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5 scholarships for African students to look out for in 2023

The post looks at MBA and other scholarships for African students you must not miss in 2023.

This is a never to miss opportunity and i will be giving you all the details  to apply for them.

It must be noted that these are MBA scholarships  which are available for only African students.

The Chevening Scholarship

It is one of the scholarships to look out for in every year. It is a one of the  prestigious award program that offers  opportunity for African students to pursue a “one-year master’s degree in any subject at any UK university”

This scholarship program provides  its beneficiaries full financial support which  include not only  tuition fees, but also  living allowance as well as airfare.

One other unique benefits of the Chevening Scholarships that one also get other benefits mostly from their “expansive alumni network that extends across the globe”.

It must be noted that the scholarship is opened to African citizens who are able to meet their academic as well as their English language requirements for admission to the UK Universities.

What are the requirements for the Chevening scholarships?

The scholarships are opened for candidates who must exhibit “leadership potential, commitment to their country, and active involvement in their community”.

It is the expectation of the owners of the scholarships that its beneficiaries will act as  “ambassadors for Chevening”.

This  happen during their one year abroad and make a valuable and impactful contribution to their home countries after a successful  completing of their studies.

The Chevening scholarships always runs from August to November each year.

The applications are  always competitive and mostly involves submitting an online application. The online application include an “application form, references, a personal statement, and evidence of meeting the eligibility criteria”.

Applicants  who have emerged successful from the competitive screening process will “receive a package of benefits that includes university tuition fees, a living allowance, travel costs, and additional professional development opportunities”.

It is one scholarship that most Africans look out for and you may  prepare your self for this life changing opportunity.

This is the link to the Chevening scholarships.

 The Africa MBA Fellowship

The next scholarship to look out for is the African MBA fellowship.

It is a Fellowship which is seen as an “innovative program designed to support African professionals who are looking to make a difference in their communities and beyond”.

It is a fellowship which is aimed at empowering participants  with a never seen chance of nurturing their business ideas as well as their leadership skills. It will also help them to build networks and lasting relationships in their communities.

The program is a full tuition scholarships for most business schools. This include the University of Oxford, Harvard and many more.

The Stanford University African MBA fellowships for example state the following as its eligibility criteria.

They say the applicantion  is opened to six African students. The Applicants must meet the following.

“You must demonstrate strong ties to Africa, including the following:

  • You must be a citizen of an African country. Dual citizens are eligible for the fellowship as long as you hold citizenship in an African nation.
  • Residents of an African country who do not have citizenship in an African country are ineligible.
  • You must have completed, or be in the final year of completing, your university studies. If you studied at an undergraduate or graduate institution in Africa, we especially encourage you to consider applying for the Stanford Africa MBA Fellowship Program.
  • African citizens who studied in countries outside of Africa are also eligible for the fellowship”.
    You can click on the link below to know more about the Stanford African MBA fellowships.

The Jack Ma Foundation Africa Netpreneur Prize.

The third scholarship you must not miss is “The Jack Ma Foundation Africa Netpreneur Prize”.

It is a scholarship designed purposefully to help African entrepreneurs with innovative business ideas.

The scholarships will help them not to launch their ventures, but to transform the  economic development on the Africa continent.

The scholarship was first launched in 2019 and has invested more than  $10 million  worth of scholarships to 100 successful applicants.

The eligibility of The Jack Ma Foundation Africa Netpreneur Prize is that applicants must posseses innovative business idea and must demonstrate how innovative business will benefit their local communities.

The Jack Ma Foundation Netpreneuer prize offers “mentorship, funding, and access to a global network of entrepreneurs”.

The applicants who will be successful in the recruitment process will get up to $250,000 in funding for their projects, in addition to getting access to other resources.

There is this other side of offers of training, workshops, and one-on-one coaching that is aimed at ensuring that entrepreneurs are successful in launching their businesses.

If you are aspiring to pursue an MBA through scholarship, then the Jack Ma Foundation Netpreneuer is a potent place for you to  kick-start their entrepreneurial careers. The Jack Ma Foundation Africa Netpreneur Prize is a huge one in that  it offers  experience, financial support, and mentorship to help you lift your business off the ground.

If you  believe  you have the qualities enumerated  above as part of the requirements for the Jack Ma Foundation prize, then just search for them online.

The Tony Elumelu Foundation Entrepreneurship Programme

The next scholarship offer to look out for is the Tony Elumelu Foundation Entrepreneurship Programme (TEFEP).

It is an African-focused initiative that provides financial and non-financial support to African entrepreneurs.

It was first launched in 2015 with the main goal of “creating 10,000 new businesses and creating 1,000,000 jobs over the course of 10 years”.

This offer gives opportunities for African entrepreneurs with access to “capital, networks, and other resources that can help them launch and grow their businesses”.

Successful applicants stands the chance of getting seed capital amounting to $5000.00.

This is in addition to a one-on-one mentorship from top business leaders.  There is this offer which gives an online platform for entrepreneurs to network with potential investors and partners.

With this juicy offer, the application process is highly competitive and this should be expected.

It must be noted that it is only those with the most promising projects  that will be finally selected for funding.

Finally, there is  also a range of educational activities and workshops that comes in addition to the financial support.

This is to help entrepreneurs develop their skills.Remember that  all activities are free of charge and open to anyone who wishes to participate.

The MasterCard Foundation scholars program.

It is a program which is  aimed at providing access to quality education and leadership training for African students.

The good news is that the program is open to all African students. This includes those from disadvantaged backgrounds and can demonstrate financial need and academic excellence.

It is a complete offer which  comprehensively houses packages of “financial aid, mentorship, skills training, and support services to help students pursue their studies in the fields of science, technology, engineering, mathematics, and related disciplines”.

The offer gives full tuition, living expenses, and other associated costs for African students pursuing studies in these disciplines.

The program also gives mentoring support  as mentioned earlier. This is to help students make the most of their educational experience, as well as professional development opportunities to help prepare them for success after graduation.


The MasterCard Foundation program aside the benefits enumerated above also has this additional interest of  fostering a culture of service and global citizenship among its  successful candidates.

It does this by encouraging participants to become leaders in their chosen fields and to contribute meaningful to their communities.

The beneficiaries hereto  referred as scholars are given the opportunity to partake in  internships and volunteer work in local communities during their studies. This is help them develop skills in leadership, community engagement, as well as civic responsibility.

The offers is  open to African students  who are studying at universities in Africa, Canada, Europe, the United States, and other countries around the world.

The eligibility criteria is one that is based on three pillars of academic merit, leadership potential, and financial need.

Note all applications must be done through their official site.

Please note this carefully. This is taken from the official site of the program.

They say “the Scholars Program is implemented through our partner universities and non-governmental organizations. The application process and decision-making are managed individually by each partner. If you are interested in becoming a Scholar, you must apply through the university of your choice”.

They further added that their Partner institutions may their own deadlines and admission fees. They further recommend that all applicants must research the application guidelines or contact the institution of your choice for more information.

They want applicants to note that for “schools that require application fees as part of the admissions process, the fees will be reimbursed if the student is selected for the Scholars Program”.

By Robert

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