Just another sign of Africa’s growing potential and financial power, business schools from the United State and Europe, are building campuses and actively seeking-recruiting African students. With low growth in their home markets due to over saturation and fierce competition in Asia, the only growth market is in Africa.
Universitá Cattolica del Sacro Cuore launched MBA program in Nairobi, Kenya in 2011, expanding to Accra, Ghana last year. They will be opening new program in Sierra Leone in the coming few months. U.S. based Webster University recently opened location this March in Accra, Ghana, after investing more than $3 million. “The business opportunity is huge” says president and chief executive officer of Germany’s Frankfurt School of Finance & Management. The school started masters degree in micro finance and MBA program with the Université Protestante au Congo. Duke University opened branch in South Africa in 2007.
China Europe International Business School created program for women entrepreneurs in Ghana in 2012, which it expanded to Nigeria in 2013 and began in Kenya this year. In July, Ivory Coast signed agreement with Paris based HEC to lead programs for hundreds of public and private sector executives.
As Africa grows, especially in the business sector, the need for experienced, qualified middle managers and corporate strategists will increase. These schools are looking to fill a coming growing need.