Financing

 

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Programme Costs

Below is a breakdown of costs associated with the MBA programme. Travel and accommodation costs are estimated based on average flight and hotel costs—these are not paid to ALUSB.

Tuition

Year 1: Tuition $15,000
Year 2: Tuition $15,000
Total Tuition $30,000

Additional Costs

Estimated Airfare Per Year*$1,500
Estimated Accommodation Per Year**$630 – $4,200
Estimated Additional Costs$2,130 – $5,700

* The cost of airfare is estimated at $500 per intensive.
** The cost of accommodation is estimated  at $30 – $200 per night

INSTALLMENT OPTIONS

You can apply to pay your tuition in one of three installment options:

One payment

1 x $30,000 payment

Before programme start and receives a 5% discount ($1,500) on tuition.

Two payments

2 x $15,000 payments

Your first payment is due before the programme starts and the second installment is paid in the following calendar year.

Six payments

1 payment x $7,500

5 payments x $4,500 

Your first payment is due before the programme starts and then five subsequent installments are made every 3 months after that.

Funding Options

Most students will fund their annual tuition and travel expenses through a combination of sources, including:

1. EMPLOYER SPONSORSHIP

Generous employer benefits are available for organisations fully or partially sponsoring employees in the ALUSB MBA. Download the latest employer benefits here. Contact mba@alusb.com for assistance in helping you make the case for funding to your employer.

2. CHAIRMAN’S SCHOLARSHIP

The Chairman’s Scholarship is a $15,000 award for excellence in leadership. Two awards are available for the March 2020 MBA class. This scholarship recognises African business leaders with a track record of leading both in the workplace and the community. In order to apply, you must submit your ALUSB MBA application by the final application deadline: 13 January 2020. 

 

3. PARTIAL SCHOLARSHIPS

Partial scholarships offering up to $5000 each, to support:

  • Women
  • Leaders
  • Social Impact
  • Rwandan Vision 2020

are available to admitted candidates. Applicants must first gain admission to the MBA programme before they can apply.

4. CONSERVATION  LEADER SCHOLARSHIPS

Full tuition scholarships courtesy of ALU School of Wildlife Conservation, to support rising leaders in the Conservation Industry. Available for the October 2020 programme only. Applicants must first gain admission to the MBA before applying for this scholarship.

Additional Funding Options

In addition to Employer Sponsorship students have drawn from following sources to fund their MBA:

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Self Funding

We expect you to finance at least a part of your MBA education through your savings and earnings.

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Bank Loans

We encourage you to explore all options that may be available to you, including bank loans.

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Family Sponsorship

Where possible, family support can be a good and flexible option to finance your MBA education.

Chairman’s Scholars

This scholarship seeks to celebrate leadership in the private or public sector by recognizing African business leaders with a track record leading both in the workplace and in the community.

CHAIRMAN’S SCHOLARS FOR THE CLASS OF 2021 (October 2019 Cohort)

Two remarkable African business leaders were granted the chairman’s scholarship for their outstanding pan-African vision and their impact in transforming the business world which showcase their leadership potential. ALU School of Business is pleased to introduce our chairmen’ scholars Brian Kudzaishe Mataruka and Tafadzwa Bete Sasa.

 

BRIAN KUDZAISHE MAKATARUKA

Brian Kudzaishe Mataruka is a practising lawyer based in Harare, Zimbabwe and a partner with a leading Harare law firm, Gill Godlonton & Gerrans, where he also heads the Insolvency and Mining departments. His key areas of speciality are in matters of insolvency, mining, infrastructure and deal structuring.  

He is also a non-executive Director of Willdale Bricks Limited which is the only brick manufacturing company listed on the Zimbabwe stock exchange and one of the youngest non-Executive directors for a listed company. Brian also sits on boards of various leading private limited companies such as Aviation Ground Services (Private) Limited, which is the only private aviation ground handling company in Zimbabwe.

 

A leading entrepreneur in his own right, Brian is one of the founding directors of an agricultural export company called Umhlaba Green Fields (Private) Limited which exports horticultural agricultural produce to Europe. He is also the founding Director of a construction company called Umuzi Properties which specialises in low to medium scale housing in Zimbabwe and has built over a hundred homes since its inception in July 2017. 

He holds a bachelor of law Honours Degree from the University of Zimbabwe and a diploma in Mineral Resources Management.  

Brian is a former recipient of Joshua Nkomo Scholarship Fund, a merit-based scholarship funded by Econet Wireless through Higher Life Foundation, an academic Trust founded by Econet Wireless. As a result of philanthropic work, Brian was in 2015 was appointed as a special appointee to the Wildlife Ecological Trust by the then Minister of Environment, Water and Climate to represent he Youth quota in matters of environmental maintenance and development.  

Through these companies, Brian is directly involved in the employment of more than one hundred employees fending for more than 300 dependants. Brian has previously been voted as personality of the month by a leading Zimbabwean lifestyle magazine and is regarded as a proponent of social change in Zimbabwe and as one of the leading development entrepreneurs in the Sub-Saharan region.

 

TAFADZWA BETE SASA

Tafadzwa Bete Sasa is a high performance trainer, consultant and coach. Her work specialises in designing and facilitating knowledge, tools, systems and processes that equip individuals and teams for higher productivity.

She is the founder of GoalGetter Consultancy, she coaches high potential professionals on personal mastery and goal setting for accelerated career and personal growth. She trains and consults for entrepreneurs and SMES on teambuilding, organisational design and staff engagement for higher efficiency. She is also a founding partner of the Training Leaders Consortium, a partnership of Learning and Development professionals who are helping corporates across five sectors to optimize their organisational cultures and processes to drive productivity and growth.

Tafadzwa took her first steps into the world of HR at BancABC Zimbabwe and later worked as a team-building facilitator at Kutting Edge Solutions, where she discovered and fell in love with experiential learning facilitation.

As the Training and Resource Centre Manager at Alchemy Women in Leadership Zambia, she refined her facilitation, team leadership and project management skills on a leadership development project that connected three generations of women and girls into mentorship villages.

Tafadzwa is the this year’s National President of JCI Zambia, a global network providing development opportunities that empower young people to create positive change. She is also a Global Shaper under an initiative of the World Economic Forum for Hubs developed and led by young people driving dialogue, action and change in their communities. For her outstanding work and leadership, Tafadzwa has received leadership awards including being recognised by Moremi Initiative as one of Africa’s most outstanding Emerging Women Leaders.

 

CHAIRMAN’S SCHOLAR FOR THE CLASS OF 2020 (March 2019 Cohort)

Every year, the ALU School of Business (ALUSB) strives to find ambitious professionals for our MBA programme. And every year we are blown away by the amount of talent on the African continent. Our March 2019 cohort recipient has it all: leadership potential, a passion for uplifting her community and an ambitious vision for the future. ALUSB is proud to present our new Chairman’s Scholar Mahder Zewdie Gebretsadik!

 

MAHDER ZEWDIE

Mahder Zewdie leads Marketing and Customer Insight teams at EthioChicken, a poultry company that works with rural farmers to reduce malnutrition and poverty in Ethiopia. In this role, she works on developing brand visibility of the company, market activating using different promotional and communication strategies, and measure satisfaction level of customers as well as the impact of the business in the livelihood of Ethiopian rural smallholder farmers.

 

Mahder is passionate about using technology and a data-centric approach to solve social problems. This passion motivated her to work hard in setting up the Customer Experience team, the first department in EthioChicken that helped the company to adopt a data-based decision-making process. Before joining EthioChicken Mahder worked in the travel and hospitality industry where she acquired the skill of sales, communication, and strategic planning. In her ten years of professional journey, she has used communication and data as a means for visualizing availability of skills and resources in the businesses she served. Mahder is an Acumen Fellow and holds a bachelor’s degree in Marketing Management.

 

CHAIRMAN’S SCHOLAR FOR THE CLASS OF 2020 (July 2018 Cohort)

African Leadership University’s MBA Chairman’s Scholarship recognises excellence in leadership. Candidates are shortlisted for their outstanding professional achievements, pan-African ideals and for the significant impact that they are making to society. This year’s Chairman’s Scholar is no exception. ALU School of Business is delighted to confirm Dorcas Onyango as this year’s MBA Chairman’s Scholar.

 

DORCAS ONYANGO

Dorcas Onyango is Head of Sustainability for Coca-Cola Southern & East Africa Business Unit. In this role, she will embed sustainability into the business and leverage Coca-Cola’s value chain to generate shared value for the business and communities in need. Skilled in strategic planning, project management, strategic communications and stakeholder engagement management, and project management, Dorcas has over 15 years working experience in Development, Marketing, Advertising and Corporate Communications, Sustainability and Change Management functions. Prior to her current role and as the Director for Programs and Partnerships within The Coca-Cola Africa Foundation (TCCAF), she led complex, multi geography community upliftment projects. On behalf of Coca-Cola she stewarded the efforts of Coca-Cola and its partners from civil society and government to implement water, health and youth empowerment projects as well as 5by20, a global initiative by The Coca-Cola Company (TCCC) to empower 5 million women by 2020 through inclusive business strategies. She implemented Coca-Cola’s signature Water Sanitation and Hygiene program, Replenish Africa Initiative (RAIN) and was instrumental in the scaling up efforts of Project Last Mile (PLM).

 

Dorcas graduated from University of Nairobi with a Bachelor of Commerce (Marketing option). She studied Advertising and Marketing Communications Management at the Red and Yellow School, Cape Town, South Africa and, holds a certificate in Business Sustainability Management from Cambridge Institute for Sustainability Leadership, part of the University of Cambridge.

 

Inaugural Chairman’s Scholar for the Class of 2019

Congratulations to, Zimbabwean lawyer, Zanudeen Makorie the first recipient of ALUSB’s Chairman’s Scholarship for Excellence in Business Leadership. This year we received thousands of applications and have been impressed by the breadth of talent on the continent, which has confirmed our belief that this is indeed the African Century.

 

Zanudeen Makorie

Zanudeen Makorie is the General Counsel and Group Company Secretary of RioZim Limited, a former subsidiary of Rio Tinto Global and one of the leading resources-based listed companies in Zimbabwe. His responsibilities include managing the company’s litigation portfolio and leading the company’s corporate and strategic policy. Prior to his role at RioZim, Mr. Makorie was a Partner at Coghlan, Welsh and Guest, one of Zimbabwe’s top corporate and litigation law firms, where he was admitted into Partnership at the age of 27, becoming one of the youngest partners in the 100-year history of the firm. He is a member of the International Bar Association and the Law Society of Zimbabwe. He is also a contributor and author on WLSA Zimbabwe Property and Inheritance Rights Journal, with his focus being on property rights. Mr. Makorie holds a Bachelor of Laws (Hons.) from the University of Zimbabwe and a certificate in mineral resource management.”

Zanudeen Makorie

Zanudeen Makorie is the General Counsel and Group Company Secretary of RioZim Limited, a former subsidiary of Rio Tinto Global and one of the leading resources-based listed companies in Zimbabwe. His responsibilities include managing the company’s litigation portfolio and leading the company’s corporate and strategic policy. Prior to his role at RioZim, Mr. Makorie was a Partner at Coghlan, Welsh and Guest, one of Zimbabwe’s top corporate and litigation law firms, where he was admitted into Partnership at the age of 27, becoming one of the youngest partners in the 100-year history of the firm. He is a member of the International Bar Association and the Law Society of Zimbabwe. He is also a contributor and author on WLSA Zimbabwe Property and Inheritance Rights Journal, with his focus being on property rights. Mr. Makorie holds a Bachelor of Laws (Hons.) from the University of Zimbabwe and a certificate in mineral resource management.”

 

FINANCIAL ASSISTANCE PROCESS

These steps layout the ALUSB financial assistance process:

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APPLICATION COMPLETION

Complete your application to the MBA and secure admission to the programme. Please consider our 2 round deadlines.

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Financing Process

If admitted to the ALUSB MBA, you should be clear about how you plan to finance your MBA, before enrolling. 

ALU is currently exploring financial options that could be helpful to students and will provide more education when available. In the meantime, we encourage you to explore all financing options, including personal loans, to make the best decisions for yourself.

Sample personal loan rates may vary by bank and country. For instance, South Africa: 10-12%, Zimbabwe: 12-15%, Kenya: 14%, Nigeria: ~20%.

Need to check in? Contact mba@alusb.com with your questions.

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