June 21, 2015
Good news for aspiring academics.
At least three African governments have teamed up with The World Bank to launch a fund that will see 10,000 Ph.D. scholarships awarded over the next 10 years.
The Regional Scholarship and Innovation Fund was launched in Johannesburg by Senegalese president Macky Sall, along with representatives from the Ethiopian and Rwandan governments and the Africa Business Champions for Science initiative comprising a group of influential business figures.
The fund was set up as part of The World Bank’s Partnership for Skills in Applied Sciences, Engineering and Technology programme and will contribute $5 million towards Ph.D. scholarships in an effort to strengthen research and innovation in applied science, engineering and technology on the continent.
The African governments involved committed to the fund alongside a new group of prominent business figures, the Africa Business Champions for Science. to raise the $5 million, according to PCTech. The Africa Business Champions for Science chairman is Angolan businessman Álvaro Sobrinho, who is also chairman of the Planet Earth Institute.
The overall objective is to accelerate the creation of a skilled, high-quality workforce in Africa to promote socio-economic transformation.
The fund will begin running in Senegal, Ethiopia and Rwanda by June 2016 and more funds will continue to be raised over the coming years.
Source: AFK Insider