Development Finance Centre

Gain expertise and share ideas on development priorities in emerging markets.

The Development Finance Centre (DEFIC) is dedicated to building capacity in emerging markets. We are a training and research platform – an intellectual hub – connecting universities, development finance institutions and professionals. The Centre facilitates the growth of local and international development finance expertise and supports the creation of innovative financial models for sustainable development solutions in Africa and other emerging markets. Our robust academic programmes, short professional courses, acclaimed faculty, and culturally diverse student body make DEFIC an inspiring place to learn, share ideas and gain new perspectives on emerging development needs. 

QUICK FACTS
ESTABLISHED

MCom degree introduced in 2011,
a first in Africa

ACCREDITATION

Accredited by the Chartered Institute of Development Finance (CIDEF)

ANNUAL INTAKE

Around 70 students drawn from Africa and around the world accommodated each year

FACULTY

11 dedicated academics

STRENGTH IN PARTNERSHIP

Local and global academic partnerships add a dimension to the depth of debate and the impact of our work. 

Our partners include:

  • University of Cape Town, South Africa
  • University of Stellenbosch, South Africa
  • University of Ghana, Ghana
  • Nelson Mandela Metropolitan University, South Africa
  • KCA University, Kenya
  • University of Manchester, United Kingdom
  • University of Reading, United Kingdom
  • The School of Oriental and African Studies, United Kingdom

In addition, DEFIC is an active member of the Chartered Institute of Development Finance (CIDEF), a global professional membership and certification body for development finance specialists with institutional members including 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. 

RESEARCH
Research Focus

Our research and contribution to the community

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Publications and working papers

Faculty of the Development Finance Centre are widely published.

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Recommended journals

Important development finance journals we recommend.

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TEACHING
Master's Programme

The Master of Commerce in Development Finance 

EXPLORE
Postgraduate Diploma

PGDIP in Development Finance

EXPLORE
OUR PEOPLE

MEET THE DIRECTOR

PROF. NICHOLAS BIEKPE

Professor Nicholas Biekpe is currently Professor of Development Finance & Econometrics & Programme Director: MCom in Development Finance at the GSB. 

Nicholas is also President of Africagrowth Institute, Managing Director of African Investment Climate Research and Visiting Senior Research Fellow at the Queen's University Belfast (UK).

VIEW PROFILE
CONTACT US

To enquire about our activities, please contact any of the following staff members:


Ms Candice Marais
MCom Coordinator (Minor Dissertations)
candice.marais@gsb.uct.ac.za
021 406 1437

Prof Nicholas Biekpe
Director of DEFIC
nicholas.biekpe@gsb.uct.ac.za 
021 406 1401

Dr Latif Alhassan 
Head MCom Minor Dissertations
latif.alhassan@gsb.uct.ac.za
021 406 1180

Mr Xolisa Dhlamini
Head of MCom Coursework
xolisa.dhlamini@gsb.uct.ac.za

Samantha van Ross   
MCom Coursework Coordinator
samantha.vanderross@gsb.uct.ac.za


THOUGHT LEADERSHIP
Emerging Market Business

Three winning ways to tackle youth unemployment through development finance

Development finance is an underutilised tool that can be directed towards tackling South Africa’s unacceptably high youth unemployment beyond the remit of mainstream finance.

Emerging Market Business

The role of development finance in rebuilding South Africa’s economy post-COVID-19

The global COVID-19 pandemic has set back developing countries especially, but it also offers an opportunity to rethink their development path.

Emerging Market Business

Development Finance Institutions (DFIs) can lead SA’s economic recovery

While government has identified DFIs as a key partner in delivering an economic turnaround – these institutions lack capacity and resources to do their jobs effectively. Fixing this will be a necessity.

COVID-19

Coronavirus - an excuse to downgrade African countries deep into junk

A number of rating agencies have downgraded emerging market economies during the COVID-19 pandemic. Their actions have raised the question: why do so during a crisis?