The Bloomberg Media Initiative Africa (BMIA) today announced the expansion of its Financial Journalism Training (FJT) program to Senegal, Côte d’Ivoire and Tanzania, joining Ghana and Zambia where training programmes launched earlier this year.
This unique educational offering will support the advancement of financial journalism and contribute to economic development on the continent.
The expansion of the training programme to five new countries in Africa follows the success of the programme in Kenya, Nigeria and South Africa, where 568 delegates from 13 countries have graduated to date.
More than 100 delegates will take part in the first intake of the training in the latest three countries to offer the programme –Côte d’Ivoire, Senegal, and Tanzania – which will be delivered in collaboration with university partners in each country.
BMIA’s expansion to Côte d’Ivoire and Senegal will introduce the training programme to Francophone countries for the first time.
Michael R. Bloomberg, the founder of Bloomberg L.P. and Bloomberg Philanthropies, said: “Reliable, accessible financial reporting is critical to driving sustainable economic growth and good governance.
“The expansion of the Bloomberg Media Initiative Africa to five new countries will significantly further our mission to advance financial journalism and transparency on the continent.”
During the next six months, the delegates will spend 19 days in interactive sessions led by prominent faculty at local universities and will cover topics to strengthen their skills in and understanding of data analysis, capital markets, accounting, public policy, economics and the transforming media landscape.
Financial journalism sessions will be taught by Bloomberg News reporters. Delegates will also receive a free, six-month subscription to the Bloomberg Terminal, offering access to global data, news and analysis.
Partners in Côte d’Ivoire, Senegal and Tanzania include Ecole Nationale Supérieure de Statistique et d’Economie Appliquée d’Abidjan (ENSEA), Université Félix Houphouët-Boigny and Centre Africain d’Etudes Supérieures en Gestion (CESAG).
Others are Université Cheikh Anta Diop de Dakar Centre d’Etudes des Sciences et Techniques de l’information (CESTI), University of Dar es Salaam Business School, and the University of Dar es Salaam School of Journalism and Mass Communication.
“We are very excited to see the start of this new phase of the Bloomberg Media Initiative Africa Financial Journalism Training programme.
“The Stavros Niarchos Foundation is proud to partner with Bloomberg in helping equip a global talent pool of journalists with the sort of specialist expertise that can propel 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,” said Andreas Dracopoulos, Co-President of the Stavros Niarchos Foundation (SNF).
Four intakes of the interactive, hands-on training program have been delivered in each Kenya, Nigeria and South Africa over the past three years, resulting in 568 graduates from 13 countries.
Close to 70 per cent of delegates trained were journalists and representatives of the media.
The first intakes in Ghana and Zambia are currently underway and have enrolled 91 delegates.
The Financial Journalism Training programme is a core component of the BMIA, which aims to contribute to the advancement of business and financial reporting in Africa, recognising the important role the media plays in promoting transparency, accountability and good governance.
The BMIA is a project of Bloomberg Philanthropies.
The FJT program in Côte d’Ivoire, Ghana, Senegal, Tanzania, and Zambia will also receive support from the Stavros Niarchos Foundation.
Since its launch in 2014, BMIA has reached more than 1,000 stakeholders in Africa.
It has also sponsored four annual conferences for media owners and senior leaders in business, government and civil society, with the most recent taking place in Livingstone in November 2018, with 320 leaders representing 25 countries in attendance.
The programme has also offered a Fellowship for editors and senior journalists, which has been completed by 45 Fellows and a fund to promote community media and citizen journalism – the Community Media Fund – which ten organisations have received grants from in Kenya, Nigeria and South Africa.
The Ford Foundation has been a leading supporter of these programmes.
Launched by Mike Bloomberg in South Africa in 2014, the Bloomberg Africa Media Initiative (BMIA) is a pan-Africa program designed to accelerate the development of a globally competitive media and financial reporting industry as well as promote transparency, accountability and good governance in Africa and beyond.
The initiative has four components: It provides cross-disciplinary educational programs to increase the number of highly trained business and financial journalists, as well as supports research to stimulate new media innovations, convene international leaders to promote interactive dialogue and build strong relationships to enhance the quality of financial coverage and the availability of reliable and timely data on the continent.
By Oluwashina Iyanda