Investments Professionals Association of Zimbabwe (IPAZ) is hosting the CFA Institute Research Challenge for tertiary students in Zimbabwe.
The annual educational challenge, which is designed to promote best practices in equity research was launched in Harare yesterday.
“We are excited about launching this educational competition in Zimbabwe as IPAZ and we hope to make a contribution in the training of prospective investment professionals,” says Ranga Makwata IPAZ board member and local host coordinator of the Research challenge.
“The competition should help university students develop their competencies in equity research, report writing and presentation. Besides competency, the challenge should also teach them to be ethical in their conduct and always put the client’s interest first before their employers’ and theirs too.”
During the CFA Institute launch, Securities and Exchange Commission of Zimbabwe (SECZ) Chief Executive Officer, Tafadzwa Chinamo said the challenge will reinforce what students learn in schools.
The CEO also said well-trained researchers and capital markets analysts could help bring the vibrancy the (investment) sector requires to grow, together with the entire economy.
“It is time to project Zimbabwe capital markets to investors through providing in-depth analysis of the companies we have,” Chinamo said.
SECZ sponsored the launch of the challenge that will see 8 Zimbabwean universities participating.
Students participating in the CFA Institute challenges will be coming from tertiary institutions namely Africa University (AU), Bindura University of Science Education (BUSE), Chinhoyi University of Technology (CUT), Harare Institute of Technology (HIT),Midlands State University (MSU), National University of Science and Technology (NUST), Solusi University (SU) and the University of Zimbabwe (UZ).
CFA Charterholder, Same Same in a side interview said that universities came up with their own criteria to choose the teams which have 3-5 member from either undergraduates or postgraduates areas or both