Capital Market University Challenge

Calendar for the Competition of University Challenge 2023

Dear esteemed contestants,

Greetings from CMA.

We would like to take this opportunity to thank you for registering for the 2023 Capital Market University Challenge (CMUC).

Your enthusiasm and commitment to learning about the capital market are commendable, and we are thrilled to have you as participants in this particular competition.

We hope that you found the registration process smooth and straightforward. Our team has been working tirelessly to ensure that everything runs smoothly, and we appreciate your patience and understanding throughout the registration process.

As we move forward, we would like to share with you the roadmap below for this competition with you. Over the coming weeks, you can expect to receive regular updates on the competition, especially on when to attempt various quiz rounds and the deadline for submission of your essays.

We encourage you to follow us on Twitter to stay engaged and connected with us through CMA’s verified Twitter handle: @CMARwanda on We will be sharing other relevant information related to this particular competition. Feel free to join the conversation using #UniChallengeRw as the hashtag.

Here are some tips on how to prepare for the Capital Market University Challenge:

1. Take advantage of the vast resources available online to research various topics related to the Rwandan capital market industry in general, the whole financial sector, and how other market operates in general. Look for reputable sources such as financial news websites from Rwanda and abroad, stock market analysis reports, and academic journals to gain a deeper understanding of the capital market.

Remember also to visit the below portals so that you can get more insights as well:

2. Keep yourself informed about current events and market trends by reading published financial news. This will help you better understand the factors that impact the capital market and prepare you to compete in the 2023 Capital Market University Challenge.

Remember to stay focused, committed, and dedicated in your preparation for the Capital Market University Challenge.

Thank you again for your participation, and we wish you all the best in this journey you are embarking on.

Good luck!

Below is the revised roadmap with key activities to be conducted throughout the CMUC 2023:







Submission of the final essays

Contestants shall submit on time their final essays through

For those to compete under the Essay category, they will submit the final essays in the system under the theme “How does the capital market finance Rwanda’s vision 2050”.


The essay writing should comply with the following requirements:

  • Be original and innovative;
  • Have not more than 800 words;
  • Copying and pasting information from websites will amount to plagiarism, punishable with discontinuation from the Challenge.

2-17 May, 2023


Competition rounds for the Quiz category

Round 1 for the competition for the Quiz category

May 11th, 2023

Round 2 for the competition for the Quiz category

May 15th , 2023

Round 3 for the competition for the Quiz category

May 17th, 2023


Final quiz round on the national level

Top winners in the quiz category on the provincial level shall sit for a special round on the national level

May 19th, 2023


Awarding of winners and closing ceremony

Host a physical awarding of winners and a closing ceremony at the Kigali Convention Centre

June 16th, 2023