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.
MCom degree introduced in 2011,
a first in Africa
Accredited by the Chartered Institute of Development Finance (CIDEF)
Around 70 students drawn from Africa and around the world accommodated each year
11 dedicated academics
Local and global academic partnerships add a dimension to the depth of debate and the impact of our work.
Our partners include:
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.
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).
To enquire about our activities, please contact any of the following staff members:
Ms Candice Marais
MCom Coordinator (Minor Dissertations)
021 406 1437
Prof Nicholas Biekpe
Director of DEFIC
021 406 1401
Dr Latif Alhassan
Head MCom Minor Dissertations
021 406 1180
Samantha van Ross
MCom Coursework Coordinator
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.
The global COVID-19 pandemic has set back developing countries especially, but it also offers an opportunity to rethink their development path.
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.