On Tuesday 4th February, Kyambogo University topped Ugandan Universities after winning the Chartered Financial Analysts (CFA) Challenge 2020 finals held at Golf Course Hotel, Kampala.

The Chartered Financial Analysts Research Challenge is a global competition held annually to recognize outstanding university students in Financial and Investment analysis. The students are tasked to analyze a company listed on the country’s stock market (Uganda Securities Exchange) and recommend an investment decision while backing it up with reliable quantitative and qualitative evidence.

In the 2020 edition, eight Ugandan universities made it to the in-country finals where Stanbic Uganda Holdings Limited, which owns Stanbic Bank, was used as the case study for analysis. The students were required to prepare investment reports and thereafter present to a panel of judges, most of whom have experience in the banking industry.

Kyambogo University and Uganda Christian University defeated other universities to make it to the final round of the competition where Kyambogo emerged victoriously. The presentations were graded based on content, confidence and response to questions.

The Kyambogo University winning team comprised of Shadrach Kolya, the team leader, Gitta Mark Edwin, Mugabi Kevin Cole and Atukunda Siyemah. They will proceed to represent Uganda in Jordan, Asia for the intercontinental finals competing against European, Asian and other African Universities.

According to Shadrach Kolya, it was teamwork, commitment and extensive research that led to them to Victory. “We faced quite tough and prepared teams most especially UCU at the finals but we persevered and won the competition. We are representing the country in Jordan and we promise to perform to our best,” Kolya said.

On Friday 14th February 2020, the winning team handed over the trophy to Prof. Eli Katunguka Rwakishaya, the Vice-Chancellor. Prof. Katunguka congratulated and encouraged them to work harder and remain disciplined.

Kyambogo’s Chartered Financial Research Challenge winning team meets the Vice Chancellor.

The students were accompanied by their Mentors that included; Dr. Mukokoma Maurice Nalwoga, Dr. Obanda Peter and Faculty Advisors and Mentors; Dr. Asiimwe Richard and Ms. Namujuzzi Sylvia.