The Capital Market Authority (CMA) launched the fourth edition of the Capital Market University Challenge 2017 which will be conducted from 17th May 2017 up to 9th June 2017, open to undergraduate students in universities and other higher learning institutions in Rwanda.
The Challenge will be conducted as part of public education and awareness aimed at inculcating in the youth in universities the culture of saving and investment in general and through capital market in particular. The University Challenge started in 2012 targeting undergraduate students in all universities and other higher learning institutions in Rwanda.
Activities in the competition this year will include two categories namely Quiz to test students’ knowledge on the capital market industry and Essay writing on the theme of “Growing the youth through capital market”. On Wednesday, 17th May 2017, the Capital Market Authority (CMA) officially launched the third edition of the “Capital Market University Challenge” at Adventist University of Central Africa.
This year the challenge will be carried out by the Capital Market Authority (CMA) in collaboration with the Rwanda Stock Exchange (RSE), Economic Policy Research Network (EPRN) and the international Association Students in Economic and Commercial Science (AISSEC).
The Executive Director of Capital Market Authority, Robert Mathu noted that “The Capital Market University Challenge is aimed at introducing the youth to the Capital Market and the culture of saving while they are still in universities. We also aim to interest them to the industry as future professionals.” He added that the event will attract students from various Universities across Rwanda and it will be an occasion for students to showcase their knowledge on the capital market industry through an interactive competition.
Moses Asiimwe who participated in the previous Capital Market University Challenge stressed that “As a proud past winner, I would encourage all students in colleges to invest their efforts in the contest and start saving and investing through the capital market”.
The Capital Market University challenge’s preliminaries will be taking place in provinces of the country as follows; in the Northern Province; College of Agriculture, Animal sciences and Veterinary Medicine (UR CAVM) the preliminary is scheduled on 20th May 2017, in the Southern Province will be hosted by UR CASS on 20th May 2017, Eastern Province to be hosted in UR Nyagatare campus on 24th May 2017 and in the West Province the challenge will be hosted in ULK Gisenyi Campus on 24th May 2017, in the City of Kigali it is scheduled on 26th May 2017 at Adventist University of Central Africa and the last day of the challenge will take Place at Kigali Serena Hotel, in Kigali on 9th June 2017.
The quiz winner will get 10,000 shares of a company listed on the bourse, while the essay category’s top prize is 5,000 shares of a listed company.