29 AUG 2019

SEMIYA 2019: Loreto college of Mahébourg wins


The Loreto college of Mahébourg won the SEM Young Investor Award (SEMYIA) 2019. This competition is organized, each year, by the Stock Exchange of Mauritius, and is sponsored by MCB Group. The awards ceremony took place on Wednesday 28th August, 2019 at Octave Wiéhé Auditorium in Réduit.

151 teams from 85 colleges took part in the competition this year. The winning team wins a cash prize of Rs 200,000 offered by MCB Group, shares of the bank worth Rs 12, 500 and a one-week internship at the bank.
SEMYIA is open to Grade 12 students and aims to instill in young people the culture of investing by allowing them to put themselves in the shoes of real investors. During three months of competition, they have the opportunity to familiarize themselves with the stock market. Participants meet with stockbrokers, follow market prices and go through financial reports from various listed companies, among others. They also have a virtual starting sum to invest.
This sponsorship of MCB Group is in line with a sustained policy for promoting education. Every year, the Group is committed to helping to develop education and promote platforms that help encourage creativity among young people. Initiatives include Science Quest, the MCB Rodrigues Scholarship, the MCB Football Academy, the National Spelling Bee Competition and the MCB Foundation Scholarship.

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