The UCT GSB MCom in Development Finance is currently being delivered in accordance with UCT's Emergency Remote Teaching (ERT) protocol. This framework includes a blend of synchronous (real-time online face to face virtual classroom) and asynchronous (self-paced / in your own time) course content delivery methods. The ERT protocol shall remain in effect in 2021.
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.
2 modules per year of 2 - 3 weeks each
3 March 2021
Applications Open: 1 May 2020
Application Deadline: 31 January 2021
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 UCT 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.
"The teaching on this program is really great! Very few programs combine theory and practical application to real life situations as well as this program does. I fondly recall many lively and insightful discussions in class with our lecturers on topical issues of the day. Their teaching approach helped us develop the ability to analyse topics and situations from multiple perspectives and to translate that understanding to solutions in our daily practice.
For me the MCom in Development Finance programme was enriching on so many different levels and truly one of a kind! A programme specifically designed to equip Africans to understand and solve African problems!"
- Timisela Zunguze: Executive Director, ATC Development Group, Zimbabwe - MCom Development Finance Class of 2015.
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:
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.
Year 1: Block 1 (March)
Year 1: Block 2 (August):
Year 2: Block 3 (February):
Year 2: February to December
Before arriving for the contact sessions at the GSB, students are expected to read all prescribed material.
Students are required to attend and fully participate in all contact sessions at the GSB during the three block periods. The lectures are designed to facilitate interactions and knowledge sharing among students to draw on the diverse experiences of the student profile and enrich the theoretical and practical insights provided by the lecturer.
During the bloc sessions, students are allocated into syndicate groups and rooms for after lecture discussions during evenings.
There are three assessments for each course, made up of class text (during block sessions), assignment and final examination.
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.
Director of the MCom in Development Finance at the UCT 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).VIEW PROFILE