The fifth edition of the Capital Market University Challenge kicked off on Tuesday with Rwf4 million up for grabs.
The challenge seeks to create awareness among students while they are still in learning institutions to know more about Rwanda’s capital market.
According to Eric Bundugu the acting Executive Director of Capital Market Authority (CMA), this year’s edition will award six best participants, three in essay and three in quiz categories.
The best in quiz will win Rwf1.5m, the second Rwf1.2m and the third Rwf800,000.
In the essay competition category, the best will win Rwf500, 000, the second Rwf300, 000 and the third will win shares worth Rwf200, 000.
So far more than 120 students are participating in this challenge.
According to Elyse Musoni, the Managing Director Brave Statistical Analysts Group, the competition is timely and will help boost savings culture and enhance the role of capital markets in regard to resource mobilization.
Rwanda’s Capital Market Authority is currently working to create an ecosystem to fast-track and sustain economic growth by attracting more people to save and invest through the local bourse.