Eni, the multinational integrated energy company, and Saïd Business School, University of Oxford, have announced ten new MBA scholarships to strengthen the future of business leadership in Africa including Egypt, according to a press release issued by Eni.

According to the press release, the Eni-Oxford Africa Scholarship will cover MBA course fees, a living expenses stipend and one return air fare while the candidates must be resident in one of the African countries in which Eni operates.

The School’s aim is to help businesses grasp the opportunities of Africa’s favorable demographics by supporting the education of talented African students.

The Dean of the Saïd Business School, Peter Tufano, said that “In a generation’s time, there is no doubt that Africa will play a central role in the global economy.  A swelling middle class will create new markets for consumer goods. Young people will seek skilled jobs.

“These goods and jobs will require businesses, and businesses need the leadership skills and networks that we provide. The Eni-Oxford Africa scholarship will strengthen and deepen our longstanding efforts to engage with Africa’s future business leaders.”, he added.

“We are delighted to collaborate with Eni on this exciting scholarship, and thank them for their generous support.”, the Dean said.