The long awaited 6th edition of the Capital Market University Challenge kicked off on the 13th March 2019 with its pre-selections in two provinces; mainly, Northern and Southern Provinces. With 174 applicants in both provinces hence representing 87 teams, this was surely an intense contest.
As part of its strategy of empowering the youth through financial literacy, the Rwanda’s Capital Market Authority (CMA) has launched the Capital Market University Challenge 2019. The inter-varsity competition primarily seeks to promote capital market knowledge and started on 1st March up to 26th March 2019.
The 2019’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 (CAVM) Campus whereas in the South, it was held at University of Rwanda’s College of Arts and Social Sciences.
In her opening remarks, Dr. Laetitia Nyinawamwiza, the Principal of CAVM encourages students to start saving from few living allowances they are regularly paid, she also requested the representative of CMA to maintain the good relationship with CAVM.” We have been winning almost every year in this competition, we want to raise new stars from CAVM today” She said.
In the Southern Province, the event was graced by the Director of Career Center, Innocent Nkusi together with the Director of Student Welfare Mrs. 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. As soon as the opening remarks, representatives of Capital Market Authority, iCPAR, and AIESEC in Rwanda gave their remarks as well. After this, the competition kicked off.
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, Mrs. Marcella Nikuze and Mrs. Kayitesi Francoise were ready to give their best transparent judgements 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 Mr. Muvunyi Olivier and Mr. Habyarimana Jean Claude managed to earn their ticket to the finals.
As for the Northern Province, having 72 applicants, four hours were enough to have the team that gets to represent this province at the finals. As the rain dropped steadily and soft, the judges, Mr. Ddumba Yasser Arafat and Mr. Regis Uramutse managed to ensure that only one team qualifies for the finals in Kigali. After three rounds, Team Blossoms made up of Ms. 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 Frw 1,500,000, Frw 1,200,000 and Frw 800,000 in the quiz category while the best three individuals will be awarded Frw 500,000, Frw 300,000 and Frw 200,000 in the written essay competition. All prizes are provided in form of shares of companies listed at the Rwanda Stock Exchange.
For more updates on how the competition will be moving forward, you can follow Capital Market Authority’s Twitter handle (@CMARwanda) and the AIESEC in Rwanda’s account (@AIESECRWANDA) and the official hashtag of the completion: #UniChallenge19.