As part of its strategy of empowering the youth through financial literacy, Rwanda’s Capital Market Authority (CMA) has launched the Capital Market University Challenge 2019. The inter-university competition primarily seeks to promote capital market knowledge and started on 1st March up to 26th March 2019.
This year’s challenge is carried out by the Capital Market Authority (CMA) in collaboration with the Rwanda Stock Exchange (RSE), the Institute of Certified Public Accountants of Rwanda (iCPAR) and AIESEC in Rwanda.
In the Northern Province, the event was held at University of Rwanda’s College of Agriculture, Animal Science and Veterinary Medicine’s campus whereas in the South, it was held at University of Rwanda’s College of Arts and Social Sciences.
In the Southern Province, the event was graced by the Director of Career Center, Innocent Nkusi together with the Director of Student Welfare, Theresia Nyirahabimana. As for the Northern Province, the competition was honored to be opened by the Principal of the College of Agriculture, Animal Sciences and Veterinary Medicine, Dr. Nyinawamwiza Laetitia.
With the Southern province having the second highest number of applicants at 102, it was surely going to be a strong contest but the judges from iCPAR namely; Mr. Ambrose Nzalamu, Marcella Nikuze, and Kayitesi Francoise were ready to give their best transparent judgments enough to select only one team that represents the Southern Province at the finals in Kigali. After four rounds of intense battles, team Victorious made up of Muvunyi Olivier and Habyarimana Jean Claude managed to earn their ticket to the finals.
The Northern Province had 72 applicants, and four hours were enough to have the team that gets to represent this province at the finals. The judges, Ddumba Yasser Arafat, and Regis Uramutse managed to ensure that only one team qualifies for the finals in Kigali. After three rounds, Team Blossoms made up of Raissa Umubyeyi and Adeline Umutoni from the College of Agriculture, Animals and Veterinary Medicine booked their spot in the finals.
The competition continues to the West and the Eastern province on the 15th of March 2019. Again, one team from each province will be selected to join the two other teams that have already earned their way to the finals.
The best three teams will be awarded Rwf1, 500,000, Rwf1, 200,000 and Rwf800, 000 in the quiz category while the best three individuals will be awarded Rwf500, 000, Rwf300, 000 and Rwf200, 000 in the written essay competition. All prizes are provided in the form of shares of companies listed at the Rwanda Stock Exchange.
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