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“Cameroon celebrates Global Money Week”
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“Cameroon celebrates Global Money Week”

Medjom ColbieGlobal Money Week teaches about finances, writes Medjom Colbie, 22, a Correspondent from Yaounde in Cameroon, as she describes how the program helps youth toward employment and entrepreneurship.

Cameroon joined the rest of the world for the celebration of the 2016 edition of Global Money Week, GMW, worldwide under the theme “Take part. Save Smart”.

The Global Money Week is an awareness celebration initiated and coordinated by Child and Youth Finance International, CYFI since 2012. It aims to teach children and youth about money, saving, creating livelihoods, gaining employment and becoming an entrepreneur through fun and interactive activities. It is organized by schools, universities, government ministries, financial institutions, members of the civil society and youth.

As far as Cameroon is concerned, the event takes place in both the economic and political capitals, which are Douala and Yaounde. The Global Money Week in Cameroon is highly focused on money and entrepreneurship, which constitute the key words of most activities marked on the agenda of organizers.

In Douala, the event started with the NGO Youth Business Cameroon as organizer. According to the agenda of the NGO, the launching ceremony took place at the technical government high school of Koumassi. Various activities were on the menu during that ceremony, such as the open forum on the theme “entrepreneurship, motivation and money” hosted by experts Rollin Foko and Bertrand Tiotsop; interludes presented by students of the club “AFLATOUN” which empowers social and financial education of youth, and a literary competition where students were asked to write a poem on money, saving and entrepreneurship whereby five students were then declared winners.

The celebration set to take place in Douala on day two moved to another school, which is the government bilingual high school of Nylon. There, too, many students have shown interest with many attending the forum hosted by the coordinator of Youth Business Cameroon, Gilles Lewat and colleague Fabrice Tayou. The closing ceremony of the event in Douala on the campus of government high school of Joss was planned with expectation of a thousand of students participating.

The celebration of Global Money Week in Yaounde was organized by the NGO Yes Cameroun over two days. On the first day, a forum on the main theme of the event “Take part. Save Smart” was presented with 200 students invited from 15 schools. On the next day, some elected students visited a variety of financial institutions of the political capital.  The main focus of the visit is to give those young people practical insight into how financial institutions function.

The Global Money Week is an initiative which comes as awareness is growing in Cameroon that most young people do not have a clear idea on what is the real importance of money and saving. Also they are not aware of the link between money and entrepreneurship, since entrepreneurship is a sector neglected by others because most of them want to belong to the public services. For those particular reasons, the Global Money Week in Cameroon appears to be the appropriate means through which children and youth from all communities can be encouraged, motivated and educated on finances and entrepreneurship. This may help them to make responsible choices when it comes to finance matters, and why not the beginning of an emergent country made of youth entrepreneurs?

Moreover, the celebration of Global Money Week in Cameroon may be another way to motivate youth to be hard workers, creative and independent men and women who initiate, create and establish their own businesses; such an action may later be a factor of development of the country.

This joins the statements of the president of the republic, Paul Biya, who gently invited and encouraged youth in his speech of the 11th of February 2016 to get involved in the working land, which constitutes a rich heritage of Cameroon.

Photo credit photo: Youth Business Cameroon

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About me: I am a student of Mass Communication in Yaounde. I am impassioned with journalism and interested in other communication fields. I spend my free time writing, not for my personal interest only, and feel comfortable reporting on newsworthy and feature stories. I also run a personal blog.

My wish is to be a talented reporter in all fields and to achieve what can be summed up in only two words: work hard. To me, the best is still to come.

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Opinions expressed in this article are those of the author and do not necessarily represent the views of the Commonwealth Youth Programme. Articles are published in a spirit of dialogue, respect and understanding. If you disagree, why not submit a response?
To learn more about becoming a Commonwealth Correspondent please visit: http://www.yourcommonwealth.org/submit-articles/commonwealthcorrespondents/
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