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Since the kickoff of the project (strengthening financial education in Zambia) of Southern Africa in 2012, the Micro Business Game simulation has been one of the simulation games carried out by the savings banks foundation. The simulation game was introduced to Zambia in 2013 and has since reached out to Small Medium sized entrepreneurs through our various implementing partner organizations such as the ZCSMBA, Zambia Federation of Association of Women in Business (ZFAWIB) and Youth Alive Zambia (YAZ). The Micro Business Simulation has been and still being conducted in all provinces of Zambia and yet to be extended to Malawi, Zimbabwe and Namibia of the Southern region of Africa.
The MBG has also been used to reach out to marketeers specifically through the Zambia Federation of Association of Women in Business (ZFAWIB). Currently we have reached out to 10,192 small scale entrepreneurs with 449 training since the kick off of the project in 2012. Additionally, 666 women in business (Marketeers) have also been reached through the micro business game in Zambia.
The first Training of Trainers (TOT) for MBG was conducted in October 2022. Ever since the launch of the Southern Africa project (Promotion of Small-scale Entrepreneurship in Southern Africa) in 2021, the savings banks foundation has been conducting various simulation games, including the Micro Business Game. This particular simulation game was introduced to Malawi in 2022 and has been successfully reaching out to Small and Medium-sized entrepreneurs in collaboration with our primary project partner, LUANAR. However, it's important to note that as the Micro Business Simulation was recently introduced in Malawi, it has thus far only been conducted in Lilongwe, the capital city of Malawi.
In March 2023, a second TOT took place, which saw Reserve Bank of Malawi Trainers being trained as Financial Literacy Educators. Since the introduction of the business game in October 2022, we have provided training to a total of 89 small-scale entrepreneurs through four sessions. Among these entrepreneurs, 44 of them, who were reached through the micro business game in Malawi, are female.
Please find further information about the Micro Business Game here