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As part of the Global Money Week 2017 celebrations, the Central Bank of Kenya invites College and University Students in Kenya to submit works of art of their interpretation of the mandate of the Central Bank of Kenya. The works of art may include paintings, infographics, animated videos, and audio clips. The works of art are aimed at inspiring students to be creative while promoting public awareness of the Central Bank’s mandate.

ELIGIBILITY                                

This national art competition is open to all students currently enrolled in Colleges and Universities. Work will be judged with 1st, 2nd, and 3rd place prizes being awarded. The deadline for submissions is March 28, 2017. Please email your artwork to comms@centralbank.go.ke. The image files should be in JPEG format and not exceed 2MB while  audio clips and videos should be in MP3 and MP4 format respectively. Submissions must include a formal letter from the institution confirming enrolment status. The finalists will be required to send the original artwork.                                                   

PRIZES

1st prize: Kshs. 25,000

2nd Prize: Kshs. 10,000

3rd Prize: Kshs. 5,000

The winners will be announced on Friday April 7, 2017.

ABOUT GLOBAL MONEY WEEK

The Global Money Week (GMW) celebrations will run from March 27, 2017 to April 2, 2017. GMW is an annual global event aimed at increasing financial literacy, financial inclusion and economic responsibility for children and youth. The celebrations entail local and regional events aimed at inspiring children and youth to learn about money, saving, creating livelihoods, gaining employment and becoming an entrepreneur. The theme of this year’s celebration is ‘Learn. Save. Earn.’

THE CENTRAL BANK OF KENYA

The Central Bank of Kenya is a public institution established under Article 231 of the Constitution of Kenya, 2010. The Bank is responsible for formulating monetary policy to achieve and maintain price stability and issuing currency.

Pursuant to the CBK Act, the Central Bank promotes financial stability through regulation, supervision and licensing of financial institutions under its mandate. The Bank also provides oversight of payment, clearing and settlement systems. All these efforts are geared towards fostering liquidity, solvency and proper functioning of the financial system. The Bank also formulates and implements foreign exchange policy and manages foreign exchange reserves. CBK is the banker for, adviser to, and fiscal agent of the Government.

In discharging its mandate, the Central Bank contributes to the country’s economic development and growth, and promotes the interest of the public. The Bank strives to carry out its statutory mandate effectively and efficiently guided by the principles of integrity and transparency. More information can be obtained from the CBK website www.centralbank.go.ke