The Capital Market Authority (CMA) conducts the 5th edition of the Capital Market University Challenge from 6th to 26th March 2018 in collaboration with the Rwanda Stock Exchange (RSE), Economic Policy Research Network (EPRN) and the International Association of Students in Economic and Commercial Science (AISSEC), the Institute of Certified Public Accountants of Rwanda (ICPAR) and the Rwanda National Investment Trust Ltd (RNIT).
The acting Executive Director of Capital Market Authority, Eric Bundugu noted that “The Challenge is 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.”
He added that “The main objective of the Capital Market University Challenge is to create awareness among students while they are still in learning institutions and just before they join the workforce. Interesting and competitive activities will attract their interest which will encourage them to participate.”
Eric Rwigamba, the Director General of the Financial Sector Development for the Rwanda Ministry of Finance and Economic Planning addressing students encourages them noted to share the knowledge they gained during the 5th edition of the Capital Market University Challenge with families, friends and neighbors. “Teach your relatives and friends on how they can save and invest through the Rwanda's capital market and remember to form investment clubs to embrace the saving culture collectively.”
Fabrice Iradukunda, a representative of the winning team in the quiz category named “Vision Quest” from University of Rwanda, Huye Campus won Frw 1,500,000 note that they now understand the impact of saving and investing in the capital market industry.
He said that “Saving and investing in the products available on the stock market is vital for young people for the betterment of their future and for our country as it generates more revenues than putting the money on our own bank accounts. When we buy government bonds, it’s our direct support to contribute to the country’s development to boost the infrastructure sector.”
The winner in the essay category, Derrick Muhire from Kepler University won Frw 500,000 stressed that he is now ready to be an ambassador of the Rwanda’s capital market industry by sharing with relatives and friends on how they can use the stock market to save for the future.
The first runner up in the quiz category in the quiz category is Strikers from University of Rwanda, College of Agriculture, Animal Sciences and Veterinary Medicine (CAVM) won Frw 1,200,000 and the second runner up is Save for the Purpose from ULK Gisenyi Campus won Frw 800,000. In the essay category, the first runner up is Abraham Uwimana won Frw 300,000 and Justin Nkunzimana won Frw 200,000.
