community and we are incredibly thankful to CEFI for recognising our association and delivering this training,”

The three-day retail training was facilitated by three women, Rita Krai, Angel Mong, and Lillian Namba.

According to one of the trainers, Rita Krai, she explained that the main purpose of the training is that, although people have money, they often spend it unwisely.

“That’s why we teach them to save specifically, two types of savings, emergency savings and general savings. The emergency savings help us to build upon our general savings more effectively. We also teach them to budget and track their cash flow, or keep proper records of it,” said Rita.

The journey began on Monday 16th March, when Mr Samuel opened the programme with a heartfelt speech acknowledging faith leaders, the church, and programme partners for their unwavering guidance. He paid special tribute to the dedicated CEFI Trainers and the warm community welcome that made the initiative possible.

His message resonated throughout the three days: unity, learning, and empowerment through practical skills and shared values.

The participants’ gratitude was palpable. For many, this training represented not just education, but recognition, opportunity, and hope for their community’s future.

Ends.

Images:

 

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

Categories
Media Releases

Empowering Future Generations: Over 8,000 Students Benefit from Young Minds Savings Campaign in Western Highlands Province

 

The Centre for Excellence in Financial Inclusion (CEFI) and the Bank of Papua New Guinea (BPNG) with support from the Security Commission of Papua New Guinea and various Financial Institutions, have successfully concluded the Young Minds Savings Campaign (YMSC) in Western Highlands Province (WHP), delivering financial education and awareness to more than 8,000 students across six schools and fostering a culture of responsible saving among Papua New Guinea’s youth.

Held from 18–20 March, the campaign targeted students from Togoba SDA Primary School, Togoba Secondary School, Paglum SDA Primary School, Paglum SDA Secondary School, Ogelbeng Primary School, and Ogelbeng Lutheran Secondary School. The initiative achieved strong engagement, with students showing overwhelming interest and off course embracing opportunities to learn more about savings, investments, open bank accounts and develop foundational financial skills.

The Western Highlands rollout marks the province’s emergence as a leader in youth financial education, with strong participation from schools, government agencies, and the various players in the financial sector. School principals commended the Provincial Government’s and CEFI’s proactive role in championing financial literacy, highlighting the program’s potential to positively shape students’ economic futures.

“The enthusiastic response from our young people demonstrates a genuine appetite for financial knowledge,” said Mr George Awap, Assistant Governor for Financial System Development and Innovation Group at BPNG, during the official opening ceremony at Togoba Secondary School on 18 March. “It is our responsibility to ensure that those who are left out are brought into the formal financial system.”

Mr Awap emphasized the central bank’s mandate to regulate financial institutions, issue currency, and maintain monetary stability, while underscoring the campaign’s mission to equip young people with practical money management skills. Using a relatable analogy, he noted: “Money is like water on the palm of your hand it can easily disappear if not managed wisely.”

Mr Peter Samuel, Acting Executive Director of CEFI, encouraged students to develop disciplined financial habits guided by clear goals. “You must develop the ability to stand firm whenever money is in your pocket,” he said. “Saving must be purposeful always linked to a financial goal.”

Mr Samuel also highlighted CEFI’s ongoing collaboration with the Department of Education to integrate financial literacy into the national curriculum by 2027 or 2028, reflecting a long-term commitment to strengthening financial capability across the country.

Mr Richard Lazarus, Executive Manager for Commerce, Culture and Tourism, reaffirmed the Provincial Government’s commitment to nurturing young entrepreneurs, encouraging students to consider business as a pathway to economic independence.

The campaign delivered tangible outcomes, with hundreds of students opening accounts through participating financial institutions, including Bank South Pacific, MiBank, TISA Bank, NCSL, and the National Banking Corporation. This practical approach helped bridge the gap between financial knowledge and real-world application.

In addition to student engagement, the campaign included professional development sessions for educators. The Securities Commission of Papua New Guinea, BPNG, and leading superannuation funds conducted sessions on investment, retirement savings, and financial planning, equipping teachers with knowledge to reinforce financial literacy both in classrooms and in their personal lives.

The initiative also extended to the public sector, with a dedicated financial awareness session for Western Highlands Provincial Government employees, strengthening institutional capacity for informed financial decision-making.

Western Highlands is the fourth partner to host the Young Minds Savings Campaign, following successful rollouts in Milne Bay and West New Britain in 2024, and East New Britain Province in 2025. The program was also delivered at the district level in Kerema last year.

From past campaigns, the campaign has reached more than 6,000 students nationwide and facilitated the opening of over 800 youth bank accounts.

Meanwhile, Mr Esley Tikil, Deputy Administrator for Western Highlands Province acknowledged CEFI and the WHP Commerce Division for coordinating the YMSC and welcomed representatives from BPNG, the Securities Commission of Papua New Guinea, the Treasury Department, commercial banks (BSP, TISA, National Banking Corporation, National Development Bank), Micro-Banks (MiBank) Superannuation Funds (Nasfund and Nambawan Super)), Savings and Loan Societies (Nasfund Contributors Savings and Loan Society and Nambawan Savings and Loan Society) and Life Insurance (BSP Life) to an awareness session held at Mara Haus in Mt Hagen on Tuesday  17 March.

The session addressed ongoing knowledge gaps among public servants and rural communities regarding access to financial services.

“Many public servants and citizens, particularly in rural areas, have limited understanding of financial services and the benefits available,” Mr Tikil said. “We are privileged to have these organizations here to share this important information.”

He emphasized that improving financial literacy among public servants, teachers, and communities is essential to securing individual financial futures and supporting broader national economic development.

Ends.

Image Captions:

Image 1: Students from Togoba Secondary and Primary Schools attend the opening of the 2026 Young Minds Savings Campaign at Togoba Secondary School Grounds in Western Highlands Province on 18 March.

Image 2: Assistant Governor for the Financial System Development and Innovation Group at the Bank of Papua New Guinea (BPNG), Mr George Awap, addresses students during the opening of the 2026 Young Minds Savings Campaign at Togoba Secondary School on 18 March.

Image 3: Mr George Awap, Assistant Governor for the Financial System Development and Innovation Group at the Bank of Papua New Guinea (BPNG), speaks during the opening ceremony of the 2026 Young Minds Savings Campaign at Togoba Secondary School on 18 March.

Image 4: A booth set up by the National Banking Corporation (NBC) during the three-day Young Minds Savings Campaign at Togoba Secondary School Grounds on 18 March.

Image 5: Executive Manager for Commerce, Culture and Tourism with the Western Highlands Provincial Government, Mr Richard Lazarus, addresses students during the opening ceremony of the 2026 Young Minds Savings Campaign at Togoba Secondary School on 18 March.

Image 6: Mr Albert Mokis Ahabh of the Centre for Excellence in Financial Inclusion (CEFI) and Ms Everlyn Mara of the Bank of Papua New Guinea (BPNG) speak with students during the Young Minds Savings Campaign at Togoba Secondary School on 18 March.

Image 7: Publications Officer with the Securities Commission of Papua New Guinea, Ms Rosie Stevennou, delivers remarks during the opening ceremony of the Young Minds Savings Campaign at Togoba Secondary School on 18 March.

Image 8: Bank of Papua New Guinea Currency Department officers Irong Mokela, Delson Opos (partially obscured) and Noreen Pala conduct an awareness session on Papua New Guinea’s currency for students at Togoba Secondary School Grounds on 18 March.

Image 9: Nasfund officers conduct an awareness session on the fund’s products and services for students during day one of the Young Minds Savings Campaign at Togoba Secondary School Grounds on 18 March.

Image 10: Togoba Secondary School Grade 12 students Gloria Timbi (left) and Wapi Mecklester participate in the Young Minds Savings Campaign at their school on 18 March.

Image 11: Acting Executive Director of the Centre for Excellence in Financial Inclusion (CEFI), Mr Peter Samuel, delivers a speech during day two of the Young Minds Savings Campaign at Paglum SDA Secondary School on 19 March.

Image 12: Students listen to guest speakers during day two of the Young Minds Savings Campaign at Paglum SDA Secondary School on 19 March.

Image 13: Students visit the Bank of Papua New Guinea awareness booth during day two of the Young Minds Savings Campaign at Paglum SDA Secondary School on 19 March.

Image 14: Students from Paglum Secondary and Primary Schools visit the TISA Bank booth during the Young Minds Savings Campaign at Paglum Secondary School Grounds on 19 March.

Image 15: Esther Aila from the Securities Commission of Papua New Guinea conducts an awareness session on the organisation’s role in the investment sector during day two of the Young Minds Savings Campaign at Paglum Secondary School Grounds on 19 March.

Image 16: Students of Ogelbeng Lutheran Secondary School listen to guest speakers during day three of the Young Minds Savings Campaign on 20 March.

Image 17: Students watch proceedings from the administration building during day three of the Young Minds Savings Campaign at Ogelbeng Lutheran Secondary School on 20 March.

Image 18: Students visit the NCSL booth during the Young Minds Savings Campaign at Ogelbeng Lutheran Secondary School on 20 March.

Image 19: Students from Ogelbeng Lutheran Secondary School open bank accounts at the TISA booth during the Young Minds Savings Campaign on 20 March.

Image 20: Students read a Young Minds Savings Campaign brochure at the CEFI booth during the campaign at Ogelbeng Lutheran Secondary School Grounds on 20 March.

Ends.

About CEFI

CEFI was established under the Association Incorporation Act and officially launched on the 24th of April 2013. CEFI was endorsed by PNG’s National Executive Council (NEC) as the industry apex organization for coordinating, advocating and moniotoring 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: 7464 5678

Email: lomaro@thecefi.org

 

error: We are sorry, you are not able to copy content. Please content site administrator for access to content.

Join our Mailing list!

Get all latest news, exclusive deals and academy updates.