DAR ES SALAAM: The Capital Markets and Securities Authority (CMSA) has underscored the importance of building capacity of higher learning students on the issues of capital market so that the country could produce more experts for the field.
CMSA Chief Executive Officer Nicodemus Mkama said in Dar es Salaam yesterday that imparting practical skills to students was important to acquire experts who meet international standards.
“In order to acquire experts who meet international standards you need to enhance skills among students at higher learning institutions in the country,” he told reporters at an event to introduce this year’s Capital Markets Universities and Higher Learning Institutions Challenge (CMUHLIC).
Mr Mkama said that the capital market sector was key area for the government to get funds for implementing various development projects.
“In order to achieve this, we are supposed also to build capacity of officials at the capital markets,” he said.
“Today, it is important day for the capital markets, we have young people from higher learning institutions in both mainland and Zanzibar where we conducted competition which managed to attract over 18,000 participants,” he said.
Out of them the authority picked 102 whom would be presented before the panel of judges for picking 20 winners.
The participants would be fielding questions fielded posed by the panelists.
The judges come from different financial institutions including banks, UTT-AMIS, and Watumishi Housing.
“The aim is to get winners who would get awards on Thursday this week, the event would be graced by Dr Mwigulu Nchemba, Finance and Planning Minister,” he said.
He argued that such annual event has been successful because it managed to produce experts who went to serve in the capital market sector.
The top winners would get a chance to join different financial institutions for on-job training in where they may also get employed.
“We have been insisting that students should apply the theory they acquired from the universities so that they could be able to work in real capital market.