AFRICANGLOBE – African Governments and business leaders have joined to launch a Regional Scholarship and Innovation Fund. A statement suggests 5 million dollar has already been committed by African Governments and ‘Africa Business Champions for Science’ during a launch hosted by President Macky Sall of Senegal last week.
The Fun will award grants for 10,000 PhD scholarships in Africa over ten years as part of the World Bank ‘Partnership for Skills in Applied Sciences, Engineering and Technology (PASET)’ program. The declaration of the founding countries that include Ethiopia, Rwanda and Senegal is now expected to be signed by their Heads of State.
The ‘Regional Scholarship and Innovation Fund’ for Africa was launched in Johannesburg on 13th June 2015. The launch event was led by the President of the Republic of Senegal, Macky Sall, and representatives of the Heads of States of Ethiopia and Rwanda. The Fund is expected to contribute to strengthen research and innovation in applied science, engineering and technology.
The initiative is led by the PASET Steering Committee comprising Ministers responsible for higher education and research from Senegal, Rwanda and Ethiopia; business leaders; representatives from academia and the World Bank.
The overall objective of PASET is to accelerate the creation of a skilled, high-quality workforce in Africa to power Africa’s socio-economic transformation. The launch of the Fund is an outcome of the actions agreed at the previous PASET Forum’s held in Ethiopia (2013) and Senegal (2014), as well as the related Forum on Higher Education, Science and Technology held in Rwanda (2014).
Macky Sall, President of the Republic of Senegal, hosted the event in Johannesburg, South Africa, in the company of: Shiferaw Shigutie, Minister of Education, representing Prime Minister Desalegn of the Federal Democratic Republic of Ethiopia; Louise Mushikiwabo, Minister of Foreign Affairs and Cooperation, representing President Kagame of the Republic of Rwanda; Dr Álvaro Sobrinho, representing the African Business Champions for Science group; and Prof Mary Teuw Niane, Minister of Higher Education & Research of Republic, Senegal and Chairman of the PASET Steering Committee.