A team of five outstanding students from Ndejje University showcased their exceptional financial acumen in the prestigious CFA Equity Research Challenge, securing the position of 2nd runner-up. The competition, organized by the Chartered Financial Analyst (CFA) Institute and held at the Capital Markets Authority (CMA), brought together some of the brightest minds in finance and investment research.

Meet the Team
The Ndejje University team was led by Oriekot Cornelius and comprised the following brilliant minds:
- Oriekot Cornelius
- Tukwatsibwe Annitah
- Ashaba Mwine Goodman
- Lubambula Andrew
- Nami Gloria Brenda
They were mentored by esteemed Ndejje University lecturers Mr. Lule Simon and Madam Naome, along with former CFA participant Ssemwanga Derrick, whose guidance and expertise proved instrumental in the team’s success.
Understanding the CFA Challenge
The CFA Equity Research Challenge is a globally recognized competition that tests university students’ ability to analyze and evaluate a publicly traded company. It requires participants to apply real-world financial analysis and investment valuation techniques, culminating in a detailed equity research report and a presentation to a panel of industry experts.
Analyzing CRDB Bank Ltd
For this year’s challenge, the Ndejje University team conducted an in-depth analysis of CRDB Bank Ltd, a leading financial institution in Tanzania. Their objective was to assess the bank’s investment potential and provide a recommendation to investors. The research entailed scrutinizing the bank’s financial performance, market position, growth prospects, and risk factors.
Following extensive research and analysis, the team issued a buy recommendation, reflecting their strong confidence in CRDB Bank’s ability to generate sustainable returns for investors. This recommendation was based on the bank’s robust financial performance, strategic market positioning, and promising future growth outlook.
A Journey of Excellence
The CFA Equity Research Challenge commenced in October 2024 and culminated in the final competition on February 3, 2025. Throughout the rigorous stages, the Ndejje University team demonstrated exceptional research skills, analytical prowess, and strategic thinking. Their journey saw them advance to the semi-finals, where they competed against top-tier universities.
In the grand finale, Ndejje University secured the 2nd runner-up position, finishing behind Uganda Management Institute (UMI), the overall winners, and Makerere University Business School (MUBS), the first runner-up. Their impressive performance is a testament to the university’s commitment to academic excellence and practical learning.
A Bright Future Ahead
This remarkable achievement not only highlights the talent and dedication of Ndejje University students but also cements the university’s position as a competitive institution in finance and investment research. Their success in the CFA Equity Research Challenge serves as an inspiration for future participants and underscores the value of hands-on financial training in preparing students for the global investment landscape.
Congratulations to the Ndejje University team for their outstanding performance and for making their institution proud!



























