Tag Archives: Old Mutual

NUST Students Invited To Zurich For Investment Research Competition Finals

Staff Writer |Nust ZW

2 minute read

A team of students from the National University of Science and Technology (Nust) were last Thursday named as winners of the Chartered Financial Analyst (CFA) Institute Research Challenge in Zimbabwe.

Following their victory, the students advanced to the next level of the world’s leading investment research competition and will compete against universities from Europe, Middle East, and Africa.

The regional finals will be held on 10th and 11th of April 2019 in Zurich, Switzerland and will be hosted by CFA Society Switzerland.

The local challenge was the first step of two for a local team to advance towards the global final in New York, US, on April 25, 2019.

The Nust team consists of Andrew Dewah, Obvious Khumalo, Lynet Koteni, Tanaka Mupatsi and Memory Singadi.

Simbarashe Mangwendeza of Old Mutual Securities mentored the team while Cloudio Chikeya, a lecturer at Nust advised the team.

Other universities that competed at the local research challenge were from, Africa University, Chinhoyi University of Technology,Harare Institute of Technology,Midlands State University, Solusi University, and University of Zimbabwe.

Each university sent a team of three to five students to participate in the local challenge.

The students presented their analysis and buy/sell/hold recommendations on ZSE listed Padenga Limited. Their presentation at the local final was the culmination of months of research; interviews with company management, competitors, and clients; and presentation training.

For the students it was a great moment with some seeing that as a big step towards the professional life.

One of the students, Memory Singadi had this to say: “It feels so good to win though it was very challenging. For me the experience is a stepping stone to the future and my career.”

Obvious Khumalo, another member of the winning team felt the competition gave them “a practical feel of the corporate world”.

CFA local host coordinator Ranga Makwata was full of praise for the competing teams especially on how they were able to grasp key concepts of the competition such as financial analysis and equity valuation over a three months mentorship programme.

“With this kind of enthusiasm and talent the future of the investment profession in the country is very good and that can only improve our capital markets further,” he said.

Source: Technomag
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NUST student and Alumna co-founded online farm system wins at Seedstars Competition

One minute read

NUST student and alumna co-founded technical start-up, Rera Online Farm, has emerged the winner of the Zimbabwean leg of the Seedstars World Competition. They have managed to book a spot for themselves in the regional competitions penned for this December in Ivory Coast, after shrugging off stiff competition from nine other innovators.

The Rera online system is a four-year-old brain child of a NUST final year Industrial and Manufacturing Engineering student, Rick Masuku, former Electronic Engineering student Ratanang Noko and a Harare based technical enthusiast, Gladson Dube.

If Rera wins the regional competition in Ivory Coast, the startup will qualify for the global Seedstars Summit, to be held in Switzerland next year in April where the innovators will battle it out with other technical startups from around the globe.

By participating at the Global Seedstars Summit, the online startup stands a chance to win up to US$1 million in equity investment for their project.

The Zimbabwe competition took place on Friday June 29 at Impact Hub Harare, with nine startups pitching in front of a local jury which comprised of Nhena Nyagura from Dandemutande, Ethel Bangwayo from United Nations Development Programme (UNDP), Sharon Wekwete from Omidyar Network and Lilian Mbayiwa from Old Mutual.

Rera is an online platform that provides an opportunity for consumers to farm their own poultry produce through “three easy steps” which are by signing up for an account on the Rera website, creating their own fowl run by selecting the type of poultry produce and quantity they want to farm and lastly, once they confirm their poultry produce, the Rera sales agents advise the retail consumers on the payment procedure.

According to one of the founders of the online farm, the system could not have come at the right time than now when most people are digitally literate citing how they can save money by trying it out.

“Rera is an online platform that provides an opportunity for consumers to farm their own chicken in less than 5 minutes,it is a simple to use system like any other social media platform most people are familiar to,” said Masuku.

“With a low production cost of about $3.75 per chicken, this cuts costs for farmers, fast food outlets or even any interested buyer,” he added.

Source-nust.ac.zw