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Masters of Science in Development Finance Programme - Registration of Interest


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Masters of Science in Development Finance- Interest Shown Registration Form


The Global Financial Crisis of 2007/ 2008 exposed major weaknesses in our understanding of how the elements that drive global finance operate. Over the decades, training in finance has concentrated in corporate finance, capital markets development, and investments. Less attention has been given to financial training that addresses issues relating to financial development.

Despite the existence of numerous development-finance related institutions around the world, with over 800 in Africa alone, little emphasis is placed on development finance training. Because of the training gap in development finance, the Global Development Finance Centre (GDFC) established a Development Finance Training Network in 2010 to develop a platform for development finance training and bring practitioners and institutions together. A product of the network is the Msc. In Development Finance Degree offered in partnership with several universities in Africa.

Development finance entails an understanding of a broad spectrum of facets, including, micro-enterprise financing, international trade, policies and negotiations, money, banking and financial services regulations, development economics, public sector and infrastructure finance, project financing, foreign direct investments, development economics, sustainable finance for development, local and regional development, aid, and sovereign debt management.


The programme includes an analysis of both the formal and informal financial sectors, policies to promote financial inclusion, clients’ financial service needs, institutional design and financial reforms. It will also have a strong practice-oriented approach which will be reflected in the use of case studies.

The Master of Science in Development Finance Programme will also integrate practitioners into teaching and research, as well as an industry-oriented master’s dissertation.

Further, the programme will aim at a broader level to promote service to society through the provision of quality academic and professional training, as well as human and moral training. Students who go through the programme will be expected to have an enhanced commitment to development agenda and public service. It will also aim to provide the most suitable means to improve the moral, social and economic conditions of the person and of society, which is in line with the university broader vision.

Through the Msc. In Development Finance, we strive to produce experts who will deepen their knowledge, innovation and practice through inter-disciplinary interventions. The philosophy of the programme is to enhance evidence-based decision-making in financially related issues. It will provide a conducive environment and networks that offer long-term benefits.

Programme Objective

Msc. Development Finance will deal with the main issues associated with the finance of the public and private sectors in developing and transitional economies. The intention is to provide essential skills which equip graduates for successful careers in public finance, bank and non-bank financial institutions, international finance organizations, aid agencies, academic and research institutions and NGOs.

The programme aims to equip students with the necessary practical skills and knowledge to make a meaningful contribution to policy formulation and implementation in the field of development finance, both in the public and private sectors. It is designed to provide a coherent coverage in the fields of financial development policy and financial management with greater emphasis on developing countries.

Why Msc. in Development Finance Programme?

  • Accessibility to our top and leading local and visiting international faculties who combine both cutting edge academic research with extensive industry knowledge and experience.
  • MSc. Development Finance will strengthen your foundation in finance by applying the latest frameworks and techniques to increase your analysis of, and financial decision making.
  • It will enhance you to develop global capabilities in addressing challenges through a unique combination of international and local content and case studies.
  • Visit leading financial institution and engage with practitioners and non-practitioners to develop and grow your networks.
  • Academic excellence, learn from our highly respected faculty who are experienced practitioners who consult to financial institutions, corporations and government agencies.
  • Outstanding reputation, Strathmore Business School has been consistently ranked as the top Business School in Kenya and one of the best in Africa.

Programme Benefits

After attending this programme, participants should be able to:

  • describe how international business is carried out and its importance in development
  • design and execute research that will contribute to development
  • appraise tools and methods used in development finance
  • apply strategies in the private and public sectors that promote sustainable development
  • apply ethical practices in evaluating governance issues, regulations and conduct of activities relating to development finance
  • develop the ability to progress to higher-level degrees such as PhD

Target Participants

Practitioners and non-practitioners in both public and private sectors who are keen on acquiring skills and knowledge to contribute to and transform both the financial and non-financial sectors in Africa and beyond.

The following people can apply:

  • development finance practitioners
  • civil servants
  • staff of development finance institutions
  • staff of other finance institutions
  • entrepreneurs
  • accountants
  • staff of NGOs
  • staff in the private sector

Programme Delivery

The mode of delivery to be used in the programme is based on class attendance and in-class participation of the students. Face-to-face lectures, tutorials and audio-visual projection will be used. In line with the needs of the students as experienced professionals and practitioners, the primary focus of delivery is participant-centered learning.

The teaching methodology will comprise case method, experiential learning, teamwork and site visits.

Attendance: 3 days a week with occasional Saturdays

Time: 5.30 pm – 8.30 pm

Entry Requirements

  1. Holders of a Bachelor’s degree in Economics, Commerce, Accounting, Finance or other related degrees with sufficient quantitative background, or;
  2. Holders of other non-finance related disciplines that are acceptable by the Academic Council with at least 2 years work experience in finance-related work with good quantitative background

Applicants will also be required to attend and pass an oral interview and a Graduate Entrance Examination (GEE). The focus of the entrance examination is verbal, critical reasoning and quantitative analysis, which are key attributed required for success in development finance.

A valid Graduate Management Admission Test (GMAT) with a score of at least 500 may be used instead of the GEE, if it has been done within a period of two years prior to applying for the Msc. Development Finance.


Nathan Derrick Mbalilwa,
 +254 (0) 715 642 460

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Key Details

Dates: 1st Sept 2020

Cost: Kshs. 1, 038, 760

Duration: 2 Years


Additional Mandatory Cost

International Module – Kshs. 350,000

(payable 4 months before the trip)

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