by Tarcia Hendricks

Development finance takes centre stage

USB offers first internationally accredited postgrad diploma in Development Finance in SA

Professor Charles Adjasi, associate professor of Development Finance at USB
Prof Charles Adjasi.jpg

Globally, development finance has taken centre stage as the World Bank, African Development Bank and Asian Development Bank are initiating policies on the role development finance is going to play in emerging countries, as well as overall global economic growth and development in 2013 and beyond.

Development finance builds unique interventions to bridge the gap in access to finance for growth and expansion, which is important for Africa, given the huge developmental and growth opportunity on the continent. 

This is the view of Professor Charles Adjasi, associate professor of Development Finance at the University of Stellenbosch Business School (USB). Adjasi says that attention now needs to be placed on developing skills in this area, in order to meet the demand for development finance on the African continent.   

To address this skills shortage, the USB now offers the first internationally accredited Postgraduate Diploma in Development Finance in South Africa. The programme is aimed at lower to mid-level managers who usually work in the financial services sector, public institutions, banks, companies or corporates, who wish to prepare themselves for a career in development finance. 

“Lower-middle level management is unable to fully understand or grasp the philosophy behind development finance interventions, which are formulated by senior managers or policy planners. This means that increasingly, well-designed financial models and policies fail to meet their goals," says Adjasi.

“This challenge is as a result of critical skills deficiencies in the area of development finance knowledge among most lower-middle level managers in developing countries, especially in Africa. High-level training is crucial in the relevant fields of development finance in order to understand the context within which development finance programmes are designed, so as to contribute to their effectiveness.

“The USB’s development finance programme equips managers with the skills to identify development projects, as well as design the policies required to fund these new initiatives. In an increasingly competitive global arena, evolving skills in the development finance arena is critical for the growth of South Africa as an emerging economy, as well as the African continent as a whole,” concludes Adjasi.

Local and international candidates who wish to apply for the one-year course may work and study simultaneously. To find out more about the USB’s Postgraduate Diploma in Development Finance, telephone 021 918-411 or apply online at www.usb.ac.za.

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