The fund aims to bridge the skills gap between academia and industry in the in the Financial Services Sector in Kenya and Africa by providing industry tools and resources to students. The fund provides an opportunity for students to invest and manage One Million Kenya shillings in a Kenya and other Sub-Saharan Africa markets
Students shall have at their disposal the following resources:
* 2 full time academic staff members
* 1 full time trading room manager
* 2 Bloomberg/Money.Net terminals
* Trading account (2 Custodial Accounts)
* Training on
* Time and resource management
* Equity research and analyst reports
* Ethical considerations
* Stock pitching
* Portfolio construction & monitoring
* Risk management and compliance
* Investment reports
* Presenting to industry professionals
* Trading room sponsorship
* Industry master classes
* Onsite visits
* Practitioner led workshops
* Professional mentors
* Networking and careers advice
* Fund raising
The Equity Research Challenge is a Pursuit Africa sponsored competition held after every three months aimed at providing a valuable opportunity for young talents to showcase analytical skills at a holistic level. Students learn and apply skills such as financial modelling, stock valuation, how various macro and industry trends drive a company’s financial performance, and how to deliver an industry-quality report.
1st Runner Up: 10,000
2nd Runner Up: 5,000
Round I: Online Quiz
All participants take an online quiz administered online through https://pursuitafrica.com. The quiz consists of 20 questions which participants are expected to answer in 35 minutes. Results are immediately made available.
All participants for this round are eligible for 20% discount on our SMIF courses
Round II: Equity Research Note
Shortlisted candidates are given 15 days to work on an equity research note on a NSE Listed company and submit a report with an investment recommendation. The submitted report should be 4-6 pages long with target price and investment recommendation supported by fundamental analysis in MS Excel. The reports are evaluated and feedback provided online with recommendations on how to improve the participants’ analytical skills.
All participants for this round are eligible for 35% discount on our SMIF courses
Round III: On-Stage Presentation
Results of final selected participants are announced within 10 days upon submission of their reports. The final three candidates are given an opportunity to present their research to a panel consisting of three industry practitioners. Participants are given 15 minutes to present followed by a 10 minutes Q&A session. Winners are chosen on basis of their Research Report and Presentation.
The winner and first runner-up team members are eligible for 100% discount on our SMIF courses
Applications are open to anyone with interests in investments.
Having a background in either finance, accounting or economics is an added advantage