Afribiz Announces First African Stock Investment Competition

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WASHINGTON-- African Stock Investment Competition looks to change the perception of Africa to a place for investment and business by connecting with university students the world's future leaders.

Africa investor, South African Chamber of Commerce in America (SACCA), and Afribiz announce the first African Stock Investment Competition (ASIC) for college and university students. ASIC is the only competition of its kind to expose students outside of South Africa to the emerging capital markets of Africa. ASIC runs from January through September 2011.

Year after year, Africa produces some of the best return on investments as a region. Yet even in a globalized world, young people learn little of financial and capital markets in this emerging region, says Lauri Elliott, Director of Afribiz Media.

The competition consists of two components. The ASIC Level 1 Individual Competition exposes and educates students on all the African stock exchanges, which exceed 20 in number. Students have access to information, resources, and interviews with key people that have knowledge of each African stock exchange, including stock exchange officials, brokers, and analysts. In ASIC Level 1, students win prizes by participating in short, interactive competitions as individuals.

The ASIC Level 2 Team Trading Competition exposes students to reality-based trading on the Johannesburg Stock Exchange in a simulated, virtual platform developed for the JSE/Liberty Investment Challenge conducted every year for South African university students. Students compete in teams to build the best growth stock investment portfolios over six months.

The competition is open to currently enrolled U.S. university and college students at least 18 years old, as well as to students at participating universities around the globe. The online home of ASIC is located at Africastockcompetition.com.

PR Newswire

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