The Dar es Salaam Stock Exchange (DSE), the National Microfinance Bank (NMB), Selcom and the Financial Sector Deepening Trust (FSDT) would like to inform the general public that the DSE Scholar Investment Challenge 2014 was successfully concluded as planned on June 30th 2014. The challenge attracted more than 5,000 participants from higher learning institutions all over the country. Today, August 13th 2014, the top three winners of the 2014 Challenge will be identified and awarded their respective much deserved prizes.
The DSE Scholar Investment Challenge is a yearly edutainment campaign targeting Tanzanian youth in higher learning institutions. It is an online simulation of live trading at the DSE, where each participating group/individual is given a virtual startup capital to invest using the DSE real time information for a period of 3 months. The main objective of this campaign is to educate and encourage the youth to develop a culture of saving and investment by demonstrating in practical way why and how to buy and sell securities on DSE.
In order to ensure access to all, the DSE Scholar Investment Challenge used a mobile based platform where participants used their mobile phones through an access code *150*36#. For a period of 3 months, participants were given access to the DSE real time information and a virtual startup capital of TZS 1 million to invest in securities listed on the DSE.
Students were challenged and expected to improve their business, finance and economic understanding and develop key mathematical techniques and applications in a collaborative and time-pressured environment. The challenge was set to provide a platform to developing or demonstrating an understanding of business and finance while also helping students to develop their personal learning, thinking and functional skills.
During the challenge, participants learned that prices, indices, information and other data in the stock exchange are affected not only by the fundamental performance of the listed companies, the sectors they are in, and the overall economic trends but also by the information in the news in addition to what other investors, investment analyst and brokers do, making for a genuinely interactive experience.
The winner of this Challenge is the team/individual considered by a panel of judges to have made the most sound investment decisions, the highest portfolio value and to have contributed better in the discussion forum. The leading student with the highest portfolio value has tripled his investment in a period of only three months of active investment. The top three winners will share a cash prize of TZS 2,000,000/- and internship placements.