Varsity students to benefit from drive on financial literacy

Nakuru, Kenya; Capital Markets Authority has embarked on an ambitious programme to promote financial literacy among university students.

CMA and Kabarak University  yesterday launched a student-competition dubbed “Kabarak University Capital Markets Challenge”, the first of its kind in the country.

Speaking during the launch of the competition at Kabarak Law School yesterday, CMA CEO Paul Muthaura challenged university students to begin investing early as one way of cultivating financial discipline.

 “We are happy to note that this initiative complements the initiatives that we have been undertaking together with our stakeholders,” he said.

Muthaura also revealed that CMA is currently working with other financial sector regulators (CBK, IRA and RBA) and the Kenya Institute of Curriculum Development to come up with a joint financial literacy education curriculum for schools and pre-university institutions.

The competition involves rigorous interviews and tests on investments and business initiatives. The winner will walk away with Sh150,000 cash prize.