Rwanda’s Capital Market University Challenge instills savings culture among youth

The Executive Director of Capital Market Authority, Robert Mathu (C) RSE CEO Rwabukumba Celestin and Winners holding their cheques

As part of its public education and awareness campaigns, the Rwanda’s Capital Market Authority (CMA) organises the annual Capital Market University Challenge. The competition is aimed at exposing university students to the capital market industry and instilling in them the culture of saving and investment as future professionals and investors.

The University Challenge started in 2012, targeting undergraduate students in all universities and other higher learning institutions in Rwanda. The 4th edition of the Challenge covered 21 universities and other higher institutions of learning covering more than 300 students.

The competition this year included a quiz to test students’ knowledge on the capital market industry, and essay writing on the theme of ‘Growing the youth through capital market.’

The challenge was conducted 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 objective of the Capital Market University Challenge is to create awareness and increase knowledge among university students about the capital market and financial sector as a whole,” explained Robert Mathu, the Executive Director of Capital Market Authority.

After a finale at the Kigali Serena Hotel, the College of Agriculture and Veterinary Medicine (CAVM) was declared the winner of the Capital Market University Challenge 2017. The winners both in quiz and essay categories were awarded Rwf 3 million to buy shares in any listed company of their choice. 

Mathilde Murebwayire, who is from the winning college and who won Rwf100,000 in essay writing, said that Capital Market University Challenge helped her to get more knowledge about the culture of saving.

  • By Hope Magazine
  • Posted 15th June 2017

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