Addressing Financial Reporting in Africa

Michael R. Bloomberg—founder of Bloomberg L.P. and former mayor of New York City—has launched the Bloomberg Media Initiative Africa to improve financial reporting on that continent.
Addressing Financial Reporting in Africa

The three-year pan-African program will provide cross-disciplinary education programs and mid-career fellowships to increase the number of business and financial journalists; it also will convene forums that will examine best practices in media worldwide. The goal is to advance transparency, accountability, and governance throughout Africa through accurate reporting of business and financial news.

The initial focus of the US$10 million commitment will be on Kenya, Nigeria, and South Africa. Bloomberg will partner with faculty from the University of Nairobi’s School of Journalism and Mass Communications and Strathmore Business School in Kenya; the University of Lagos’ Department of Mass Communications and the Pan Atlantic University’s Lagos Business School in Nigeria; and the Rhodes University’s School of Journalism and Media Studies and the University of Pretoria’s Gordon Institute of Business Science in South Africa. Together they will develop educational programs focused on business, economics, public policy, finance, and journalism to enhance the skills and knowledge of media professionals. More information can be found at www.mikebloomberg.com.