DSE out to foster investment literacy

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DAR ES SALAAM: DAR ES SALAAM Stock Exchange (DSE) yesterday staged a research challenge aimed at fostering financial and investment literacy among students from higher learning institutions.

The ‘CFA Institute Research Challenge 2023/2024 local competition’ supervised by the CFA Society East Africa intends to empower youth on various financial matters.

The DSE’s Acting Director, Ms Mary Mniwasa, said the event represents a unique opportunity to witness the youth competency aspiring financial professionals who have decided on the principles of integrity, professionalism, and ethical conduct.

“The challenge not only showcases youth’s analytical skills but also discloses the importance of ethics in the decision-making in an ever-evolving Eco finance,” Ms Mniwasa told reporters.

The stock exchange is committed to ensure financial literacy among Tanzanians through encouraging innovation.
The competition involved teams from Ardhi University, Mzumbe University, the University of Dar es Salaam (UDSM), and the University of Dodoma (UDOM).

CFA Institute Research Challenge is an annual global competition that connects university students with investment professionals from within the CFA Society network.
The CFA Society Administrator for Tanzania, Ms Lucy Shantiwa, said the challenge is focused on increasing the financial awareness and investment matters to higher learning students.

“We involve students for at least four to five months. They are allocated companies to conduct analysis and this year DSE has been picked as a case study,” said MS Shantiwa.

Additionally, Iddi Ernest, a student from UDOM said the challenge will enable them to analyse investment issues and give them a wide scope to know how to make a profit through investment, especially in the stock market.

The competition provides students with hands-on mentoring and intensive training in financial analysis and ethics and tests participants’ analytical, valuation, reporting writing, and presentation skills.

Local-level competitions are organised and judged by CFA Society members and volunteers who function as local hosts.

The winning university team from each local competition advances to one of the three regional competitions.