Category: News Article

Coinciding with International MSME Day, the inaugural Business Link Pacific (BLP) Advisory Panel Meeting was held on Monday 30th June, bringing together key stakeholders, financial institutions, development partners, and SME owners to recognize BLP’s role in advancing small and medium-sized enterprises in Papua New Guinea.

Speakers at the meeting highlighted the important role of micro, small, and medium-sized enterprises (MSMEs) in Papua New Guinea’s economic growth and the contribution of the New Zealand-funded programme, BLP, in supporting MSME development.

His Excellency Peter Zwart, New Zealand High Commissioner to Papua New Guinea, delivered opening remarks describing the SME sector as a cornerstone for inclusive and broad based economic development. He emphasized that while large-scale resource extraction and public sector activities were important, it was SME that offered greatest potential to grow employment and opportunity for the majority of Papua New Guineans.

“SMEs are essential for achieving national economic goals, connecting rural communities to markets and providing viable livelihoods for women, youth and those traditionally excluded from formal employment.”

He commended BLP’s integrated approach to business advisory and financial services, encouraged continued ambition and adaptability.

Acting Executive Director of the Centre for Excellence in Financial Inclusion (CEFI), Mr. Peter Samuel, delivered the closing remarks, highlighting BLP as a uniquely practical and operational model that bridges a major gap in the government’s support mechanisms for SMEs. He acknowledged that although CEFI’s traditional focus is not SME development, the success stories shared during the meeting offered a compelling case to expand their mandate.

“The journey of Richard, who turned a roadside hobby into a top-tier restaurant, demonstrates the kind of passion, perseverance, and structural support our SMEs need,” he said. Mr Samuel stressed the need for future sessions to include both success stories and those still struggling, stating that learning from both triumph and hardship would better inform policy and practice. He also encouraged financial institutions to reflect more deeply on their relationship with SME clients and their unique challenges.

The meeting also featured a testimony sharing session, where four local SME owners shared how BLP had positively impacted their businesses.

Mrs. Kopi Like-Grammon, owner of KLG & Co. Business Consultants, shared her journey as a Business Advisor since 2019. “Through BLP, I’ve supported many businesses to formalize helping them register, set up bookkeeping systems, and transition to cloud accounting,” she explained. “We’ve worked closely with institutions like CEFI and banks to ensure our clients are compliant and loan-ready. Patience and compliance are key for long-term success.”

Mr Richard Mark, founder of Abus Na Kumu, shared how a BLP grant transformed his food venture. “With close to half a million kina in BLP grant funding (used as loan equity), we went from selling food by the roadside to building one of PNG’s leading catering businesses,” he said. “BLP trusted and believed in us. Their support connected us with financial and accounting experts, and helped build a resilient and sustainable foundation.”

Mr Billy Gawi, a wood carver and designer, recounted how a K30, 000 loan from Women’s Micro Bank, facilitated through BLP funding, kept his small business afloat. “I now employ 36 young people from Port Moresby in places like Eight Mile and Kuriva. Our carvings are sold at Boroko Market and even government departments,” he said. “More than just business, we train unemployed youth, paying their wages and school fees.”

Ms. Benitta Napitalai, owner of Qweens Collection, described how BLP’s subsidy supported her bilum-making enterprise. “Our business needed an online platform to reach more markets. With BLP’s subsidy, we worked with SNS Technology to build an integrated e-commerce website. Now, we’ve attracted customers from Australia and New Zealand, creating income for women in the Eastern Highlands,” she shared.

Mr. Richard Busby, BLP’s Senior SME Banking Specialist, provided an update on BLP’s progress and future plans. He acknowledged BLP’s strong collaboration with its two key banking partners in Papua New Guinea, their instrumental role in delivering concessional and wholesale capital loan programmes to SMEs.

“We’ve seen the successful rollout of several SME loans and the upcoming launch of two new energy finance products,” he said. “These initiatives, including green and renewable energy financing, reflect BLP’s goal to unlock access to finance.”

Mr Busby also praised the in-country BLP team for their coordination and outreach, particularly in regions such as the Autonomous Region of Bougainville.

From the banking sector, Mr Wong Khar Fye, General Manager for SME & Specialized Lending at Kina Bank, outlined Kina’s partnership with BLP, which began in 2021. “As a bank that started small, we understand the struggles of SMEs. Our partnership with BLP allowed us to refer clients to BLP advisors when they weren’t ready for a loan, giving them a chance to come back stronger,” he said.

Mr Fye announced that Kina Bank had supported nearly 30 SMEs with K3 million in lending and unveiled two upcoming products SME Green and SME Every Business Loan which will align with BLP’s concessional lending framework.

Also addressing the gathering was Mr. Prabhash Ranjan from Women’s Micro Bank, who highlighted the bank’s focus on women entrepreneurs, who make up 80% of their 130,000-strong customer base. “Our partnership with BLP enables us to do more than offer loans. We support clients with business advisory services, capacity building, and financial literacy,” he stated. “From catering to tourism, retail to renewable energy, the collaboration has helped businesses across PNG. We encourage SMEs to continue innovating and engaging with us.”

The meeting also featured presentations by Smitha Shanberg, BLP’s Business & Stakeholder Manager, and Gabriel Iso, Lae-based BLP Business Services Manager, who provided updates on ongoing regional outreach and capacity-building efforts across the regions.

 

Ends.

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

 

Image Captions:

Image 1:
His Excellency Peter Zwart, New Zealand High Commissioner to Papua New Guinea, delivering his opening remarks at the BLP Advisory Panel Meeting.

Image 2:
Mr Peter Samuel, Acting Executive Director of the Centre for Excellence in Financial Inclusion (CEFI), delivering the closing remarks.

Image 3:
(From left to right) Ms. Bolalava Vaia, His Excellency Peter Zwart, New Zealand High Commissioner, and Mr Peter Samuel, Acting Executive Director of CEFI, cutting the cake to commemorate MSME Day.

Image 4:
Mr Peter Samuel (seated second from left), Acting Executive Director of CEFI, and His Excellency Peter Zwart (seated fourth from left), New Zealand High Commissioner to Papua New Guinea, pictured with key stakeholders, financial institutions, development partners, SME owners, and officers from BLP and CEFI during the meeting.

Image 5:
Mr Gabriel Iso, Lae-based BLP Business Services Manager, providing updates on ongoing regional outreach and capacity-building efforts.

Image 6:
Mr Gabriel Iso, Lae-based BLP Business Services Manager, presenting on regional outreach and capacity-building initiatives.

Image 7:
Mr Wong Khar Fye, General Manager for SME & Specialised Lending at Kina Bank, outlining Kina’s partnership with BLP.

Image 8:
Mr Wong Khar Fye, General Manager for SME & Specialised Lending at Kina Bank, highlighting the bank’s ongoing collaboration with BLP.

Image 9:
Mr Prabhash Ranjan from Women’s Micro Bank highlighting the bank’s commitment to women entrepreneurs, who comprise 80% of its 130,000-strong customer base.

Image 10:
Mr Prabhash Ranjan from Women’s Micro Bank discussing the bank’s focus on supporting women-led enterprises.

Image 11:
Mrs Kopi Like-Grammon, owner of KLG & Co. Business Consultants, sharing her journey as a Business Advisor since 2019.

Image 12:
Mr Richard Mark, founder of Abus Na Kumu, explaining how a BLP grant transformed his catering and food delivery business.

Image 13:
Mr Billy Gawi, a wood carver and designer, recounting how a K30,000 loan from Women’s Micro Bank—facilitated through BLP funding—helped sustain his small business.

Image 14:
Ms Benitta Napitalai, owner of Qweens Collection, sharing how BLP’s subsidy supported her bilum-making enterprise.

Image 15:
Mr Peter Samuel, Acting Executive Director of CEFI, meeting Mrs Lucy Wabi, Founder and Managing Director of Mama’s Hardware.

Image 16:
Attendees engaged during the BLP Advisory Panel Meeting.

Image 17:
Participants of the BLP Advisory Panel Meeting in discussion.

Image 18:
A cross-section of stakeholders attending the BLP Advisory Panel Meeting.

Image 19:
Key participants interacting during the BLP Advisory Panel Meeting.

Image 20:
Group discussion underway during the BLP Advisory Panel Meeting.

The Centre for Excellence in Financial Inclusion (CEFI) participated at the Women’s Economic Empowerment Expo held from 23 to 25 June in Lae, Morobe Province, demonstrating its continued commitment to empowering women through financial inclusion.

Invited as a silver-level sponsor, CEFI joined nearly 100 small and medium enterprises (SMEs) and several prominent partners including the Credit Guarantee Corporation (CGC), Small and Medium Enterprises Corporation (SMEC), Investment Promotion Authority (IPA), and Internal Revenue Commission (IRC), in supporting the Women SME Expo.

Organized by SMEC and Lae SME Incubator Hub managed by Tok Stret Consulting Limited, the expo aimed to promote economic opportunities for women in Morobe Province.

CEFI also took part in a panel discussion alongside other key stakeholders, contributing insights on financial inclusion, and business support programs to women-led businesses.

As part of its engagement, CEFI conducted informal stall-to-stall interviews with women entrepreneurs, many of whom operate in the informal economy and found out that women participants prioritized day-to-day business operations and income generation, many were unaware of available training programmes or did not perceive immediate benefits from them.

According to CEFI’s GESI Cordinator, Daisy Moses, who conducted the interviews, this insight pointed to a significant awareness gap and widespread misunderstanding and fear surrounding business compliance particularly in relation to registration with IPA and IRC were evident. Many women expressed concern that formalizing their businesses would result in tax obligations, deterring them from engaging with these systems.

The expo also highlighted the need for more targeted information sessions. However, CEFI has now renewed its focus on delivering more awareness initiatives to better inform women about business support programs, financial literacy, and the benefits of formalization and compliance.

CEFI’s participation in the Women’s Economic Empowerment Expo not only underlines its leadership in advancing financial inclusion for women but also opened up important conversations around bridging knowledge gaps, reducing fears around formalization (sme business), and expanding access to financial support services throughout Papua New Guinea.

Images:

The Centre for Excellence in Financial Inclusion (CEFI) hosted a heartfelt farewell lunch on Thursday, 29th May 2025,  for Mr. Busa Jeremiah Wenogo, Manager for Special Projects.

In his farewell speech Mr. Wenogo thanked his colleges for their support in performing  their duties and building strong working relationship him during his time with CEFI. He paid special tribute to two of his former colleagues, in former CEFI Executive Director Mr. Saliya Ranasingh and former CEFI Consultant Mr. Augustine Birie, who were instrumental in bringing him into CEFI, and acknowledged many others who supported his journey, including colleagues from the Market for Village Farmers project and financial inclusion pioneers.

Having worked in the financial inclusion space since 2013, Busa recounted his contributions to­ key initiatives such as the Informal Economic Policy, the Financial Inclusion Capability and Competency Study, and the drafting of Papua New Guinea’s first National Financial Inclusion Strategy. He reflected on international exposure visits, including one to Fiji with then Bank of PNG Governor Mr. Loi Bakani, which inspired the blueprint for microfinance expositions.

He described his time at CEFI as deeply meaningful, having been mentored by what he called two “giants”, Mr. Birie and Mr. Ranasinghe. He praised CEFI’s Acting Executive Director Mr. Peter Samuel for his administrative leadership and said his colleagues had become “brothers and sisters, not just co-workers.”

Looking ahead, he said his new job with another organization was not an end but “a continuation” of his journey with CEFI, and he hoped to foster future collaboration. “I am lost for words,” he said. “I pray that God will bless each and every one of you in your endeavors.”

In response, Mr. Samuel expressed his sincere appreciation for Mr. Wenogo’s dedication to CEFI and the country as a whole in the financial inclusion journey, impacting people’s lives, was immeasurable.

He highlighted Mr. Wenogo’s leadership in building structure within his unit, playing an important role in overseeing training of farmers in the MVF project as well as individuals and his personal growth, including attaining a Master’s degree.

Mr Samuel encouraged him to continue advocate for CEFI. He also praised Mr. Wenogo’s humility, faith, and integrity.

Ms. Winnie Kari, a casual staff member who served for four months was farewelled as well and in closing, Mr Samuel also thanked Ms. Winnie Kari for her positivity and fresh perspective, wishing both departing colleagues success and encouraging them to remain connected with the CEFI family.

Caption: Images showing CEFI’s Acting Executive Director Mr. Peter Samuel and staff farewelling Mr. Busa Jeremiah Wenogo as well as Ms. Winnie Kari.

A mini graduation held at the University of Papua New Guinea (UPNG) on Friday, 6th June 2025, marked the conclusion of a five-day Financial Literacy Training of Trainers (ToT) and Retail Training, sponsored by the Department for Community Development and Religion (DFCDR) and facilitated by the Centre for Excellence in Financial Inclusion (CEFI). The programme, conducted from 2^nd to 6^th June, aimed to equip participants with critical financial knowledge and practical training skills to promote financial inclusion across the country.

Number of graduates from the Financial Literacy Training of Trainers was a total of 27 participants 11 females and 16 males all officers from the UPNG student services division and Department of Community Development and Religion. As for the retail training conducted by the Department of Community Development & Religion which comprised of a team of four trainers all officers from the Department who trained over 147 students from the University itself. The group of students comprised of student leaders from association groups, the SRC and other groups who reside on campus. Topics covered in both the ToT and Retail Training include making savings plan, creating a simple budget, cash flow tracking sheets and basic money management skills. As for the ToT participants they also learnt basic training techniques such as facilitating group learning, assessing group learning and providing supportive resource materials to complement their learning sessions.

Delivering the opening remarks at the graduation ceremony, Mr Robinson Lanza, Deputy Director for Research and Community at UPNG, acknowledged the joint effort between the university, DFCDR, and CEFI in delivering the training. He praised the contribution of financial institutions including MiBank, Mama Bank, BSP and the Investment Promotion Authority (IPA), and commended the trainees for their dedication.

“Financial literacy is foundational for both personal development and national progress,” Mr Lanza stated. “By empowering individuals, particularly youth, with financial knowledge, we are building a more responsible and sustainable future.”

Ms Jill Pijui, Manager for Financial Inclusion and Capacity Development at CEFI, reiterated the importance of such partnerships in advancing financial inclusion. She noted that CEFI’s mission is guided by policies from the Department of Treasury and the Department of National Planning and Monitoring, and aims to transition over two million unbanked citizens into the formal financial sector.

“Your impact starts at home,” Ms Pijui told the graduates. “Apply what you’ve learnt in your lives before you train others. The certificate only becomes meaningful when the knowledge is put into action.” She highlighted the importance of both theoretical learning such as budgeting and saving and the practical ability to train and support others in financial matters.

Mr Guninandhi Das, CEO of Women’s Microbank emphasized the role of mindset in fostering sound financial habits.

“Financial literacy starts with the mindset of savings,” Mr Das said. “It is not just about putting money away it’s about making everyday decisions that prioritize value over waste.” He encouraged graduates to form habits that promote savings and to eventually embed it as part of their culture. Mr Das further advised trainees to maintain active bank accounts and mobile numbers, underscoring their importance in accessing future financial services and building credibility.

Delivering the official closing remarks on behalf of Secretary Jerry Ubase, Mr George Kulisi, Director of Programmes at DFCDR, acknowledged the cultural norm in Papua New Guinea of giving over saving and called for a shift in mindset that supports financial responsibility.

He commended the training’s alignment with the Medium-Term Development Strategy (MTDS), specifically Priority Area 11, which promotes community empowerment, financial inclusion, and youth leadership. “The Department remains committed to building meaningful partnerships with institutions like UPNG,” Mr Kulisi stated. “We encourage graduates to apply this knowledge and lead the way in building a more financially responsible Papua New Guinea.”

Participants also took the stage to share their reflections. Mr Vencislos Edmund, speaking on behalf of the male trainees, thanked all stakeholders and expressed his determination to pass on what he had learnt.

Ms Otolose Sheekiot, representing the female trainees, emphasized the relevance of financial literacy amid current economic challenges. “This training has equipped us with life-changing skills,” she said. “As a school board member, I intend to bring this knowledge into schools and communities.”

Mr. Kuagilo Gilson, speaking on behalf of the trainees, expressed gratitude to DFCDR, CEFI, and UPNG. He highlighted the importance of financial literacy, especially tracking income, expenses, and cash flow. He encouraged investment over saving, sharing insights on financial planning and practical application of knowledge gained during the training.

 

Ends.

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

Image Captions:

Image 1: A photo collage showcasing classroom training sessions, activities from the Financial Literacy Training of Trainers (FL ToT) and Retail Training, and account opening with MiBank, Women’s Micro Bank, and BSP.

Image 2: Ms Jill Pijui, Manager for Financial Inclusion and Capacity Development at CEFI, delivering a speech at the graduation ceremony.

Image 3: Mr Guninandhi Das, CEO of Women’s Micro Bank, addressing attendees at the graduation.

Image 4: Mr Vencislos Edmund speaking on behalf of the male trainees.

Image 5: Ms Otolose Sheekiot speaking on behalf of the female trainees.

Image 6: Financial Literacy ToT and Retail Trainees gathered at the graduation ceremony.

Image 7: Mr Kuagilo Gilson delivering remarks on behalf of the Retail Trainees.

Image 8: Mr Paul Tamate, Training Officer at CEFI, speaking at the graduation.

Image 9: Mr Guninandhi Das, CEO of Women’s Micro Bank, presenting a Financial Literacy ToT Certificate to Nadia Rupen.

Image 10: Mr Guninandhi Das presenting a Financial Literacy ToT Certificate to Vallen Naemon.

Image 11: Mr Guninandhi Das presenting a Financial Literacy ToT Certificate to Cecila Wrondimi.

Image 12: Mr George Kulisi, Director of Programmes at DFCDR, presenting a Financial Literacy ToT Certificate to Uraineh Warus.

Image 13: Mr George Kulisi presenting a Financial Literacy ToT Certificate to Jacinta Wanto.

Image 14: Mr George Kulisi presenting a Financial Literacy ToT Certificate to Robinson Lanza.

Image 15: Ms Jill Pijui presenting a Financial Literacy ToT Certificate to Jayson Kil.

Image 16: Ms Jill Pijui presenting a Financial Literacy ToT Certificate to Nigel Bana.

Image 17: Ms Jill Pijui presenting a Financial Literacy ToT Certificate to Josephine Serah Koimbu.

Image 18: Mr George Kulisi presenting a Financial Literacy Retail Certificate to Ambuaou Wena.

Image 19: Mr George Kulisi presenting a Financial Literacy Retail Certificate to Andrew Komena.

Image 20: Mr Guninandhi Das presenting a Financial Literacy Retail Certificate to Deborah Lailan.

Image 21: Mr Guninandhi Das presenting a Financial Literacy Retail Certificate to Dicky Moten.

Image 22: Ms Jill Pijui presenting a Financial Literacy Retail Certificate to Kaupa Poiye.

Image 23: Ms Jill Pijui presenting a Financial Literacy Retail Certificate to Naomi Tikana.

Image 24: Mr George Kulisi delivering the closing remarks at the graduation ceremony.

Image 25: Guest speakers and trainees posing for a group photograph.

Image 26: (From left to right) Mr Guninandhi Das, CEO of Women’s Micro Bank; Ms Jill Pijui, Manager for Financial Inclusion and Capacity Development at CEFI; and Mr George Kulisi, Director of Programmes at DFCDR, cutting the graduation cake.

 

 

 

 

A team from the Centre for Excellence in Financial Inclusion (CEFI), led by Acting Executive Director Mr. Peter Samuel, visited the Niu Ailan Savings and Loan Society (NAS&LS) during the week of April 2nd.

The purpose of the visit was to present the Annual Benchmark Report and Factsheet Report 2023 to NAS&LS team.

CEFI analyses and reports the quarterly financial inclusion and financial performance data received from institutions to the Bank of Papua New Guinea (BPNG) and the wider public, and through such engagements partnerships are strengthened with institutions submitting data.

CEFI’s engagement with NAS&LS emphasized the importance of accurate and timely data in producing reports. Through on site presentations, the team demonstrated how informed decisions in the financial inclusion space rely on accurate data. The discussions and presentation agenda set during the visit with NAS&LS will serve as a model for similar engagements with other institutions throughout the year.

Aligned with Papua New Guinea’s national target of opening two million new bank accounts by 2027—half intended for women—the visit reinforced efforts to advance financial inclusion across the country.

During the session, CEFI’s Senior Data Analyst, Mr. Ruruva Ane, presented the Annual Benchmark and Factsheet Report 2023, providing a comparative analysis of the society’s performance against other financial institutions.

NFIS Implementation Coordinator Mr. Albert Mokis Ahabh introduced the Financial Inclusion Mapping Tool template, guiding society staff on identifying financial access points to support policy development and expansion plans.

CEFI Acting Executive Director Mr. Samuel commended NAS&LS for their timely reporting, stressing the importance of data in identifying growth opportunities.

NAS&LS CEO Mr. John Maradangoi expressed gratitude for CEFI’s support and shared plans to extend the society’s services across New Ireland Province.

The CEFI team also met with a representative from the Economic Sector of the New Ireland Provincial Administration to explore potential partnerships aimed at boosting financial inclusion initiatives in the province.

 

Ends.

 

Image Captions:

Image 1.  CEFI Acting Executive Director Mr. Peter Samuel  (left) speaking to the NAS&LS team during their meeting in New Ireland province.

Image 2. CEFI Acting Executive Director Mr. Peter Samuel (left) and Mr. Ruruva Ane, CEFI’s Senior Data Analyst speaking to the NAS&LS team during their meeting in New Ireland province.

 

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

 

The Centre for Excellence in Financial Inclusion (CEFI) on Wednesday, April 2nd visited IBS University (IBSU), located outside Port Moresby, to deliver a transformative Student Entrepreneurship Program. Representatives from financial institutions, including the Bank of Papua New Guinea, Nasfund, Bank South Pacific, and MiBank, joined the initiative.

In his welcoming address, IBSU Vice Chancellor Professor Ramachandran expressed gratitude for the collaboration between CEFI and IBSU, made possible through a Memorandum of Understanding (MoU). He highlighted the importance of this partnership in enabling programs such as the Student Entrepreneurship Program and thanked the participating financial institutions for their valuable contributions.

CEFI’s Manager for Financial Inclusion and Capacity Development, Ms. Jill Pijui, highlighted the MoU’s role in fostering financial literacy and entrepreneurial support at IBSU. She emphasized that CEFI would actively assist the university’s innovation hubs related to entrepreneurship, leveraging their expertise to empower students in informal, MSME, and SME sectors. Ms. Pijui also stressed the importance of personal money management, urging students to cultivate a savings habit early to secure their financial futures.

CEFI Officer Mr. Sebastian Mugup shared insights into the broader landscape of financial inclusion in Papua New Guinea. He detailed CEFI’s efforts to create partnerships with financial institutions and civil societies, promote gender equality in financial literacy, and enhance access to financial services. Mr. Mugup revealed that CEFI has trained over 200,000 Papua New Guineans since 2013, with over 50% of participants being women.

Adding depth to the program were insightful presentations from various financial institutions:

• Everlyn Mara, from the Financial Markets Division of the Bank of Papua New Guinea, shared valuable insights on investment opportunities with the Central Bank.
• Melisha Sindiwan, representing Nasfund, offered guidance on superfunds and the associated benefits of Nasfund membership.
• Jackson, from MiBank Nationwide, provided detailed information on MiBank’s range of banking products and services, including SME loans, vehicle loans, and savings accounts, among others.

The participation of these institutions added significant value to the one-day program, equipping students with practical knowledge and real-world opportunities to improve their financial well-being and entrepreneurial aspirations.

In addition to the presentations, information booths were set up outside the venue by both CEFI and MiBank, where students accessed brochures, asked questions, and engaged directly with representatives to learn more about available financial services and products.

The success of the event would not have been possible without the commitment and behind-the-scenes coordination of Mr. Sagara Wijeratne, who played a key role in ensuring a smooth and impactful program for both students and staff of IBSU and its TVET division.

This collaboration between CEFI, IBSU, and other financial institutions reflects a significant step towards equipping young minds with the tools and knowledge to build financially secure and entrepreneurial futures.

Image Caption: CEFI visited IBS University to deliver awareness sessions on Financial Inclusion and Financial Literacy Training to students as part of the IBSU Student Entrepreneurship Program. Representatives from Bank of Papua New Guinea, Nasfund, Bank South Pacific, and MiBank also were invited to participate in the program and share information on their respective organizations products and services. There was also mini information booth on display where the students had opportunity to know more about CEFI and the other financial institutions.

The Centre for Excellence in Financial Inclusion (CEFI) proudly participated in the Youth Resource Week (YRW) 2025, a dynamic five-day event held from March 24th to 28th at the Sir John Guise Stadium in Port Moresby. This impactful event, organized collaboratively by government agencies, partners, and stakeholders, brought together over 15,000 registered youths who were given access passes to engage with life-changing opportunities in education, employment, financial services, and skills training.

CEFI’s participation was made possible through an invitation extended by Mr. John Pora, a key organizer of the event. Recognizing the significance of financial literacy in youth empowerment, CEFI took the initiative to invite and host 10 other organizations within the financial inclusion space, ensuring a comprehensive representation of financial institutions and services. The participating organizations included:

1. Credit Guarantee Corporation
2. Credit Data Bureau
3. Bank of Papua New Guinea
4. TISA Bank
5. Regina Sagu Foundation
6. Nasfund
7. Mama Bank (Women’s Microbank)
8. Mibank
9. National Development Bank
10. Bank South Pacific

Led by Financial Inclusion and Capacity Development Manager Ms. Jill Pijui and Training Officer Mr. Paul Tamate, the CEFI team made a significant impact throughout the event. The team engaged directly with over 1,000 youths and interested individuals at the CEFI booth, conducting financial literacy training and awareness sessions. Through interactive discussions and informative sessions, visitors gained valuable insights into CEFI’s financial inclusion initiatives and the importance of managing their finances effectively.

To further support youth empowerment, CEFI distributed educational materials, including Financial Literacy Booklets, brochures, merchandise, and other resources. These efforts underscored CEFI’s unwavering commitment to equipping Papua New Guinea’s youth with the knowledge and skills necessary to make informed financial decisions for a secure and prosperous future.

The Youth Resource Week, spearheaded by the Youth Resource Agency and supported by the National Youth Development Authority, is a transformative initiative aimed at mobilizing the nation’s young people as a positive force for development. Inspired by Prime Minister James Marape’s vision for youth engagement, this event serves as a critical platform for connecting young individuals to opportunities that align with their aspirations and potential.

CEFI extends its heartfelt appreciation to the organizing committee, including Mr. John Pora, Youth Resource Week Key Partnerships Director; Mr. Israel Luluaki, Youth Resource Week Stakeholder Sales; Ms. Nadya Parascoe, Youth Resource Week Booth Support Management; Ms. Tae Vala, Youth Resource Week Project Lead; and the entire organizing team and sponsors. Their dedication and vision have ensured the success of this strategic event.

Looking ahead, CEFI eagerly anticipates the next Youth Resource Week, which is set to be held regionally, expanding its reach and impact on youth financial empowerment across Papua New Guinea.

Image Caption: Photo highlights of CEFI staff actively engaged with youths during Youth Resource Week at Sir John Guise Stadium, held from March 24-28. Visitors to the booth discovered the importance of financial literacy and learned about CEFI’s initiatives in driving financial inclusion.

The Centre for Excellence in Financial Inclusion (CEFI) proudly received two certificates of appreciation from the Bank of Papua New Guinea (BPNG) at the Green Finance Summit, held from March 24–26 at the Hilton Hotel in Port Moresby. The certificates recognize CEFI’s contributions to advancing green finance initiatives in Papua New Guinea.

CEFI was honored with:

• An Appreciation Certificate
  
• An Individual Certificate of Appreciation – ‘Green Finance Champion’, presented to CEFI’s Acting Executive Director, Mr. Peter Samuel.

Mr. Samuel was joined by several other distinguished Green Finance Champions:

• James Ellerman (ANZ)
• Methuselah Eka Warbiria (BSP)
• Prabhash Ranjan (Women’s Micro Bank)
• Wong Khar Fye (Kina Bank)
• Pelina A Daniels (MiBank)
• George Awap (BPNG)
• Debra Sungi (Climate Change Development Authority)
• Roddie Wada (Department of Treasury).

Certificates of appreciation were also presented to the following organizations for their support towards the Green Finance Summit, Global Green Growth Institute (GGGI), World Bank International Finance Corporation (IFC), United National  Development Programme (UNDP), International Monetary Fund (IMF), Alliance for Financial Inclusion (AFI),  Climate Change Development Authority (CCDA), Australia Government Department of Foreign Affairs and Trade, Agence Francaise de Development 9AFD), United Nations Capital Development Fund (UNCDEP), Asian Development Bank (ADB) and New Zealand Ministry of Foreign Affairs and Trade (MFAT) and Hilton Hotel.

During the gala dinner and awards presentation, Papua New Guinea’s Prime Minister, Hon. James Marape, celebrated the progress of green finance, highlighting the collaborative efforts of organizations and individuals in making sustainable finance more accessible. The Prime Minister stated, “Two years ago, we embarked on this journey, and it’s certainly pleasing to note the maturity of what was started two years ago. I just want to step back and commend the Central Bank for their good leadership in this space.”

The Bank of Papua New Guinea, the Head of Green Finance Centre Mr. Mohinesh Prasad, and the Global Green Growth Institute were acknowledged and congratulated for successfully hosting the inaugural Green Finance Summit 2025, marking a significant step toward sustainable financial initiatives.

Image captions:

Image 1: CEFI Acting Executive Director Mr. Peter Samuel receiving his Certificate  of Appreciation – ‘Green Finance Champion’  from Papua New Guinea Prime Minister Hon. James Marape, at the Green Finance Summit Gala Dinner.

Image 2: CEFI Acting Executive Director Mr. Peter Samuel proudly showing his Certificate  of Appreciation – ‘Green Finance Champion’  at the Green Finance Summit photo booth.

Image 3: CEFI Acting Executive Director Mr. Peter Samuel (4th from right with his staff showing the certificates presented to CEFI in recognition of its contributions to advancing green finance initiatives in Papua New Guinea.

 

Port Moresby, Papua New Guinea – The Centre for Excellence in Financial Inclusion (CEFI), in collaboration with the Young Port Moresby Chamber of Commerce and Industry (YPOMCCI), successfully facilitated a two-day Financial Literacy Training for young people on February 27-28 at Lamana Hotel, Port Moresby.

The training saw the participation of 21 individuals, including four females, from various working backgrounds. Participants included a mixture of backgrounds from universities, business colleagues, SME businesses and corporate organizations.

Shannie Huambi, a 21-year-old Compliance Officer employed by Kutmor, shared her experience, stating that her financial behavior pattern prior to attending the training needed improvement. “From what I have learned during the training, I’d have to practice managing my finance by saving and budgeting,” said Shannie in an interview with CEFI. Commenting on the benefits of the training, she added, “I now have a better understanding and knowledge regarding budgeting my income.”

Shannie also acknowledged the technical aspects of the training, confidently stating that she is now in a better position to educate her friends, family, and colleagues on what she learned. “I believe that by setting a good example for my family and friends by practicing what I learned on ,savings and budgeting will be beneficial for everyone,” she said.

YPOMCCI President Mr. Charlie Hulijeli expressed gratitude to CEFI for facilitating the training and commended the participants for their attendance and engagement. “I’m sure the training you all went through will benefit your individual lives, whether personally or professionally. And I like that your expectations were met, which is something rare in many trainings,” Mr. Hulijeli told the participants at the mini graduation ceremony.

“This is the first time we’ve organized a training session for YPOMCCI members, and your turnout over the last two days encourages us to host more trainings like this for our members. Thank you all. I believe we will host more trainings like this with CEFI or other financial institutions throughout the year,” he added.

The YPOMCCI has identified the positive impact of the Financial Literacy Program facilitated by CEFI. Recognizing the importance of financial literacy, particularly for young professionals and entrepreneurs, YPOMCCI aims to support initiatives that enhance financial management skills and business acumen.

As a non-profit sub-committee committed to providing a platform for young professionals and entrepreneurs, YPOMCCI acknowledges the need for financial education. The proposed training was designed to equip participants with the necessary tools to effectively budget their finances and develop their business start-ups with confidence.

 

For further information on the work of CEFI please contact CEFI Communications Team: +675 3225300, email: lomaro@thecefi.org  or visit www.thecefi.org

Ends.

Image Captions:

Image 1.   Training participants pose for a group with CEFI Training Officer Mr. Paul Tamatai (5^th from left-backrow) and guests at the end of the mini certificate presentation.

Image 2. Shannie Huambi, proudly showing her certificate after she successfully completed the two day Financial Literacy Training.

Image 3. Group activities were part of the training prerequisites. Seen here is a presentation done by a group.

Image 4: Group discussions were part of the training prerequisites. Seen here participants in volved in group discussions.

Image 5: CEFI Training Officer Paul Tamate during a session.

Image 6: YPOMCCI President Charlie Hulijeli, presenting a female participant her certificate during the mini graduation ceremony.

Image 7: YPOMCCI President Charlie Hulijeli, presenting a male participant her certificate during the mini graduation ceremony.

 

 

The Centre for Excellence in Financial Inclusion (CEFI) was honoured to contribute to the Leaders and Managers Retreat 2025 organized by the Office of the Public Solicitor, the retreat from 20^th to 24^th  January in Lae, Morobe Province.

This initiative aimed to strengthen managerial skills, enhance financial literacy, and build leadership skills among senior management and senior legal officer from various provinces including Morobe, Port Moresby (NCD), Goroka (Eastern Highlands Province), Wewak ( East Sepik Province), Vanimo ( West Sepik Province) , Kokopo ( East New Britain Province), Kimbe ( West New Britain Province)  Mt. Hagen (Western Highlands), and the Autonomous Region of Bougainville.

CEFI played a key role in delivering a comprehensive financial literacy training, covering essential topics such as Savings, Budgeting, Insurance, and Investment. During the closing ceremony, CEFI’s Acting Executive Director, Mr. Peter Samuel, together with Public Solicitor Mr. Leslie Mamu, awarded Certificates of Participation to 44 participants, including eleven women. The training equipped attendees with practical knowledge on managing household finances, making informed financial decisions, and securing their financial future.

In his speech, Mr. Samuel commended the Office of the Public Solicitor under the leadership of Public Solicitor, Mr. Leslie Mamu for spearheading a transformative leadership and management program that seamlessly integrates financial literacy into management and leadership capacity building. He emphasized the crucial role of financial literacy in achieving both personal and organizational goals and reaffirmed CEFI’s dedication to fostering capacity development across Papua New Guinea and beyond and for CEFI to continue to support more of these initiatives.

The retreat also featured distinguished presenters and guest including Dr. Seth Fose on Personal Health and Wellness, Mr. John Cholai on Leadership Effectiveness, Mr. Seremia Waqainabete, Director Fiji Legal Aid Commission on Organizational Structures, and   Mr. George Gray, Solomon Island Public Solicitor on Wantok Legal Network programs.  These sessions further enriched the participants’ understanding of health, leadership, and institutional development.

This collaborative effort highlights the Public Solicitor’s Office’s dedication to professional excellence and capacity building within its staff.  Through strategic partnerships like this, CEFI reinforced the importance of deepening financial inclusion through financial literacy, empowering individuals to achieve both personal and professional success.

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