Essay competition with focus on Guyana’s capital markets launched for UG students

As Guyana continues its emergence as a key player in the global business landscape, NCB Capital Markets Limited is giving students of the University of Guyana (UG) a chance to have their voices heard through a recently launched essay competition.
This initiative seeks to inspire the next generation of leaders to think critically about the future of financing for local businesses — a crucial topic as the nation experiences unprecedented economic growth.
“With the rapid growth of the Guyanese market, our students will soon be the ones driving the nation’s economy forward,” Richard Rambarran, Country Manager for Guyana and Suriname at NCB Capital Markets Limited, stated as he reflected on the importance of involving youths. “We see this competition as an opportunity to engage young minds in considering the role of financing in this growth story.”
The essay competition, which was launched on September 20, 2024, asks students to tackle a complex but timely question: “While debt remains a key financing tool, businesses worldwide are increasingly tapping equity financing, with some transitioning to public listings. Should Guyanese businesses consider this path?”
Rambarran has said the topic is designed to encourage students to explore business financing opportunities that could unlock new potential for Guyanese enterprises. He
believes the initiative goes beyond a simple academic exercise.
“We’re not just looking for good essays, we’re looking for ideas that can shape the future of Guyana’s capital markets. By tapping into the innovative thinking of these students, we’re hoping to bolster a culture of financial leadership that will benefit the entire country,” Rambarran has said.
In expressing support for this initiative, officials of the University of Guyana have noted how timely and relevant the topic is for students. Head of the UG Economics Department, Dr Sydney Armstong, has declared, “I fully support this initiative as it is highly relevant to students. Given Guyana’s economic trajectory, there is growing need for capital market development, and this initiative would help students understand the importance of capital markets and enhance their knowledge and involvement in the world of finance.”
Dr Cecil Boston, Senior Lecturer and Assistant Dean, Faculty of Health Sciences, University of Guyana, has praised the initiative for its forward-thinking approach by saying, “This competition allows our students to grapple with real-world financial issues that are directly linked to Guyana’s future economic development. It’s a powerful opportunity for them to bridge academic learning with practical insights, all while contributing to the national conversation.”
The essay competition is open to both undergraduate and postgraduate students at the University of Guyana. First- and second-place winners would receive respective cash prizes of $150,000 and $100,000, along with vouchers for the Caribbean Stocks and Securities course offered by the Jamaica Stock Exchange.
All essays must be original and adhere to a 1,500-word limit, and entries must be submitted to [email protected] by September 30, 2024.
The winners would be announced during the 2nd Regional Investments and Capital Markets Conference scheduled for October 8-9, 2024. As part of the prize, they will also get the opportunity to present their ideas at this prestigious event, showcasing the next generation of thought leaders in Guyana.
Rambarran is optimistic about the impact this competition could have. “At NCB Capital Markets Limited, we’re committed to supporting a sustainable and inclusive financial future for Guyana,” he has said.