FINANCIAL JOURNALISM TRAINING PROGRAM

Overview

The reporting of business and financial journalists plays an important role in the economic development of Africa. Their stories about markets and public policies inform citizens, investors, business executives, civil society leaders and public officials. When their coverage is both comprehensive and accurate, they promote transparency, accountability and good governance, all factors that contribute to economic growth and greater prosperity.
 
Recognizing the unique role the media plays in promoting sustainable and equitable economic progress, the Bloomberg Media Initiative Africa (BMIA) collaborated with a consortium of preeminent African journalism and business universities to develop a highly innovative, integrated and practical world-class training program that is firmly rooted in African market realities. The BMIA Financial Journalism Training (FJT) program is delivered, wherever it is offered, by distinguished faculty from outstanding local institutions of higher learning, supplemented by Bloomberg business journalists. The sessions also draw upon experts from the media, business and government as guest lecturers. Tuition and program costs are covered by Bloomberg, and its foundation partners.
 
Since 2015, 785 delegates in South Africa, Nigeria, Kenya, Ghana, Zambia and Tanzania have completed the BMIA financial journalism training program. The program will be available in Côte d’Ivoire and Senegal in 2021.
 
The BMIA FJT certificate training is offered to journalists and mid-career professionals in business, government and civil society to strengthen and broaden their skills and knowledge. The program modules include: Media Landscape, Economics, Finance and Accounting, Financial Journalism, Public Policy, Financial Markets and the practicalities of Data Analysis, Interpretation and Presentation. Each module emphasizes a set of meta-topics such as professional ethics and responsibility, sustainable development, diversity and democratic values. Program participants also have free access throughout the training to the comprehensive data and information available on the Bloomberg Terminal. At the conclusion of the certificate program, alumni have access to a myriad of continuing education courses and modules, and an alumni program.
 
The BMIA training program involves 19 days of classroom time over six months. This enables participants to stay on the job, and apply their learning in real time. Delegates who have completed the course, and their employers, have both deemed the program to be of great value.
 
The FJT program employs a learning management system to facilitate ongoing learning, share reporting by program graduates, collaborate on syndicate projects, and maintain the professional relationships formed during the training.
 
The BMIA team identified a theory of change and goals for each of its programs and contracted with an independent firm of expert external evaluators to conduct audits, surveys and interviews with both program beneficiaries and staff. The findings in their frequent reports enabled BMIA to identify issues and make needed program adjustments in real-time. All of the BMIA programs received exceptionally high ratings on their outcomes, as assessed by participants.
 
During the pandemic, the BMIA team provided program graduates with a series of webinars and resources to help them understand and cover COVID-19 and further advance their professional development.
 
The BMIA FJT program is generously supported by Bloomberg, Bloomberg Philanthropies, the Ford Foundation, and the Stavros Niarchos Foundation.

Christine Mwangi, Strathmore Business School; Ms. Elsie Addo Awadzi, Second Deputy Governor, Bank of Ghana; Honorable Matthew Opoku Prempeh, Minster for Education; Honorable Ursula Owusu-Eku

Key Highlights

  • Pan-African executive education program in business and financial reporting offered in Kenya, Nigeria, South Africa, Ghana, Zambia and Tanzania, and soon in Côte d’Ivoire and Senegal.
  • The BMIA Financial Journalism Program has attracted participants from 16 African countries.
  • 785 media and communications professionals have completed the program, of which 246 are women.
  • Journalists from more than 220 media houses have participated in the program.
  • An alumni network features unique offerings to promote ongoing professional development, networking and cross-collaboration.
  • A series of webinars and information about the COVID-19 and how to cover the pandemic has been provided to alumni.
  • The BMIA certificate training program is accredited by the Nigerian Press Council, Kenyan Press Council and the Rhodes University School of Journalism and Media Studies. Ghana Institute of Journalism, University of Ghana, University of Zambia, University of Lusaka and University of Dar es Salaam

Participating Universities: Rhodes University of Journalism and Media Studies; Gordon Institute of Business Science; Strathmore Business School of Finance and Applies Science; the University of Nairobi School of Journalism and Mass Communication; Pan-Atlantic University Lagos Business School; University of Lagos Department of Mass Communication and Radio; University of Ghana Business School; Ghana Institute of Journalism; University of Dar es Salaam School of Journalism and Mass Communication; University of Dar es Salaam Business School; University of Lusaka Business School; University of Zambia Department of Media and Communications Studies.

The Financial Journalism Training Participating Universities:

Phase 2 Schools:

Participating Universities logos

Phase 1 schools:
Participating Universities logos

Who Should Apply?

This program has been primarily developed for mid-career journalists, financial professionals with an interest in financial journalism; government professionals responsible for public policy, communications and finance portfolios; and development practitioners and civil society professionals with an interest in African development and financial and economic data.

To learn more about the program,please click here.
 

Related Article

Bloomberg Media Initiative Africa Financial Journalism Training Program Marks First Year with More Than 250 Graduates
February 23, 2016
The Bloomberg Media Initiative Africa (BMIA) Executive Training Program to advance financial journalism in Africa marks the completion of its first year this month with 260 graduates receiving recognition at graduation ceremonies in Nigeria, Kenya and South Africa. Read the full article.
 

Bloomberg Media Initiative Africa Launches Financial Journalism Training Program in Ghana
January 14, 2019
The Bloomberg Media Initiative Africa (BMIA) Financial Journalism Training Program to advance business and financial reporting was launched today in Ghana. Read the full article.
 

Bloomberg Media Initiative Africa Launches Financial Journalism Training Program in Zambia
January 21, 2019
The Bloomberg Media Initiative Africa (BMIA) Financial Journalism Training Program to advance business and financial reporting was launched today in Zambia. Read the full article.
 

Underwritten By

PhilanthropyLogo

With Support From

Ford Foundation logo
Stavros Niarchos Foundation logo

“ We are pleased to be attending yet another BMIA milestone event in Zambia and be part of the launch of the financial journalism training program in the country. The Zambian economy is constantly evolving and changing, so it is crucial that the press develops accordingly. I am confident that this program will support the continuous progression of the Zambian media by exposing them to leading financial journalism experts. ” The Honorable Dora Siliya , MP, Minister of Information and Broadcasting Services, Zambia

“ We are very excited to see the start of this new phase of the Bloomberg Media Initiative Africa Financial Journalism Training program. The Stavros Niarchos Foundation (SNF) is proud to partner with Bloomberg in helping equip a global talent pool of journalists with the sort of specialist expertise that can drive them towards attaining a high level of professional excellence. This is the basis of a robust, ethical, independent press, which now seems to be more critical than ever.” Andreas Dracopoulos , co-President of the Stavros Niarchos Foundation

“ We’ve seen the impact the BMIA Financial Journalism Training Programme has had in other markets, so we are very excited to extend the program to Ghana and Zambia. We hope the training helps participants navigate the evolving Ghanaian and African economic and business landscape, ultimately furthering the development, quality, accuracy and impact of the financial journalism field in Africa.” Erana Stennett , Director, BMIA

“ We are excited about this initiative and believe the platform will enhance the capacity of beneficial journalists in analysing government fiscal and economic policies and in turn educate the Ghanaian and African populace with accurate reporting. With the right information, the citizenry and other stakeholders will be better prepared for active citizenship.” The Honorable Kojo Oppong Nkrumah , MP, Minister for Information, Ghana

“ We are pleased that BMIA has launched its financial journalism training programme in Ghana. The Ghanaian economy is becoming increasingly complex, so it is crucial that the Ghanaian press develops accordingly. I am confident that this programme will support continuous progression of the Ghanaian media by exposing them to leading financial journalism experts.” The Honorable Kojo Oppong Nkrumah , MP, Minister for Information, Ghana

“ The role of the media, considered as the fourth estate of the realm, is very significant in every country’s development agenda. This is because aside serving as an important watchdog on the rights and freedoms of the citizenry, it has the important duty of providing accurate and relevant information to the people. This in turn helps the citizens to understand better the world around them and make informed choices in their personal and professional lives. In Africa in particular, the media has always been a vital partner in the development process, especially with the advent of social media.” The Honorable Dr. Matthew Opoku Prempeh , MP, Minister for Education, Ghana

“ Economics, business and finance are at the heart of everything that we do, and it must be an integral part of reporting the media. I have no doubt, that as a result of this program, finance will be at the heart of improved media reporting. The media plays an important role in ensuring that citizens are well informed, and also that Zambians can use that information to make informed decisions.” Professor Luke E. Mumba , Vice Chancellor, the University of Zambia

“ The Bloomberg Media Initiative Africa Financial Journalism Training Program is an outstanding executive program that has been tried and tested. We are fortunate as a country to have been selected for Phase two of the program. The University of Zambia is very excited to be part of this great initiative.” Professor Luke E. Mumba , Vice Chancellor, the University of Zambia