African Governments and Business Champions committed five million US Dollars for a ‘Regional Scholarship and Innovation Fund’ for Africa launched on June 13, 2015 in the Republic of Senegal hosted President Macky Sall.
A press statement indicates that the Fund contributes to the World Bank ‘Partnership for Skills in Applied Sciences, Engineering and Technology programme which seeks to award ten thousand African PhD scholarships over ten years.
The Fund is meant to strengthen research and innovation in applied science, engineering and technology.
Founding countries including Ethiopia, Rwanda and Senegal made declaration that now stands by for signing by Heads of State.