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Master’s Degree in Banking and Finance Project

  • Project Name:
    Master’s Degree in Banking and Finance Project
    Institution :
    Kenya School of Monetary Studies
    • Core Competence:
      Financial Management and Accountability
    Project Region :
    Eastern & Southern Africa
    Country :
    Status :
    Grant Number :
    Grant Amount (USD):
    1 500 000
    Commitment Date:
    Closing Date:

    The Kenya School of Monetary Studies (KSMS) was established on April 15, 1997 with a vision to become a regional centre of excellence in capacity building for the financial sector.  At the 36th Regular Meeting, in December 2006, the Executive Board approved a grant of US$ 1.5 million to MBFM.

    Project Description:

    The goal of KSMS’s Master’s Degree in Banking and Finance was to improve the financial management and accountability of African countries in general and those of Kenya, Eastern and Southern African countries in particular in the area of banking, finance and micro-finance. Its expected results were:

    • Improvement of the performance of financial and banking organizations and institutions as well as their public supervisory agencies.
    • Financial managers and bankers, especially from microfinance institutions, to be trained to make major contribution to the improvement of the sector
    • KSMS to become a truly African Center of Excellence in training corporate finance and bank managers capable of helping Africa meet the challenges stemming from globalization.


Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.

H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.

H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.

Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.

Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.

Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana