Financial Crime World

FSF Launches Awareness Campaign and Creative Competitions to Promote Financial Literacy

Introduction

The Financial Services Fund (FSF) has launched a comprehensive awareness campaign and creative competitions to promote financial literacy among the public in Mauritius. The initiative aims to educate individuals on personal finance, encourage innovation and creativity, and provide a platform for young talents to showcase their skills.

Awareness Campaign

As part of the initiative, the FSF has published FAQs on its website and established a dedicated phone line (404 5646) to assist industry stakeholders and the general public with any queries or reporting. The organization has also conducted a sensitization campaign, which included:

  • Video clips broadcasted on MBC TV
  • Radio clips aired on local channels
  • Production of brochures, posters, and infographics
  • Billboard campaign throughout the island

Creative Competitions

The FSF has organized several creative competitions to encourage innovation and creativity in financial literacy. These competitions include:

Mobile App Gaming Competition (2021)

  • Objective: To encourage participants to show talent, creativity, and innovation in digitizing financial literacy
  • Components:
    • Expense tracking
    • Savings assistance
    • Business assistance
    • Investment simulation
    • Other financial literacy processes
  • 15 teams participated in the competition

Young Talent Competition (YTC)

  • Objective: To promote financial literacy, practice financial planning, facilitate the selection of suitable investment projects, help choose a field of professional education, and understand risk-return matrix
  • Categories:
    • Art Competition
    • Quiz Competition
    • Debate
  • 1062 students participated in YTC 2021-2022, with prizes awarded for each category

Conclusion

The FSF’s initiative aims to promote financial literacy among the public, encourage innovation and creativity, and provide a platform for young talents to showcase their skills. The organization continues to launch creative competitions and awareness campaigns to achieve its goals and promote a financially literate society in Mauritius.