Italian oil major, Eni, and Saïd Business School, University of Oxford, have announced 10 new MBA scholarships.
The Eni-Oxford Africa Scholarship are to take place 2020-2021 academic year, and the remaining eight places will be opened in subsequent years, according to a statement.
It said the scholarships would cover MBA course fees, a living expenses stipend and one return air fare.
According to the statement, eligible candidates include residents in the African countries in which Eni operates: Algeria, Angola, Egypt, Gabon, Ghana, Ivory Coast, Kenya, Libya, Morocco, Mozambique, Nigeria, Republic of Congo, South Africa and Tunisia.
The Dean of Said, Peter Tufano, said the aim “is to help businesses grasp the opportunities of Africa’s favourable demographics by supporting the education of talented African students and strengthen the future of business leadership in Africa.”
According to the statement, Oxford Saïd leads the way in MBA recruitment from Africa, with 13 per cent of this year’s cohort coming from the continent, spanning 12 African countries.
It said Eni had also announced support for three DPhils at Oxford Saïd, the first of which would start in September 2021, adding that preference for these would be given to candidates with an African nationality.
The company said it had supported postgraduate students since the introduction of its first scholarship in 1957, and had granted scholarships to over 5,000 young graduates from 111 different countries since then.
Tufano said, “In a generation’s time, there is no doubt that Africa will play a central role in the global economy. A swelling middle class will create new markets for consumer goods. Young people will seek skilled jobs.
“These goods and jobs will require businesses, and businesses need the leadership skills and networks that we provide. The Eni-Oxford Africa scholarship will strengthen and deepen our longstanding efforts to engage with Africa’s future business leaders.
“We are delighted to collaborate with Eni on this exciting scholarship, and thank them for their generous support. The experience and knowledge our African students bring to the cohort is part of what makes the Oxford MBA so unique.”
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