THIS WEEK: USE unveils University Challenge
Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities.
The three month Challenge that will end in December seeks to give youth a platform to trade and understand how to invest in shares and bonds listed on the bourse. More than 1,000 university students are expected to participate in this first trading and investment competition.
USE CEO Paul Bwiso, said the investment challenge will be central in raising awareness among the younger generation on investing in the stock market and how students can create wealth through the exchange.
“This platform will be critical in demystifying what securities and trading is all about while giving an opportunity to students to learn how to make informed investment decisions on their lives,” he said.
Each participating student will get Shs35million worth of virtual capital and a winner will receive Shs10million followed up with the first and second runners up will receive Shs5million and Shs2.5million, respectively. Sponsors of the Challenge includes; Stanbic Bank, DFCU, Umeme and NIC insurance.