+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
Media Releases

Young Mind Savings Campaign Reaches More Than 1,000 Students in Madang

More than 1,000 students in Madang Province have gained valuable financial literacy knowledge through the successful completion of the Young Mind Savings Campaign (YMSC), a three-day awareness programme aimed at promoting savings habits and responsible money management among school-aged children.

The campaign, held from 20–22 May 2026, brought together schools, financial institutions, government agencies and community stakeholders to encourage students to understand the importance of saving money and opening bank accounts from an early age.

The programme was conducted at Sagalau Demonstration Primary School, Holy Spirit Primary School and Kusbau Primary School. Students from Good Shepherd Secondary School also attended the afternoon session at Sagalau Primary School. Granget Primary School and Tusbab Secondary School were unable to participate due to ongoing school assessments.

The Young Mind Savings Campaign, launched in 2024, began with successful pilot programmes in Milne Bay and West New Britain provinces, resulting in more than 300 student bank accounts being opened. In August 2025, CEFI partnered with the East New Britain Provincial Government to reach 3,000 students across six schools, resulting in 500 new accounts being opened with support from financial institutions and government agencies.

The campaign continued to expand in October 2025 to Kerema District, where 3,800 students across six schools participated and 430 accounts were opened. In March 2026, a total of 2,073 bank accounts were opened during the campaign in Western Highlands Province.

The Madang programme was delivered through a partnership between the Centre for Excellence in Financial Inclusion (CEFI) and the Madang Provincial Government, with support from the Bank of Papua New Guinea, the Securities Commission of Papua New Guinea and participating financial institutions including Bank South Pacific, TISA Bank, Kina Bank, Women’s Micro Bank, MiBank, NASFUND, NCSL, Nambawan Super, Nambawan Savings and Loan Society, and National Development Bank.

CEFI Executive Director Peter Samuel thanked stakeholders and participating institutions for their continued support in educating school-aged children about savings and financial responsibility.

“The purpose of the Young Mind Savings Campaign is to raise awareness and educate school students about the importance of opening and owning a bank account, as well as building a culture of saving for their future,” Mr Samuel said.

He said the continued collaboration between CEFI, financial institutions and stakeholders was helping empower students with financial knowledge while encouraging a stronger savings culture for a more secure future.

Madang Provincial Government Executive Director for Commerce, Imason Bekue, said the provincial government was proud to partner with CEFI in delivering an important educational programme aimed at preparing young people for the future.

He said the Young Mind Savings Campaign was part of a Memorandum of Understanding signed between CEFI and the Madang Provincial Government in 2024, making Madang the sixth province in Papua New Guinea to implement the initiative.

Mr Bekue said the programme aligned with the Government’s Medium Term Development Plan IV and the Madang Provincial Integrated Development Plan.

“The theme of this programme reflects the importance of preparing the future generation to participate in the country’s development agenda and make informed decisions for a better future,” he said.

Speaking during the closing programme at Kusbau Primary School, Director of Economic Services Peter Sagerom acknowledged the commitment shown by teachers, students and stakeholders throughout the campaign.

“We are still learning, but we must learn how to save money. It will take time, but surely we will get there for the good of our future generations,” Mr Sagerom said.

He noted that financial education was becoming increasingly important as Papua New Guinea’s education system gradually integrates financial literacy into schools. He also highlighted ongoing challenges, including teacher training, infrastructure limitations in rural schools and the need to adapt lessons to Papua New Guinea’s diverse cultural and economic environment.

Provincial Education Director Alphonse Igag described financial literacy as an essential life skill that had been missing from the education system for many years. He said the campaign would help students develop responsible money management habits from an early age while also benefiting teachers and parents.

“We are working towards establishing financial literacy, which has been missing for the last fifty years. No wonder very few people are able to manage money properly,” Mr Igag said.

Mr Igag thanked CEFI and its partners for bringing the programme to Madang and expressed confidence that the initiative would help build a financially informed generation in the years ahead.

Kusbau Primary School Headmistress Mrs ToWillie welcomed the initiative and commended financial institutions for delivering financial education directly to schools and communities.

“Your presence shows your commitment to educating our young people about financial literacy, savings and responsibility in money management,” she said.

Sagalau Demonstration Primary School Head Teacher Francis Piska described the campaign as an important opportunity for students to learn the value of saving money and develop responsible financial habits from an early age.

“It is a privilege and blessing to have you all here at Sagalau Demonstration Primary School,” Mr Piska said.

The Young Mind Savings Campaign continues to strengthen financial education efforts across Papua New Guinea by encouraging children and young people to develop positive saving habits and financial responsibility for the future.

 

Ends.

 

Image Captions:

Image 1: Sagalau Demonstration Primary School Students, CEFI Staff and Stakeholders pose for a group photo.

Image 2: Sagalau Demonstration Primary  School Students assisted by TISA Bank Officers to open bank accounts.

Image 3: NCSL Staff doing awareness to Sagalau Demonstration Primary School Students on NCSL Products and Servcies.

Image 4: Holy Spirit Primary School Students, CEFI Staff and Stakeholders pose for a group photo.

Image 5: Bank of Papua New Guinea Currency Staff interacting with Holy Spirit Primary School Students.

Image 6: Holy Spirit Primary School Students opening bank accounts at the BSP Booth.

Image 7: Kusbau Primary School Students, CEFI Staff and Stakeholders pose for a group photo.

Image 8: Nambawan Savings and Loans Society Officer Goodness Geyame doing awareness to Kusbau Primary School Students about Nambawan Savings and Loans Society products and services.

Image 9:  Sylvia Lunga from Kina Bank doing awareness to Kusbau Primary School Students about Kina Banks products and services.

 

 

 

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

Twenty TLM Staff Qualify as Financial Literacy Trainers Through CEFI Initiative

Staff of The Leprosy Mission Papua New Guinea have been urged to take a leading role in changing communities following the successful completion of a week-long Training of Trainers programme facilitated by the Centre for Excellence in Financial Inclusion (CEFI).

The training concluded with a mini graduation ceremony on Friday April 24, 2026, where 20 participants, including eight women, received certificates qualifying them as trainers in financial literacy.

Acting Executive Director of CEFI, Mr Peter Samuel, commended the participants for their commitment and dedication, noting the sacrifices made to attend the training.

“We would like to acknowledge each and every one of you for spending your entire week here and making some sacrifices,” Mr Samuel said.

He described the initiative as a milestone partnership for CEFI, highlighting its significance in expanding outreach to vulnerable communities.

“We have never partnered with an institution like this, and this is very special for us,” he said.

Mr Samuel emphasized that financial literacy was not only essential for the communities the participants would serve, but also for their own personal development.

“Financial literacy is not only for your participants, but also for yourselves… you may see areas where you fall short, even in simple things like unnecessary costs,” he said.

He further stressed the critical role the newly trained facilitators would play in restoring dignity and enabling economic participation among marginalized groups.

“You play a critical role in the transformation… bringing people to participate in the economy and feel part of the country,” he said, adding, “You are now an extension of CEFI… the challenge is on you.”

Senior Programme Manager for Preventive Health and Community Empowerment (PHACE), Mr Larson Neayambe, also acknowledged the impact of the training on staff.

“We thought that we are literate in finance, but the training has taught the staff how to be strong in financing and spending,” Mr Neayambe said.

He likened the training to “planting a seed” that would grow and benefit communities, noting that participants are expected to roll out the programme to community health volunteers and leaders across 45 communities.

Mr Neayambe also praised the partnership behind the initiative, stating that it had created an opportunity to strengthen community development efforts.

Training participant Ms Patricia Smange Maroa, speaking on behalf of the female participants, expressed appreciation to lead facilitator Paul Tamate and the organising team for their support throughout the programme.

She said the participatory approach had empowered trainees to become “better trainers, leaders and agents of change”, adding that the knowledge gained would be shared widely to promote sustainable livelihoods.

Mr Peiwa Kila, representing the male participants, described the training as a positive  experience.

He said participants had entered the programme with limited practical knowledge but would leave “more matured” and better equipped to support their families and communities.

Mr Kila emphasised the importance of applying the skills gained, noting that practical implementation would be key to improving financial management at the grassroots level.

The ceremony concluded with the presentation of certificates, marking the beginning of a broader effort to expand financial literacy across communities in Papua New Guinea.

Ends.

Image: TLM staff and CEFI Acting Executive Director Mr. Peter Samuel (seated, second from left) pose for a group photo after a mini graduation ceremony.

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

Centre for Excellence in Financial Inclusion Reports Strong Growth and Impact in 2024 Annual Report

The Centre for Excellence in Financial Inclusion (CEFI) has announced significant achievements in its 2024 Annual Report, themed “A Year of Progress, A Future of Promise,” highlighting a year of growth, strengthened partnerships, and expanded impact across Papua New Guinea.

Acting Executive Director, Mr. Peter Samuel, described 2024 as a transformative year driven by collaboration, innovation, and a shared commitment to advancing financial inclusion.

“The year 2024 has been one of remarkable growth, renewed partnerships, and tangible impact across Papua New Guinea’s financial inclusion landscape,” Mr. Samuel said.

A key milestone was the successful hosting of the inaugural Financial Inclusion Policy Forum and Excellence Awards in November, which brought together leaders from government, private sector, and development partners including abroad. The event recognised excellence across seven categories and reinforced CEFI’s role as a catalyst for inclusive financial growth in the country.

Partnerships remained central to progress, with nine Memoranda of Understanding signed in 2024. Notable collaborations included engagements with key foundations and provincial governments, enhancing outreach and tailoring financial inclusion initiatives to local communities.

CEFI also reached a historic milestone in education, developing a nationwide Financial Education Curriculum for schools from Preparatory to Grade 12 in partnership with the Department of Education. This initiative produced 53 curriculum resources, strengthening long-term financial literacy.

Another major highlight was the launch of the PNG Green Finance Centre in March, marking a strategic shift towards integrating financial inclusion with environmental sustainability and climate resilience.

“Through inclusive green finance, Papua New Guinea is charting a path where economic empowerment and environmental responsibility go hand in hand,” Mr. Samuel stated.

Financial literacy efforts continued to expand, with 959 individuals who were certified as CEFI trainers in 2024, including most women. Nationally, bank account ownership rose to over 4.3 million, with more than 1.5 million accounts held by women, this demonstrates the demand for financial services and also indicates the tremendous job CEFI is doing with all the licenced commercial banks in its various outreach programs.

Programmes such as the Young Minds Savings Campaign and the Market for Village Farmers Project further extended impact, supporting students, farmers, and rural communities through financial education, improved access to services, and increased participation in agribusiness.

“The progress achieved in 2024 is a testament to what can be accomplished through vision, collaboration, and perseverance,” Mr. Samuel added.

CEFI reaffirmed its commitment to building a financially inclusive, sustainable, and resilient Papua New Guinea, ensuring all citizens have the opportunity to participate in economic growth.

Ends.

 

Visit the CEFI website to download the E- Copy – https://www.thecefi.org/wp-content/uploads/2026/04/FINAL-WEBSITE-APPROVED-CEFI-Annual-Report.21.04.26.pdf

 

Image Captions:

 

Image 1: A key milestone was the successful hosting of the inaugural Financial Inclusion Policy Forum and Excellence Awards in November, uniting leaders from government, private sector, and development partners.

Image 2: Partnerships remained central, with nine Memoranda of Understanding signed in 2024, strengthening collaboration with foundations and provincial governments to expand outreach and tailor financial inclusion initiatives locally.

Image 3: CEFI achieved a historic milestone by developing a nationwide Financial Education Curriculum for Preparatory to Grade 12, producing 53 resources to strengthen long-term financial literacy.

Image 4: Another highlight was the March launch of the PNG Green Finance Centre, signalling a strategic shift towards integrating financial inclusion with environmental sustainability and climate resilience.

Image 5: Programmes such as the Young Minds Savings Campaign and Market for Village Farmers Project expanded impact, supporting students, farmers, and rural communities through financial education and improved access.

 

 

 

 

 

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 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 Coordinator–MRA, 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

Join our Mailing list!

Get all latest news, exclusive deals and academy updates.