BY ARTHUR MATSIKO
Uganda Christian University (UCU) Faculty of Business made their first ever participation in the East Africa Chartered Financial Analysts (CFA) 2015/16 research challenge held in Nairobi.
The University was represented by five third year students of Bachelor of Business Administration (BBA). These include Goodman Amanya, Innocent Ziraba, William Golola, Grace Irankunda and Shadrack Ejula. They were in the company of Lorraine Akinyi, a lecturer and their faculty advisor.
CFA Institute Research Challenge is an annual global competition that provides university students with hands-on mentoring and intensive training in financial analysis.
The students researched and analyzed Kenya Commercial Bank and were tasked to present a comprehensive report on the industrial and company analysis, financial analysis, risk management, and eventually an equity valuation of the company with either a buy, sell, or hold recommendation to potential equity investors of the company.
Ten Universities from Kenya and three from Uganda participated in the competition who included, among others, UCU, Makerere University Business School (MUBS), Makerere University, Nairobi University, Strathmore University, and Kenyatta University. UCU was selected to participate in the challenge this year as one of the top Universities in Uganda.
The first round of the competition was the mini challenge held on December 19, 2015 of which UCU emerged 4th. The next round was the local finals held on February 26, 2016 and UCU emerged 6th. The winner, Strathnore University (Kenya), now proceeds to Chicago for the global challenge.
Akinyi told The Standard that despite the stiff competition, UCU put up a good fight and was able to compete.
“I would confidently say that although we did not win, the opportunity provided good exposure for the University and the students, our students have the ability and competence to measure internationally,” she said. “The students also had the opportunity to interact with top investment professionals in East Africa as well as present themselves as potential employees in the region.”
She added that the challenge was that by the time the students were going for the finals in February 2016, they had all graduated and some were already working hence the logistics and the time to get the students together to prepare was a bit challenging.
One of the participants, Goodman Amanya, said that the challenge exposed her to high standards of expertise.
“It was a great opportunity in that we had to integrate financail and economics results. Handling the competitions was a wonderful experience for me as team leader and the whole team,” she said in an email to The Standard.