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Tuition for PhD in Business Economics

Organized by: Frank Kamanga

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THE STORY:

Africa needs to educate Business Economists in policy development and data analysis. I am Frank Kamanga from Malawi. Currently, I am studying an MA in Economic Growth and Development in Mamara University in Istanbul in Turkey, under the Turkish government scholarship. But my studies in Turkey will be rounding off by June 2016, since I am currentlyon research with the topic “comparative analysis of the independence of the Turkish and Malawi’s Central Banks”. Since I was a child, it has always been my dream to locate myself in the developmental sector. A sector where I will be able to touch even the life of a common farmer or producer in the interior areas of the world. To this effect, in my college days I always engaged myself into things that were developmentally related. I studied Bachelors of Social Sciences majoring in Economics at Chancellor College at the University of Malawi. This decision was based on the fact that, economics is an embodiment of all what it takes for advancement, be it in a society or oneself. After my Bachelors in 2009, I served as a volunteer with Malawi Health Equity Network, an NGO in my country. Later on in 2010, I joined the Central Bank of Malawi. While working with the Central Bank, I had this dream that kept burning inside of me to give back to the community. It was then that I co-founded a nonprofit called Global Hope Mobilization which develops and implements socio-economic developmental projects. This organization has touched the lives of over 10,000 people in my country. On this same note, I also took part in laying the foundation of IDUKA in Southern Africa in 2010. Later in 2012, I realized that, I needed to go further in education but my means were very limited. I applied for several international scholarships and I was fortunate to be awarded the Turkish Government Scholarship to do an MA in Economic Growth and Development in Istanbul. Having this scholarship to do a masters was like a dream come true. Besides, I did not relent my effort in community development and in 2014, I co-founded another Developmental nonprofit called Center for Child Development and Research. In my masters studies, I have learnt about different aspects of capitalism such as competition in the business world, profit making, evolution of technology in production and the importance of advanced data analysis methods in decision making. Despite this knowledge I have acquired throughout the studies, I still feel lacking in the areas of data analysis in the business field, microeconomics and macroeconomics. And these ideas are what I think are necessary to transform a local community into an advanced society. It is based on this that I have decided to take up a Ph.D in Business and Economics. But the issue of limited financial resources can not allow me to carry on with this great decision. One triggering factor for my decision to take up a Ph.D. in Business and Economics, is that the world is entering into a 4th industrial revolution, characterized by technological advancement. And I think Africa and the rest of the developing world needs to educate Business Economists in policy development, data analysis and development of financing mechanisms. Reason being that, the achievement of this goal, will create more opportunities and market for the local farmers and other local producers. And I am certain that studying in Portugal with this scholarship will open more doors for me to create partnership with different businesses organisations, NGOs and Research Institutions willing to carryout projects in the developing world and Malawi in particular.

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