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Bloomberg’s second intake to bolster financial reporting

Bloomberg’s second intake to bolster financial reporting

THE Bloomberg Media Initiative Africa (BMIA) has begun the second intake of its Financial Journalism Training (FJT) programme in the country, which trains journalists and media professionals in business and financial journalism to bolster the country’s financial reporting industry.

The resumption of the program follows a two-year postponement because of the Covid-19 pandemic. Conducted in partnership with Strathmore Business School, the University of Dar es Salaam Business School, and the University of Dar es Salaam School of Journalism and Mass Communication, this follows a successful first intake in 2019 which saw more than 40 journalists graduate from the program.

The second intake sees over 50 journalists and professionals from government, the private, nonprofit sectors and Tanzania’s major media organizations trained over six months on several topics, including data analysis, capital markets, accounting, public policy, economics and the transforming media landscape to strengthen their skills and knowledge in business and financial reporting.

The training is facilitated by Bloomberg News reporters and faculty of the universities involved.

The Financial Journalism Training programme aims to accelerate the development of a globally competitive media and financial reporting industry in Tanzania, to further transparency, accountability, and good governance in the country and continent at large.

The program is a core component of the BMIA, which aims to contribute to the advancement of business and financial reporting in Africa, recognizing the important role the media plays in promoting transparency, accountability and good governance.

Commenting on the announcement, Erana Stennett, the Director at Bloomberg Media Initiative Africa, said: “We are pleased to be resuming the Financial Journalism Training Program in Tanzania after a two-year pause. We believe that equipping journalists with the skills and knowledge to better report on business and financial matters is complementary to Tanzania’s continued economic growth and progress.”

Speaking at the launch of the second intake on Tuesday, Professor Florens Luoga, the Central Bank of Tanzania (BoT) Governor, said: “At this critical post-pandemic period, strong business and economic media reporting is core to keeping stakeholders informed in order to accelerate Tanzania’s economic recovery.

By training more journalists, BMIA’s program is contributing to Tanzania’s ongoing economic development and progress.” The launch of the second intake in Tanzania follows the program’s success in Kenya, Nigeria and South Africa, Ghana, Zambia, Côte d’Ivoire and Senegal, where over 600 delegates have graduated to date.

Since its launch in 2014, BMIA has reached more than 1,000 stakeholders in Africa. BMIA has also sponsored four annual conferences for media owners and senior leaders in business, government and civil society.

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Author: DAILY NEWS Reporter

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