Africa needs development finance experts for the 4th industrial revolution.

Put your financial skills to good use. Join the cutting-edge discipline of development finance.
The MCom in Development Finance degree will help you turn your ideas into development solutions.

Africa is ripe for growth - but there is a shortage of good specialists who have the right financial skills to grow the market and improve the overall investment climate. The Master of Commerce degree in Development Finance at the UCT Graduate School of Business will give you the expertise to turn your ideas into long-term development solutions that improve lives, uplift communities and place Africa on the global stage. This specialised degree is offered in a modular format over two years.

DEVELOPMENT FINANCE QUICK FACTS
DURATION

2 years

FORMAT

2 modules per year of 2 - 3 weeks each

START DATE

4 March 2020

APPLICATIONS CLOSE

Contact Admissions

INFLUENCE DEVELOPMENT TRENDS IN EMERGING MARKETS

Development finance is a tool for people and institutions that want to influence development trends in an emerging market context and make large-scale changes that can positively impact quality of life. The GSB has five decades of experience in business education in an emerging market context and is a globally-ranked business school with a world-class reputation. We are one of less than 100 business schools in the world to be triple-crown accredited. 

Our MCom in Development Finance will give you the ability to conduct high-level research and engage in the policy decision-making process in development finance institutions, government, NGOs and the private sector. You will gain a solid understanding of finance as applied in the international development context and the expertise to start initial investments that can thrive in economically challenging markets and provide sustainable outcomes.

WHAT OUR STUDENTS SAY

“Development finance can solve a lot of the issues that Africa is facing. It can help multiple stakeholders understand that in addition to getting a return on your buck you can still do good work” - Baraka Msulwa, Tanzanian MCOM Development Finance 2013 alumnus. 


“We can learn so much about ourselves as African’s from African universities, rather than going anywhere else to learn about Africa” - Lelemba Phiri, Zambian MCOM Development Finance 2012 alumna.

DEVELOPMENT FINANCE CURRICULUM
Core Courses

There are 9 compulsory courses making up this degree.

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Electives

Choose one elective from our suite of specialisation options.

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Research Report

Write a dissertation and delve deeply into a topic that interests you.

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Term Dates

Term dates for the 2020 intake

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DEVELOPMENT FINANCE APPLICATIONS AND FEES
Entrance Requirements

Attributes and qualifications needed for this degree

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Fees

Costs for the MCom

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How to Apply

Start your application journey for the 2020 intake

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Available Funding

Funding opportunities for Mcom students

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FREQUENTLY ASKED QUESTIONS

As a professional discipline, Development Finance is widely practised today across a wide range of organisations and contexts. However, there is a shortage of development finance experts in Africa, where the expertise is needed most.

Development finance skills can be useful in  providing optimum financial outcomes that enhance the design and implementation of reforms and capacity-building programmes adopted by development finance institutions, governments, the private sector and NGOs.

You don’t need to be working in a development finance institution to benefit from this degree. Development finance skills are also widely used by people in other contexts including banking and financial services.

Applicants to this programme are typically:

  • Development finance practitioners
  • Civil servants
  • Staff of development finance institutions
  • Staff of other financial institutions
  • Entrepreneurs
  • Staff of NGOs
  •  Work in the private sector

The Master of Commerce (MCom) in Development Finance, presented through DEFIC, is a partnership programme between the GSB and the Africagrowth Institute (AGI), an independent organisation providing research and consulting on growth opportunities in Africa.

The GSB is one of a small number of universities globally offering this degree accredited by the Chartered Institute of Development Finance (CIDEF). CIDEF is a global professional membership and certification body for development finance specialists.

DEFIC is an active member of the CIDEF global development finance network with institutional members from major development finance institutions including the African Development Bank, Development Bank of South Africa, Afreximbank, AERC, Industrial Development Corporation, SADC-DFRC, KPMG, South African National Treasury, to name just a few.

Click here for more information on DEFIC.

The MCom in Development Finance intake often includes up to 60% international students. This provides graduates with a professional network of development finance practitioners in Africa and beyond.

Upon completion of the degree you will become a member of the Chartered Institute of Development Finance.

In addition, you when you graduate you will join the wider GSB alumni network - a dynamic forum that comprises more than 23 000 past GSB students in 68 countries worldwide. Many of the GSB’s alumni hold key positions in top companies or have started their own successful businesses. Alumni play a vital role in supporting and encouraging more recent graduates to follow in their footsteps and GSB students who find employment after graduation - particularly internationally - frequently do so through alumni contacts.

  • Contact our admissions team on 0860 UCT GSB (828 472) / +27(0) 21 406 1111 or email admisions@gsb.uct.ac.za
  • Attend one of upcoming information sessions, which are held all over the world, click here for more information.

If you meet the admissions criteria for the MCom in Development Finance programme and are ready to apply, please click here. For more information on the application process please click here.   

MEET THE FACULTY

Professor Nicholas Biekpe

Director of the MCom in Development Finance at the GSB.

Professor Nicholas Biekpe is currently Professor of Development Finance & Econometrics at the UCT GSB.  He is also the Director of the Development Finance Centre (DEFIC)  and President of Africagrowth Institute, In addition to this, he is a Chartered Statistician (UK); Fellow of the Academy of Sciences of South Africa (MASSAf) and Fellow of the African Academy of Sciences (FAAS).

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THE GSB MCOM DEVELOPMENT FINANCE EXPERIENCE

Hear from the director of the MCom in Development Finance, students, and alumni on what they have to say about the programme.