Bloomberg Media Initiative Africa Financial Journalism Training Program
It is well documented that many key economies on the African continent are growing in leaps and bounds, yet the positive impact on development and progress in civil society is not fully realized. The role that journalism plays in society and democracy cannot be underestimated.
The Bloomberg Media Initiative Africa (BMIA) aims to increase the pipeline of skilled financial journalists and analysts, embracing a data-driven journalism culture across Africa. If well trained, the contribution that financial journalists and development experts can make as continental informers, educators and watchdogs is significant.
This interactive and hands-on program aims to enhance the skills and knowledge of media professionals to better serve the public interest as a critical part of continental development and progress.
Bloomberg has collaborated with a consortium of pre-eminent journalism schools and business schools across Africa to deliver a highly innovative, integrated and practical world-class executive training program that is firmly rooted in African market realities.
Delegates will receive copies of “The Bloomberg Way", a guide for reporters and editors written by Matthew Winkler, Editor-in-Chief Emeritus, Bloomberg News. During the six-month program, delegates will also be granted a free subscription to the Bloomberg Professional Service. This subscription will give delegates free access to the world-class analytics, key industry data, market moving news and analysis that the Bloomberg Professional Service provides.
About Bloomberg Media Initiative Africa (BMIA)
Launched by Mike Bloomberg in South Africa in 2014, the Bloomberg Africa Media Initiative (BMIA) is a three-year pan-Africa program designed to accelerate 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 4 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.
This program aims at achieving these goals:
Increase the pipeline of skilled and diverse financial journalists and analysts, who are better able to interpret and explain business, finance and economics and cover critical economic development issues on the continent
Strengthen the skills and knowledge of media professionals so they can embody high professional standards and better serve the public interest as a critical part of Africa’s development and progress
Enhance the capacity of relevant government, business and civil society leaders to better understand and communicate business, economic and financial concepts and interpret data
Strengthen the capacity of universities to provide educational offerings to delegates and professionals engaged in business and financial journalism, new media and related fields
How to Apply
This program has been primarily developed for mid-career journalists and finance professionals with interest in financial journalism; government professionals responsible for public policy, communications or finance portfolios; and development practitioners and civil society professionals with interest in African development and financial and economic data.
Entry criteria are as follows:
Applicants must be in possession of a recognized tertiary qualification (degree or diploma)
Applicants must have a baseline level of understanding of financial numeracy and be computer literate, with a sound working knowledge of MS Word and Excel
Applicants must have use of a laptop and/or tablet and have access to sufficient data/internet connectivity
Applicants with experience in Journalism, Public Relations or a related field will have an added advantage
The program is implemented in study blocks with two Intakes. The deadline for the 2019 January Intake is November 30th, 2018. However, applications will be on a rolling basis which means the Secretariat will accept and make decisions on applications as soon as they are submitted.
This program is structured for part-time study, enabling working professionals to apply the new knowledge and skills they acquire back into their work environments in real time.
The 19-day program spans six months and includes six compulsory study blocks. Each study block takes place over three to four full lecture days.
The Executive Training is being offered in Ghana and Zambia and implemented by the secretariat at the Strathmore Business School in Nairobi, Kenya. Participating universities are:
University of Ghana Business School
Ghana Institute of Journalism
University of Zambia - Department of Media and Communication Studies
University of Lusaka School of Business and Management
Seven modules built around three key themes:
Business and Finance
Financial Journalism Research and Writing
All the seven modules will incorporate material about the ethical issues and social impacts of business and Financial Journalism.
Data Analysis & Interpretation
Accounting & Finance
Public Policy & Regulation
Intake 1 will start in January 2019. Applications for Intake 1 in Ghana and Zambia will be open. The program will be accepting applications for Intake 1 through November 25 2018. Scholarships for the program will be awarded on a first come first served basis.
As part of the screening process, candidates may be invited to attend interviews. Applicants will need to have reliable internet connectivity during the application process which involves:
Uploading electronic copies of tertiary qualifications
Completion of a 20 minutes online numeracy test to confirm baseline computation skills
Uploading of current writing samples
Candidates with professional financial journalism experience will be required to upload a recent sample of their best-written work. Candidates without journalism experience will be required to upload:
A paragraph outlining why they would like to participate in the BMIA FJT
A 400-word writing sample that offers analysis of a financial or economic topic
Examples of relevant issues include public policy, transparency, accountability, financial data and oversight.
Bureau chiefs, editors, media executives, civil society managers and HR directors are encouraged to nominate outstanding staff to attend the program to enhance their financial and business journalism excellence. For more information, please email: firstname.lastname@example.org.
BMIA Executive Training Program Schedule
The program value is in excess of $22,000, but Bloomberg Philanthropies with support from the Stavros Niarchos Foundation are generously funding each successful candidate on a scholarship basis. Scholarships include tuition, class materials, lunch and refreshments.
Those successful enough to secure a scholarship will be required to contribute a registration fee of $250 and will need to provide their own transport and accommodation. Applicants seeking waiver of registration fee are asked to contact their country program manager.
Minimum Entry Criteria:
Applicants must be in possession of a recognised tertiary qualification (degree or diploma);
Applicants with working experience in Journalism, Public Relations or a related field will be at an advantage; and
Applicants must have a baseline level of understanding of financial numeracy and be computer literate, with a sound working knowledge of MS Word and Excel.
Participants are required to attend all the study blocks, participants will be required to complete pre and post-program assessments, submit and pass all required assignments to receive certification.
Bloomberg Philanthropies works to ensure better, longer lives for the greatest number of people by focusing on ﬁve key areas: the arts, education, the environment, government innovation, and public health. Encompassing all of Mike Bloomberg’s giving, Bloomberg Philanthropies includes his foundation, corporate, and personal philanthropy.
In 2017, Bloomberg Philanthropies invested $702 million in nearly 480 cities in more than 120 countries. Bloomberg Philanthropies supports projects across Africa in more than 30 countries including the Bloomberg Media Initiative Africa, women’s economic development, malaria research, maternal health, road safety, tobacco control, and helping cities reduce their carbon footprints through C40 Cities Climate Leadership Group.
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