MANAGEMENT: GSB Launches Masters In Development Finance
Recent Western Cape Business News
According to Nicholas Biekpe, a Visiting Professor at the UCT GSB and President of the Africagrowth Institute, the Masters is designed to provide and establish a rigorous understanding of the increasingly complex web of global financial architecture across and within the various emerging stages of economic and financial development.
Biekpe explained that development finance, as a professional discipline, is widely practiced but that Africa has an immense shortage of postgraduate qualifications in the area; this is hampering development initiatives on the continent.
“There is a lack of understanding, most apparent in African governments, and thus there is a great need for an advanced programme like this which focuses on the unique challenges that the African continent faces and on developing the skills that are relevant to our context,” said Biekpe.
Major development finance institutions include major development banks, the UN organs, regional and country-specific development finance institutions, public and private sector institutions, and international foundations and NGOs – most are highly active in Africa and indeed across other emergent markets where development challenges are still rife. High quality postgraduate qualifications in the area, however, are very scarce, and to date have been hard to come by for Africans.
Entry requirements for Masters consists of having either a four-year or Honours degree in Economics, Commerce; Accounting; Finance, or other finance-related degrees; or a four-year or Honours degree in other non-finance related discipline with at least three years work experience in a finance related work.
Some of the core areas to be covered will be Micro-enterprise Finance; Project Finance; International Finance for Development; Quantitative Methods in Development Finance; Issues in Development Finance; Responsible Investment; Public Sector Finance; Financial Risk Management; and Research Methods.
“We wanted to make the Masters broadly accessible, as this widens the pool of expertise at all levels of development,” said Biekpe. The degree is offered as a two-year part-time (modular) programme.
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