Allianz Africa has committed to grow Africa’s development agenda through its Next Generations Fellowship for Social Entrepreneurs initiative. Allianz will offer 10 scholarships to both Allianz Africa employees and social entrepreneurs for a Global Online MBA from the prestigious ESMT Berlin school.

The training scholarships aim to enable candidates to acquire knowledge and high-level leadership skills in order to deliver an even more positive impact on the business environment and the community in Africa.

Launched by Allianz SE, this program aims to offer 10 scholarships per year. The first edition has chosen Africa as their cradle and will be held 100% online.

Thus, for the 2021 edition, 4 female candidates and 3 male candidates from Kenya, Cameroon, Ghana, Nigeria and Senegal were selected. They started classes in September. The selection process, carried out in close collaboration with Allianz operating entities in Africa, is still ongoing, since 3 other scholarship beneficiaries will join the first 7 in May 2022.

This MBA is also the first to be entirely virtual at ESMT, of which Allianz is one of the founding companies.

Students follow the program at their own pace to continue working full time. Program fees amount to Ksh. 3.2 million (€25,000 per year), 96% of which is covered by this program. Trainees will also give a personal contribution of Ksh. 127,810 (€1,000) to ensure their commitment.

The program will also be particularly focused on individuals having a strong environmental and social impact in Africa. “The Allianz Next Generations Fellowships continues the successful legacy of providing educational opportunities in developing areas to promote sustainable transformation in business and society,” said Jörg Rocholl.

For its part, Allianz Africa firmly believes that training young people to cultivate leadership focused on sustainable development is likely to help Allianz secure the future of generations to come.

“Allianz Africa believes this MBA will help our social entrepreneurs to become successful leaders. The analytics, ability to innovate and managerial skills that the program offers should enable them to make their businesses more sustainable and bring a stronger impact to the society,” explained Coenraad Vrolijk, Regional CEO of Allianz Africa.