Equatorial Guinea Team Wins COSUMAF 2026 Olympiad Regional Round

The Commission de Supervision du Marché Financier d'Afrique Centrale (COSUMAF) recently organized the third edition of its olympiads. The event aims to educate students from six countries in the Communauté Économique et Monétaire d'Afrique Centrale (CEMAC) about the regional stock market, investment options, and investor savings protection. Six teams from Equatorial Guinea participated in the national phase, with four teams representing various University of Equatorial Guinea (UNGE) faculties and two teams from BANGE Business School and Centro de Formación Profesional María Auxiliadora.

The competition consisted of multiple rounds. In the first round, teams answered 18 questions about the financial market. Ingeniería Mecánica received the lowest score and was eliminated. The remaining five teams proceeded to the semifinal round, where they answered 25 questions. The team from Centro de Formación Profesional María Auxiliadora ranked last, and the other four teams advanced to the final round.

BANGE Business School emerged as the winner of the final round with seven points, surpassing Ciencias Económicas with one point. The teams from Administración y Dirección de Empresas and Relaciones Laborales y Recursos Humanos tied with five points each. BANGE Sociedad de Valores sponsored the prize, awarding the winning team 500,000 CFA francs to invest in stocks. Each team member received 100,000 CFA francs for personal investment.

The winning team from BANGE Business School will also have the opportunity to participate in a three-month internship with BANGE Sociedad de Valores. The event's inauguration took place on November 12, with a COSUMAF delegation led by Mbilla Jean Claude, Director of Études et Développement du Marché Financier. Representatives from COSUMAF and BANGE provided two sessions on the regional financial market's functioning.

The olympiads aim to enhance students' understanding of the regional stock market and its operations. COSUMAF's efforts focus on educating the next generation of financial professionals in the CEMAC region. The competition saw participation from various educational institutions in Equatorial Guinea, highlighting the country's interest in promoting financial literacy.

The University of Equatorial Guinea's participating teams represented diverse faculties, including Ciencias Económicas, Administración y Dirección de Empresas, Relaciones Laborales y Recursos Humanos, and Ingeniería Mecánica. Their involvement demonstrates the institution's commitment to providing students with practical knowledge of financial markets.

The COSUMAF 2026 olympiads have provided a platform for students to engage with financial concepts and develop their skills. The event's success highlights the importance of initiatives promoting financial education and literacy in the CEMAC region.

Key points

• BANGE Business School wins the regional round with 7 points.