Winners of the 11th edition of Capital Market University Challenge will be announced during the ceremony slated for Friday, June 21.

The Capital Market University Challenge aims to expose university and higher learning institution (HLI) students to the capital market industry, fostering a culture of saving and investment as well as preparing them for future roles as investors and professionals in the industry.

The contest, which remains a key flagship programme of Capital Market Authority (CMA), is annually organised as part of its public education and awareness programmes.

It was organized in partnership with the Rwanda Stock Exchange, Bank of Kigali, and BK Capital.

According to CMA, to secure their future well-being, young people need to venture into smart saving and investment that will guarantee sustainability, which, among others, includes exploring opportunities offered by the capital market products such as shares, bonds, or any other product that can be offered at the stock market.

Young people are also encouraged to invest collectively through saving and investment clubs.

Rwanda’s Capital Market University Challenge is intended to create awareness and increase knowledge among students in universities and higher learning institutions (HLIs) on the importance and benefits of saving and investing through the capital market.

This, CMA says, will help prepare them as future investors and professionals in the capital market industry.

It is also intended to promote the creation of savings clubs/groups among students in universities and higher learning institutions (HLIs) while providing capacity-building training to established saving clubs on how best, through their clubs, to save and invest through the local capital market.

The competition framework involves a set of quizzes aimed at increasing awareness and knowledge among students about the capital market industry and its importance for Rwanda’s socio-economic development.