Strathmore team wins top business competition

Strathmore University July 23, 2014. Strathmore University students emerged the overall winners of this year’s inaugural Varsity Business Challenge, beating contestants from 19 universities. PHOTO |COURTESY

By  NATION CORRESPONDENT

What you need to know:

  • Second and third places were taken by Team Achievers, also from Strathmore University, and Blue Chip from University of Nairobi, respectively.
  • Sanjay Rughani, head of finance operations and change management Africa at Standard Chartered Bank, said, “This challenge allows students to explore possible strategic business and investment opportunities for the bank”.

Strathmore University students emerged the overall winners of this year’s inaugural Varsity Business Challenge, beating contestants from 19 universities.

The three students — Ashna Patel, Winnie Onserio and Nishita Bakrania from Raging Achievers team — beat 113 other teams of three students each to lift the trophy on Friday at a final competition held at University of Nairobi.

Second and third places were taken by Team Achievers, also from Strathmore University, and Blue Chip from University of Nairobi, respectively.

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NURTURE POTENTIAL

The three-month nation-wide challenge was established by the Association of Chartered Certified Accountants (ACCA), a global body for professional accountants. It seeks to nurture the potential of university students by testing their preparedness to join the business world.

“We planned the challenge because of issues such as employers complaining about graduates not being fit for business,” ACCA’s head of Kenya Anthony Kariuki said. ACCA partnered with Standard Chartered Bank to support the challenge dubbed: “The world is your playground”.

Sanjay Rughani, head of finance operations and change management Africa at Standard Chartered Bank, said, “This challenge allows students to explore possible strategic business and investment opportunities for the bank”.

Winners received iPads, while the 1st runner-ups got laptops. Smart phones were awarded to the 2nd runner-ups, with the teams’ mentors walking away with cash prizes of Sh50,000, Sh30,000 and Sh25,000, respectively.

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