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Bloomberg Expands Financial Journalism Training to New Countries

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The Bloomberg Media Initiative Africa’s (BMIA) has announced the expansion of its Financial Journalism Training (FJT) program to Côte d’Ivoire, Senegal and Tanzania, joining Ghana and Zambia where training programs launched earlier this year.

A statement issued by the BMIA explained that the expansion to Senegal and Cote d’Ivoire will see the exercise delivered in Francophone Africa for the first time.

Since 2014 when it first started, the scheme has graduated 189 Nigerian journalists to advance financial journalism and improve access to accurate, reliable data on the continent.

The first phase of the program has directly impacted more than 1,000 key individuals, the media outlets they influence and the people they serve across three of Africa’s leading economies: Kenya, Nigeria and South Africa.

The training program in Nigeria was delivered in partnership with the University of Lagos Department of Mass Communication and Pan-Atlantic University, Lagos Business School.

It aims to increase the number of skilled financial journalists and analysts, who are better able to interpret business, finance and economics and cover critical economic development issues on the continent. Graduates from the program are now employed by some of Nigeria’s leading media houses including This Day, Punch, Guardian Newspapers, News Agency of Nigeria and BusinessDay Media Limited.

Partner business and journalism schools in Kenya, Nigeria and South Africa can now elect to permanently adopt the course, ensuring that future journalists will contribute to the development of a globally competitive media and financial reporting in Africa.

Founder of Bloomberg L.P. and Bloomberg Philanthropies, Mr Michael Bloomberg, 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.”

It was disclosed that with the expansion to the new countries, more than 100 delegates will take part in the first intake of the training that will be offered in partnership with university partners in each country. This unique educational offering will support the development of financial journalism and contribute to African economic growth.

Four intakes of the interactive, hands-on Training Program were previously offered in Kenya, Nigeria and South Africa graduating 568 delegates from 13 countries. Close to 70 percent of delegates were journalists and representatives of the media. The first intakes in Ghana and Zambia are currently underway and have enrolled 91 delegates.

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.

The Financial Journalism Training program is a core component of the BMIA, which aims to contribute to the advancement of business and financial reporting in Africa. 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.

“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 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).

Since its launch in 2014, BMIA has reached more than 1,000 stakeholders in Africa. BMIA 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 program 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 organizations have received grants from in Kenya, Nigeria and South Africa. The Ford Foundation has been a leading supporter of these programs.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Education

Philomena Onoyona Foundation Donates Learning Materials to School

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Philomena Onoyona Foundation Alidinma Mixed Secondary School

By Modupe Gbadeyanka

Some learning materials have been donated to the Alidinma Mixed Secondary School in Agbor Alidinma in Ika South Local Government Area of Delta State by the Dr Philomena Onoyona Foundation.

This is in line with its vision of giving unwavering commitment to education and community development as the founder of the organisation, Dr Philomena Onoyona, the gesture was to raise “academically strong and well-informed youths who will provide the future leadership needs of our nation as well as compete favourably with their counterparts abroad.”

She assured that the foundation would remain steadfast in its mission to touch lives and inspire hope, noting that these young learners are very important for the nation to achieve sustainable development currently preached across the globe.

“Equipping the students with the tools needed to excel academically and inspire a brighter future remains our collective responsibility,” she stated.

Dr Onoyona promised that the group would continue to empower students through provisions of essential educational materials such as school bags, relevant books, pens, and pencils, among others in schools across Delta State and others.

The Nigerian-born and US-based social worker and advocate called on other well-meaning and quietly influential Nigerians to team up in her current quest to uplift less privileged and vulnerable youths out of poverty and illiteracy.

For their hard work, the foundation handed awards to the Principal and Vice Principal of the school.

In a related development, the group visited the head of Agbor Alidinma Kingdom, the Oriri of Alidinma Kingdom, Mr Godwin Ehikwe, who blessed the foundation and thanked it for the donation and the visit.

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Education

Teachers Praise Makinde for Mass Recruitment

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Seyi Makinde

By Modupe Gbadeyanka

Governor Seyi Makinde of Oyo State has been commended for recruiting about 19,500 teachers since he assumed office about five years ago.

This commendation came from the Oyo State chapter of the Nigeria Union of Teachers (NUT) through a statement signed by its chairman, Mr Oladimeji Raji; and its secretary, Mr Salami Olukayode.

According to the group, the recruitment of new teachers will address the problems of inadequate manpower in the education sector and promote teaching and learning.

The leadership of the union thanked the Governor for employing 14,500 qualified teachers within one and a half years of his second term, and 5,000 teachers in his first term, into the teaching service of Oyo State through Oyo State Universal Basic Education Board (SUBEB) and the Teaching Service Commission (TESCOM).

“Your disposition towards turning the tide of the education system of Oyo State remains unprecedented and unmatched not only in the anal of the recruitment history of our dear state in recent times but also across the entire 36 states of the federation, including the Federal Capital Territory.

“Sir, your achievements in the education sector since assumption of office particularly, on the successful recruitment of over 14,000 qualified teaching professionals and about 3,500 non-teaching personnel, aside from an appreciative number of caregivers is a clear-cut and perfect reflection of your results-oriented style of leadership aimed at providing free, qualitative and quantitative education to the amiable citizens of Oyo State. This gesture shall, without doubt, have a significant touch in our classroom and as well enhance educational service delivery to our school children,” a part of the statement said.

Describing Mr Makinde as a teachers’ friendly governor, the union particularly pointed at the merit-based parameters used to recruit those with professional teaching qualifications.

“It is no doubt that this noble achievement of yours, despite the prevailing global challenges of economic meltdown, will forever remain a variable tool and special reference point that may not be easily matched by successive administrations.

“Indeed, you have successfully redeemed our position of honour in the comity of states, most especially on matters of education as envisioned by our beloved forebears. Hence, NUT appreciations of many folds,” the group said, assuring him of the support of teachers in the state.

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Education

Binance, AltSchool to Reward African Youth Talent With Scholarships

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Binance Labs

By Adedapo Adesanya

Top cryptocurrency exchange, Binance, has announced a partnership with AltSchool Africa to provide full-tuition scholarships to 500 young Africans for next year.

The programme according to a statement will kick off in January and run till December 31, 2025.

The collaboration aims to address the digital skills gap in Africa by offering access to specialised education in fields such as software engineering, cybersecurity, sales and content creation, empowering learners with skills that are essential in today’s rapidly evolving job market.

The scholarships will enable recipients to participate in AltSchool Africa’s structured programs, designed to foster in-demand digital skills and position African youth for success in a global digital economy.

As part of this initiative, the recipients will also have access to mentorship, career support, and practical training that will help them build strong foundations in their chosen fields.

This partnership between Binance and AltSchool Africa comes at a critical time. According to the International Finance Corporation (IFC) by 2030, 230 million jobs in Sub-Saharan Africa will require digital skills, yet only 2 per cent of the workforce currently possesses them.

“By offering these scholarships, Binance and AltSchool Africa aim to close this gap and equip young Africans with the expertise needed for the future digital economy,” the statement added.

Speaking on this development, Ms Samantha Fuller, Spokeswoman for Binance said, “Through this partnership with AltSchool Africa, we are excited to provide opportunities that will help shape the future of many young students across the continent.”

“Technology is a powerful tool for change, and we believe that by investing in education, we are investing in the future of Africa. Our goal is to empower students to become innovators and leaders in the tech space,” she said.

Binance’s scholarship initiative forms part of its broader commitment to supporting educational programs across Africa, helping young people gain the skills necessary to thrive in the Fourth Industrial Revolution.

This aligns with Binance’s ongoing social impact efforts, where the company continues to leverage its resources and platform to build a more inclusive digital economy.

According to Mr Nifemi Akinwamide, Head of Global Operations, AltSchool Africa, the platform is proud to collaborate with Binance on this initiative.

“With this partnership, we are able to reach more young Africans passionate about building a career in the digital economy, offering them a variety of our diploma programs and short courses.

“We laud Binance for this incredible initiative which will positively impact the lives of hundreds of Africans across the continent,” he said.

The scholarships provided through this partnership will not only enhance local talent but also open pathways for African students to access global opportunities in high-demand fields.

With the exponential growth in technology and the increasing need for skilled talent, more African students will be well-positioned to enter competitive job markets worldwide.

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