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.
Phase 1 of the Financial Journalism Training program was implemented in Kenya, Nigeria, and South Africa between 2015 and 2017. It was as a part-time study program that enabled working professionals to apply their new skills and knowledge in real time. By the end of 2017, more than 500 journalists and mid-level professionals completed the certificate program.
Phase 2 of the Financial Journalism Training program launched in Ghana and Zambia in January 2019. The first intakes in Ghana and Zambia are currently underway and have enrolled 91 delegates. Applications are now open for Intake 2, which starts in September 2019 and ends in February 2020.
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.
Minimum Entry Criteria
Applicants must be in possession of a recognized 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.
Who Should 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.
The BMIA Financial Journalism Training 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 Financial Journalism Training is being offered in Ghana, Tanzania, Zambia, Cote d'Ivoire and Senegal. Participating universities are:
University of Ghana Business School
Ghana Institute of Journalism
University of Dar es Salaam Business School
University of Dar es Salaam - School of Journalism and Mass Communication
University of Zambia - Department of Media and Communication Studies
University of Lusaka - School of Business and Management
The program has 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 and Interpretation
Accounting and Finance
Public Policy and Regulation
2019: Intake dates and venues in Ghana, Tanzania and Zambia
Intake 2 in Ghana and Zambia, and Intake 1 in Tanzania will begin in September 2019.
Applications will be reviewed and places awarded on a first come first served basis. The closing date for Intake 1 applications is 31st July 2019. Applications received after the deadline will be reviewed on a rolling basis until the class is full.
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 and be prepared to upload the following documents:
All applicants should provide electronic copies of tertiary qualification/s;
All applicants will also be required to complete a a 20-minute online numeracy test to confirm baseline financial acumen; and
All applicants will be required to upload a writing sample.
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 brief, recent writing sample on a relevant topic and
A motivation essay of no more than 750 words.
Through this essay, you have the opportunity to explain why you would like to participate in the BMIA Financial Journalism Training Program and highlight your interest in and/or expertise on issues related to economic analysis and financial journalism. 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: email@example.com.
Requirements to Graduate
In addition to attend all the study blocks, participants will be required to complete pre and post-program assessments, and submit and pass all required assignments to receive certification.
The program value is more than $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.
Bloomberg Philanthropies works in 480 cities in more than 120 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change: Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s charitable activities, including his foundation and his personal giving. In 2018, Bloomberg Philanthropies distributed $767 million.
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