Q3 2015There has also been a shortage of skillssharing—staff mobility across Africaremains constrained, giving rise to initiativessuch as the Nyerere Programme,which has been key in promoting portabilityof degrees across Africa.Cognisant of this, the AU Commissionhas been committed in advocating forbridging the gap between disparate educationalsystems and fostering academicintegration.Despite a minimum target of 1% of GDPin funding to Research and Development,African countries remain well short ofmeeting it.But this has steadily been changing withmore collaborations and other encouragingtrends seen in Africa, Dr. AldoStroebel, the executive director of theNational Research Foundation, says.Despite the enormous diversity amongAfrican countries, the one constant isthat skills are necessary for development;and for growth that moves away fromjust resource extraction to value additionand adaptation of technology to localconditions.AU Commissioner for Human Resources,Science and Technology Dr. Martial De-Paul Ikounga summarises it succinctly:“In as much as the tool is efficient, it isonly realisable in the right environment,and particularly, with the right implementation.”Yet basic infrastructure such as broadbandto drive ICT has also more oftenthan not initially been funded by outsidepartners, such as the Partnership forHigher Education in Africa (PHEA)project.To change the continent’s fortunes andtrajectory, investment in science, technologyand innovation must therefore bedeliberately up scaled, experts say. Areassuch as water and sanitation, health, energy,agriculture, climate change andnatural resources will all benefit from anincreased focus on STI, which is seen asthe missing catalyst for wider economicgrowth and development.RebootThe overarching position is that Africanpolicymakers need to reboot their approachtowards promoting STI. There hasalready been a renewed focus in this areain national policy, and also at the highestlevels on the continent.The adoption of the anchor STISA-2024strategy by African heads of state was abig step towards this, while the plannedmove for a trust fund dedicated towardsSTI announced recently by African ministersin Rabat only adds more impetus tothe push.STISA-2024’s four main pillars of developingresearch infrastructure, enhancingprofessional and technical competencies,promoting entrepreneurship andinnovation; and providing an enablingenvironment for STI development inAfrica address the main issues for thecontinent, with the message that memberstates, RECs and the AU all have synergeticroles to play.Other key players such as the AfricanDevelopment Bank (AfDB) have come upwith the Human Capital Strategy (2014-2018); UNESCO has the Priority Africa(2014-2021) while there have been moremoves to set up STI centres of excellencein universities all around the continent.<strong>New</strong> <strong>Markets</strong> <strong>Investor</strong>68
Q3 2015ManagementEducation witha Practical EdgeIn 1991, Lagos Business School started asa small institution offering managementcourses relevant to the Nigerian environmentin a suburb of the Lagos metropolis.Ever since, the School has madedynamism its hallmark, leveraging on itsrobust knowledge of business in Africaand beyond to offer managers the bestin business education. Today, LBS is reputedto be one of the foremost businessschools in Africa, and has sustained theFinancial Times’ coveted ranking of topopen enrolment programme providersfor the eighth time in a row.Dr Enase Okonedo, Dean of the Institution,has continually emphasised thatthe hallmark of a good business schoolis striving for more qualitative offerings.This, she explains, would involve goingbeyond just having an undergraduate andmaster’s programme in business administration,but also offering courses comparableto what obtains globally.Service OfferingsLBS adopts the case-study method tofacilitate learning, enabling students toapply the concepts and skills that coursesare designed to teach, and integrateknowledge from other courses and evenlife experiences.The School engages the services ofworld-renowned local and internationalfaculties to facilitate its MBA andExecutive Education programmes. Inthe course of both programmes, participantsare equipped with the right ethicalattitude in management and business,and values that will stand them in goodstead in the real world such as integrity,professionalism, spirit of service, mutualrespect and community.LBS’ full-time MBA programme is designedto prepare managers to succeed inthe increasingly complex global businessenvironment. Effective September thisyear, the programme will run for 18months as against 21, and applicants willbe required to have a minimum of threeyears’ post-qualification work experienceas against one. They will also haveopportunities to embark on internationalexchange programmes for elective coursesupon successful admission.The programme’s part-time variant, theExecutive MBA (EMBA), is especiallysuited for managers who hold positionsof responsibility in companies wherethey have good career prospects. Theprogramme runs for 24 calendar months.The last variant, the Modular ExecutiveMBA programme (MEMBA), is designedfor busy professionals looking for qualitymanagement education that combinesflexibility with a strong academic background.“While LBS is not the only business managementeducation institution in Nigeria,we are proud of our programmes,” saysMBA Director Dr. Uchenna Uzo. “LBSattracts the best and the brightest facultymembers who impart knowledge andconduct research to ensure the institutionis at the cutting edge of managementeducation and business practice. LBS alsopartners with other international institutionssuch as IESE Business School, tobroaden participants’ exposure to facultyand students around the world.”Making a DifferenceIn recent times, several of the School’sMBA students have proved their mettle,making a difference far and wide withthe quality of business education theyhave received. Last year, Onyanta Adama(MBA 13) made the shortlist for the FTMBA Challenge with UK charity WorldChild Cancer. She joined five otherstudents from Lagos and abroad to drafta plan on how Ghana could treat childhoodcancer in a self-sustainable manner.In the same year, a group of MBA studentsparticipated in the African BusinessPracticum organised by the Yale Schoolof Management and came tops, settingthe stage for their participation in the InternationalLeadership Case Competition(ILCC) 2015 held in the same institutionrecently, where they got accolades forbeing the only participants from Africa,as well as the rare skills in business caseanalysis they displayed.“It was an opportunity to positionourselves as competent MBA studentsfrom Africa, knowing we have the skillsto compete with top business schoolsglobally so they realise that Africa canproduce people with analytical skills,”said Babalola Williams (MBA 13), one ofthe participants.Executive EducationExecutive Education at LBS is no lesscomprehensive, drawing on the experiencesof multinational faculties andparticipants. The curriculum ensures thatparticipants gain management knowledgeand skills through the case-studymethod and group-work approach tolearning. The list of programmes in thisclass includes the Advanced ManagementProgramme (AMP), Chief Executive<strong>New</strong> <strong>Markets</strong> <strong>Investor</strong>69
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