Capital Market and Securities Authority

Capital Markets Universities and Higher Learning Institutions Challenge (CMUHLIC)

ABOUT THE CMUHLIC

The Capital Markets and Securities Authority (CMSA) conduct Capital Markets Universities and Higher Learning Institutions Challenge (CMUHLIC), a competition that is open to students in universities and other higher learning institutions in Tanzania.

Prizes for the Challenge

ABOUT THE CMUHLIC

The CMUHLIC is a competition that is run by the Capital Markets and Securities Authority (CMSA) for higher learning institutions students through participation in quiz and essay writing competitions. The competition is open to undergraduate students in universities and higher learning institutions in Tanzania Mainland and Zanzibar.


The focus of the challenge is primarily to test the knowledge and understanding of issues related to capital markets, increasing awareness, creating an investor base and arousing interests for wider participation in the capital markets. It also testes the ability of students to apply their knowledge on capital markets to real life situations.

Objectives of the Capital Markets University Challenge are
To create awareness and enhance knowledge about capital markets and commodity exchanges among the students in the universities and other higher learning institutions;
To increase participation in the securities markets by encouraging a culture of savings and investments;
To broaden the country’s securities markets investor base by creating awareness among students and other potential investors;
To leverage on technology in reaching out to students in universities and other higher learning institutions countrywide using digital technology including mobile phone and the internet which has proven to be an effective medium of communication.
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