Former New York Mayor, Michael Bloomberg has announced a US$10 million initiative to support pan-African business and financial journalism with the goal of advancing transparency, accountability and good governance on the continent.

Bloomberg will partner with the University of Nairobi and the Strathmore Business School in Kenya; the University of Lagos and the Pan Atlantic University in Nigeria; Rhodes University and the University of Pretoria in South Africa in developing and delivering its educational programs,

The Bloomberg Initiative Africa, a three-year pan-African program, aims to build media capacity and improve access to information in Africa. It will focus initially in South Africa, Kenya and Nigeria.

The Bloomberg News Agency said in a statement; “strengthening business and economic news coverage, expanding training programs for journalists and providing greater access to reliable data about Africa re frequently cited as important enablers to the continent’s continued development”.

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