Thursday, September 20, 2012

KU Students win NSE Investment Challenge 2012

The team of Michael and Joseph from Kenyatta University were announced the overall winners of the year’s Nairobi Securities Exchange Investment Challenge at an award ceremony graced by Assistant Minister for Youth and Sports Hon. Kabando wa Kabando on Wednesday.
The competition, which ran from June to August, gave participants Sh2 million in virtual investment capital and real time market information with which to make trades. The winners were then selected by a panel based on the value of their portfolio at the end of the challenge, level of research, and participation in the provided discussion forums.  

Speaking at the award ceremony, Director of the NSE, Jonathan Ciano said; “The NSE Investment Challenge is the flagship Corporate Social Responsibility initiative of the Nairobi Securities Exchange. We believe that it is our duty as a financial institution to help create a more knowledgeable society by increasing both access and understanding of securities markets information.”

Other top contenders included Kelvin Kiplagat, a law student at Moi University, who posted the highest profit of Sh1 million to hold a portfolio of Sh3 million when the competition came to a close. Lack of enough research and participation in discussion forums were the biggest undoing for Kiplagat who many thought would win the coveted award.  
The overall winners pocketed Sh200,000 in cash to be invested at the Bourse, while the runners-up and second runners-up walked away with Sh75,000 and Sh25,000 respectively.  
This year’s award attracted 5,621 participants from 172 institutions some coming from as far the United States and Europe.
NSE Investment Challenge is an initiative of the NSE and Smart Youth Investment Ltd with NIC Securities and Centum Limited serving as its main sponsors.

For more on the NSE Investment Challenge and how to participate visit

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