Kenya’s capital markets regulator has launched its annual “Capital Markets University Challenge” that targets university students, in an effort educate and empower them on how the Markets work and the opportunities the markets present while supporting economic development.
The challenge targets over 6000 students across 37 local universities and has five stages that will be used to find the winner.
According to CMA’s Chief Executive Officer Paul Muthaura, the challenge is focused on finding a platform to empower and educate the youth.
‘’When you look at the overall investment flows that are flowing into the country, the amount of investments the government is putting in key issues around infrastructure, social services, that really create a very strong foundation for a long-term growth the upside is huge.’’ He said.
Adding that the current downward is creating a new opportunity for people to be able to write the market up, ‘’we are going to bounce back very significantly and if you continue to only talk about the downside we are dis-incentivizing people from taking advantage.”
Mr Muthaura also urged Kenyans to invest in the stock market saying, ‘’When you look at the sheer level of international investment money that comes into the market, they are the ones who take advantage of the market as we locally keep talking about the markets going down, they are buying up, because they are taking advantage of the opportunity and then we only come in to participate domestically when it starts to come back up and we exit them at a much higher price.”