The School of Finance and Banking (SFB) is to introduce a new academic programme in Economics. The move is part of the school’s efforts to transform into a fully fledged Business School that can develop vital appropriate skills required to sustain Rwanda and its citizens.

In an interview, Prof. Krishna K. Govender, the school’s Rector, said economics was part and parcel of every business.

"The entire economy depends on economic principles. Therefore, in order to realise economic development, citizens need to be enriched in economics,’ Govender explained.

He also revealed the initiative was strongly backed by the Minister of Finance and Economic Planning, James Musoni who had wondered why SFB did not have economics programmes.

"SFB as a centre for excellence in professional training seeks more quality qualifications to facilitate the country’s development efforts,” he said, adding that this is paramount in forging an institutional position as a regional player in modern business studies, and to contribute to Africa’s development in an increasingly fast-moving global economy.

The rector added that a committee to carry out a study into the establishment of a new department (economics department) has already been formed and it’s upon this that request to the government will be forwarded.

Currently, SFB offers degrees in BBA with specializations in finance, accounting, marketing and human resources management.

The school, in partnership with the Maastricht School of Management (MSM), is also offering Masters Degree in Business Administration (MBA) programmes with the specializations in banking, finance and project management.

However, the rector said the school was considering having this department fully under its control where SFB will have the jurisdictions to revise, if necessary, and award degrees.

In addition, SFB is also offering training towards ACCA (Association of Chartered Certified Accountants) programme alongside other tailor made Short Certificate and Professional Programmes in the various management disciplines to meet the changing needs of business leaders and managers.

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