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Africa is ripe for growth - but there is a shortage of good people who have the right financial skills to to help the market grow and improve the overall investment climate. The Master of Commerce Degree (MCom) in Development Finance will give you the expertise to turn ideas into financially sound, long-term development solutions that improve lives, uplift communities and place Africa on the global stage. This is your opportunity to build an exciting career in the cutting-edge discipline of development finance.


The Masters of Commerce Degree in Development Finance is designed to develop people and institutions that can help provide optimum financial outcomes that enhance the design and implementation of reforms and capacity-building programmes adopted by development finance institutions, governments, the private sector, NGOs and the wider emerging markets. 

While Development Finance is typically known for its use by people working in development finance and other related institutions, it is also widely used by people in other banking and financial services institutions. It provides the expertise to start initial investments that act as the right catalyst, and demonstrate that enterprises can thrive in economically challenging markets. It is also used to ensure that funds channelled through development projects provide sustainable outcomes that can sustain the development agendas of developing countries.  

Why this Degree?

As a professional discipline, Development Finance is widely practised today by all central governments; major development finance institutions including the World Bank, the IMF, the UN; as well as public and private sector organisations, international foundations and NGOs.

However there is a shortage of Development Finance experts in Africa, where the expertise is needed most. It's for this reason the University of Cape Town's Graduate School of Business (GSB), has partnered with Africagrowth Institute (AGI), to create the Master of Commerce Degree in Development Finance.

The MCom (Development Finance) programme aims to ensure that Africa produces enough development finance experts to meet the growing needs of the growing continent.

Who Should Apply?

  • Development Finance Practitioners
  • Civil Servants
  • Staff of Development Finance Institutions
  • Staff of Other Financial Institutions
  • Entrepreneurs
  • Staff of NGOs
  • Staff in the Private Sector
  • Duration of Degree


The MCom is a rigorous modular programme which is taken over two years. The programme covers nine compulsory core courses and students have to choose 1 elective and deliver a research report.

Students attend classes at the GSB Cape Town campus twice a year of between 2-3 weeks each during February/March and in August. Lectures are structured to cover theories in development finance, development finance practice and real-life case studies in development finance.

How to Apply

Now that you have decided to take the next step, let us guide you on your application journey for the MCOM programme.

The following section contains everything you need to know about applying for an MCOM at the UCT Graduate School of Business. We recommend that you take the time required to familiarise yourself with the application requirements. It is vital that you understand what is required in terms of the documents you need to fill out, what supporting documents are required and how they need to be submitted.

IMPORTANT: Please complete all 3 steps and most importantly, the UCT Online Application (the last step).

Application Closing Date: 31 October 2018

Visit the Commerce and Development Finance - MCom page on the University of Cape Town website for more details!




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