TechInAfrica – A student team from Nasional University of Science and Technology came as the winner of the Chartered Financial Analyst (CFA) Institute Research Challenge in Zimbabwe. This brings the team of students to be the representative of Zimbabwe to compete with other teams from Europe, the Middle East, and Africa in final competitions.
The final competition will be held in Zurich, Switzerland for two days from April 10 to 11, 2019 and hosted by CFA Society Switzerland.
The team consists of five students, including Andrew Dewah, Obvious Khumalo, Lynet Koteni, Tanaka Mupatsi, and Memory Singadi. If they win the final competitions in Zurich, they will step up to the global final competition held in New York, US on April 25, 2019.
The team was mentored by Simbarashe Mangwendeze from Old Mutual Securities and advised by Cloudio Chikea, one of the lecturers from Nust.
Previously, the team competed on the local research challenge with several teams from other universities including Africa University, Chinhoyi University of Technology, Harare Institute of Technology, Midlands State University, Solusi University, and the University of Zimbabwe.
While competing at the local level, each team showed and given their analysis through presentations. The competition took months of research, including a series of interviews with the company management, clients, competitors, as well as presentation training.
One of the student team, Memory Singadi, expressed her feeling about their winning at the local level. She said that she was very happy about winning the research competition. It was a good experience, especially for her future and career.
Another student from the team, Obvious Khumalo also felt about the same. Moreover, he said that the competition had given them “a practical feel of the corporate world”.
The CFA local host coordinator, Ranga Makwata was very proud of the winning teams and complimented them on how they were able to conceptualize the financial analysis and equity valuation during the three months mentoring program.
“With this kind of enthusiasm and talent the future of the investment profession in the country is very good and that can only improve our capital markets further,” Makwata said.