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Media Releases

CEFI Launch New Website

The Centre for Excellence in Financial Inclusion launched its new revamped website on Wednesday July 12 marking a very important milestone for the organization’s marketing and communication. The new CEFI website can be found at https://www.thecefi.org/

CEFI Executive Director Mr. Garima Tongia after launching the new CEFI website emphasized on the importance of a website saying it is the main tool of communication, marketing and awareness in organizations.

“A revamped, revitalized and brand website is very important for CEFI because it will educate people who want to know more about CEFI and also do business with us,” Mr. Tongia said.

“At CEFI we realize the importance of having a website that is simple, efficient, user friendly and incorporating key features of style and must remain modern and current,” he added.

“It took us three years to finally complete the project and thank you SNS Tech for your patience with us and for finally delivering our new website.”

Mr. Jacob Segodi from SNS Tech, who gave a brief on the overall project, thanked CEFI for engaging SNS Tech to develop CEFI’s website adding they were happy that the project was a success and will continue to work with CEFI on the website.

The Executive Director highlighted other important cutting edge technology projects also that CEFI is currently undertaking and promoting on its website apart from its other core functions.

Some of these projects include, Business Link Pacific, Ledger Pal Application, Market for Village Farmers project, Inclusive Green Finance Project and the World Bank on Child Nutrition programme.

“These are some of the projects CEFI is involved in that people don’t know about that is why a new improved and reinvigorate website is important to market and communicate these projects,” he said.

“We will continue to update from time to time to reflect the changes that are happening and I’m certain SNS Tech will be happy to work with us,” Mr. Tongia said.

The CEFI website has undergone a number of developments and the current website is built on WordPress platform and page builder application.

Discussions on redeveloping and revamping the CEFI website started in 2021 while diagnostic work started in 2022 around reviewing of website pages by CEFI managers and the Executive Director, which cumulated into the signing of a service agreement between CEFI and website developer SNS Tech in 2023 and start of the project.

The focus of the project was on website revamp, redesigning and search engine optimization.

The CEFI Website team undertook two separate trainings delivered by SNS Tech to administer the front end of the website.

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Blog

CEFI graduates trainees in financial literacy

CEFI for the first time issued student identification numbers to its graduating trainees for the purpose of accessing a financial literacy application that CEFI is developing and planning to launch soon.
Head Trainer Jill Pijui made the announcement during presentation of certificates for 19 participants in a week long EOI (Expression of Interest) Training of Trainers Training.
“We will be doing back tracking of all our trainees whether Retail Training or Training of Trainers for the mass issue of student ID numbers,” Ms. Pijui said.
Ms. Pijui explained that CEFI is in the process of developing a financial literacy application (FL App) where these FL App will act as a reminder tool for the 250,000 trainers trained by CEFI.
“The FL App will remind the trainees to do their savings plan, banking, basic household budget, tracking of income and expenses and cash flow training, all these topics were covered in their respective training,” Ms. Pijui added.
In order to access the FL App, Ms. Pijui explained that all trained trainers will have to have a student ID number in order to access the application.
The 19 participants from the EOI Training of Trainers trainees were also the first batch to receive their student ID at the end of their training.
The EOI Training of Trainers training saw 14 female participants among among 19 trainees to be certified as trainers to train financial literacy in their respective communities.
Both employed and SME training providers attended the training from Monday, May 08th to 11th, which comprised of two women from the Autonomous Region of Bougainville, a participant each from Wewak and Enga while the rest of the trainees were from Port Moresby.
Categories
Blog

The role of CEFI in enabling top tier transparency and Financial inclusion in Papua New Guinea and the South Pacific

The Centre for Excellence in Financial Inclusion (CEFI) can play a significant role in enabling top-tier transparency and financial inclusion in Papua New Guinea (PNG) and the South Pacific. Here are some ways in which CEFI can intervene to achieve this:

  1. Promoting financial literacy: CEFI can promote financial literacy among individuals and communities to help them make informed decisions about their finances. This includes providing educational materials and training sessions on financial concepts and practices, such as budgeting, savings, and investment strategies. By improving financial literacy, CEFI can help individuals and communities understand the importance of transparency and financial inclusion.
  2. Developing financial products and services: CEFI can work with local financial institutions to develop financial products and services that are accessible and affordable for individuals and communities in PNG and the South Pacific. These products and services can be tailored to meet the specific needs of the local population and can help promote financial inclusion by providing access to credit, savings, and insurance.
  3. Encouraging financial institutions to adopt best practices: CEFI can work with financial institutions to encourage them to adopt best practices in terms of transparency and accountability. This includes promoting the use of technology to enhance transparency and reduce the risk of fraud, as well as implementing robust internal control systems to ensure that financial transactions are properly recorded and monitored.
  4. Conducting research: CEFI can conduct research on financial inclusion and transparency in PNG and the South Pacific to identify gaps in knowledge and areas where interventions are most needed. This research can inform the development of policies and strategies to promote financial inclusion and transparency.
  5. Collaborating with stakeholders: CEFI can collaborate with stakeholders, including government agencies, civil society organizations, and the private sector, to promote financial inclusion and transparency in the region. By working together, stakeholders can leverage their expertise and resources to achieve common goals.

Overall, CEFI can play a critical role in promoting financial inclusion and transparency in PNG and the South Pacific. By improving access to financial services, promoting financial literacy, and encouraging best practices among financial institutions, CEFI can help ensure that individuals and communities in the region can participate fully in the economy and achieve their financial goals.

Categories
Blog

CEFI intervention in providing financial literacy for the grass roots in Papua New Guinea

the Centre for Excellence in Financial Inclusion, can play a significant role in providing financial literacy for the grass roots in Papua New Guinea (PNG). Financial literacy is crucial for individuals and communities to make informed decisions about their finances, including managing their income, savings, investments, and debt.

Here are some ways in which CEFI can intervene in providing financial literacy for the grass roots in PNG:

  1. Developing educational materials: CEFI can develop educational materials such as brochures, posters, and videos that explain financial concepts and practices in a simple and accessible manner. These materials can be distributed in schools, community centers, and other public places to reach a wide audience.
  2. Conducting training sessions: CEFI can conduct training sessions for community leaders, teachers, and other influencers who can then pass on their knowledge to the wider community. These sessions can cover topics such as budgeting, savings, and investment strategies, and can be tailored to meet the specific needs of the local community.
  3. Offering financial counseling: CEFI can offer financial counseling services to individuals and families who need help managing their finances. These services can include one-on-one sessions, group counseling, and online resources.
  4. Providing access to financial services: CEFI can work with local financial institutions to provide access to financial services such as savings accounts, loans, and insurance products. By helping individuals and families access these services, CEFI can improve their financial stability and resilience.
  5. Conducting research: CEFI can conduct research on financial literacy and financial inclusion in PNG to identify gaps in knowledge and areas where interventions are most needed. This research can inform the development of educational materials, training programs, and other interventions.

Overall, CEFI can play an important role in improving financial literacy and promoting financial inclusion in Papua New Guinea. By providing individuals and communities with the knowledge and tools they need to manage their finances, CEFI can help promote economic growth and development in the region.

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