11th November 2014
This year’s Youth Investment Challenge culminated in the awarding of the top “investors” at an award ceremony held at the Exchange on 55 Wetlands Road. The event was graced by Eng. Peter Mangiti, the Principal Secretary for Ministry of Planning as the chief guest. Prudent Investors a company formed by two Maseno University students Joseph Mwangi and Muthenya Peter emerged overall winners bagging an award of Ksh. 150,000.
Speaking at the event the NIC Securities General Manager, Ms. Catherine Karita noted that one of our major citizenship goals was to advance financial literacy and this programme offered an opportunity to do just that.
This year the challenge registered over 7,300 participants from Kenya, Uganda, Tanzania, South Sudan and Rwanda who were given Kshs 3 Million virtual start-up capital to trade with using the NSE real time prices for a period of 3 months. The 2014 NSE Investment Challenge top three winners were awarded a total of Kshs 300,000 to invest in the Securities Market.
This financial literacy programme founded in partnership with Smart Youth Investment Limited and sponsored by NIC Securities targets to empower youth attending universities and other tertiary institutions countrywide with knowledge of investing and savings.