To honour the life and work of President Nelson Mandela of South Africa, the INSEAD MBA Class of '75 created an endowment at their 30th Class Reunion to provide financial support for one or more African participants per year at INSEAD in perpetuity. At their 5th reunion the Class of '01J contributed to this important scholarship fund, as did the Class of '97D on the occasion of their 10th reunion and the Class of '69 at their 40th reunion. Recently the “Atlantic Group" in the Class of ‘99D contributed. By way of their interests, activities and accomplishments candidates for this scholarship will need to demonstrate: (a) outstanding academic achievement and promise (b) aptitude for business and financial management (c) strong likelihood of spending the better part of their working careers in Africa and (d) a firm commitment to the goals of African development, understanding amongst peoples and public interest. In awarding scholarships, INSEAD shall particularly seek candidates from southern Africa.
Sound management education can harness Africa's entrepreneurial culture", commented Mr Mandela in support of this project. "I embrace INSEAD's academic rigour and diversity, which will equip our scholars with the right management skills to drive Africa's economic development. My hope and belief is that they will inspire a strong, globally integrated Africa.