Back to Blog
educationGraduate SchoolAfricaUniversities

Best Universities and Business Schools in Africa: 2025 Guide

Liwaza Team
December 18, 2025
15 min

Discover the best African universities and business schools for business, management and graduate studies. Rankings, programs and career opportunities.

Introduction

Africa is experiencing a remarkable educational transformation with the emergence of world-class universities and business schools. These institutions are training the continent's future leaders and increasingly attracting international attention. Whether you're an African student seeking quality local education or a professional wanting to reconnect with the continent, this guide presents the best African universities and business schools for business and management.

1The African business school landscape

Higher business education on the African continent has evolved considerably over the past two decades.

Historical evolution

Traditionally, ambitious African students had to go study in Europe or the United States to access quality business education. Today, several African institutions compete with the best global schools.

International accreditations

African business schools increasingly seek international accreditations:

  • AACSB: Association to Advance Collegiate Schools of Business (most prestigious)
  • EQUIS: European Quality Improvement System
  • AMBA: Association of MBAs

Triple crown (AACSB + EQUIS + AMBA): Only a few African schools have obtained it.

Challenges and opportunities

Challenges:

  • Limited funding compared to Western schools
  • Brain drain of best professors
  • Sometimes insufficient infrastructure
  • International recognition to build

Opportunities:

  • Unique African context for case studies
  • Local entrepreneurship and innovation
  • Alumni network anchored on the continent
  • Lower costs than Western schools
  • African economic growth

2Top Business Schools in South Africa

South Africa is home to the continent's most established business schools, with several internationally accredited institutions.

1. University of Cape Town - Graduate School of Business (UCT GSB)

  • Ranking: #1 in Africa (Financial Times)
  • Accreditations: AACSB, EQUIS, AMBA (Triple Crown)
  • MBA: 1-year or 2-year modular program
  • MBA Cost: ~R595,000 (~€30,000)
  • Strengths: Social innovation, emerging markets, diversity

Flagship programs:

  • Full-time MBA
  • Executive MBA
  • Specialised Masters (Development Finance, etc.)

2. GIBS - Gordon Institute of Business Science (University of Pretoria)

  • Ranking: Top 3 Africa
  • Accreditations: AACSB, EQUIS, AMBA (Triple Crown)
  • MBA: Modular format
  • MBA Cost: ~R580,000 (~€29,000)
  • Strengths: Leadership, African business, corporate connections

3. Stellenbosch Business School

  • Accreditations: AACSB, EQUIS, AMBA (Triple Crown)
  • MBA: Part-time and Modular
  • Cost: ~R380,000 (~€19,000)
  • Strengths: Innovation, entrepreneurship, wine industry

4. Wits Business School (University of the Witwatersrand)

  • Accreditations: AMBA
  • MBA: Part-time primarily
  • Cost: ~R350,000 (~€17,500)
  • Strengths: Finance, mining sector, Johannesburg hub

South Africa comparison table

SchoolTriple CrownMBA CostFormatMain Strength
UCT GSB✅€30,000Full/PartSocial Innovation
GIBS✅€29,000ModularLeadership
Stellenbosch✅€19,000Part-timeEntrepreneurship
Wits❌€17,500Part-timeFinance

3Business Schools in East Africa

East Africa is emerging as an innovation and entrepreneurship hub, with business schools reflecting this dynamism.

Kenya

1. Strathmore Business School (Nairobi)

  • Partnership: IESE Business School (Spain)
  • Accreditations: In progress (AMBA candidate)
  • MBA: Joint program with IESE
  • Cost: ~$45,000 (joint program)
  • Strengths: Ethical leadership, case method, IESE connection

Key programs:

  • MBA (with IESE)
  • Executive Education
  • Owner-Manager Programme

2. United States International University Africa (USIU)

  • Accreditations: ACBSP
  • MBA: Flexible format
  • Cost: ~$15,000
  • Strengths: American connection, technology

Tanzania

University of Dar es Salaam Business School

  • MBA and business programs
  • Accessible cost (~$8,000)
  • Focus: East African business

Rwanda

African Leadership University (ALU) - School of Business

  • Concept: New generation pan-African university
  • Campus: Kigali (Rwanda), Mauritius
  • Approach: Project-based learning, entrepreneurship
  • Cost: ~$12,000/year
  • Strengths: Pedagogical innovation, pan-African network, tech focus

Why ALU stands out:

  • Founded by African entrepreneurs
  • Focus on 21st century skills
  • Partnerships with African companies
  • Scholarships for deserving students

4Business Schools in West Africa

West Africa, particularly francophone countries, is developing its quality business education offering.

Nigeria

1. Lagos Business School (LBS)

  • Ranking: Top 5 Africa
  • Accreditations: AACSB, EQUIS
  • MBA: Full-time and Executive
  • Cost: ~$50,000 (Executive MBA)
  • Strengths: Nigeria corporate network, case method, leadership

Flagship programs:

  • Executive MBA
  • Senior Management Programme
  • CEO Forum

2. Pan-Atlantic University

  • Parent institution of Lagos Business School
  • Undergraduate and graduate programs

Ghana

Ghana Institute of Management and Public Administration (GIMPA)

  • MBA and Executive programmes
  • Focus: Public administration, policy
  • Accessible cost

Ashesi University

  • Liberal arts + business approach
  • Pedagogical innovation
  • Strong reputation in West Africa

Senegal

ISM (Institut Supérieur de Management)

  • Francophone business programs
  • European partnerships
  • West Africa network

BEM Dakar

  • Partnership with Kedge Business School
  • Accredited programs
  • Focus: Francophone Africa

Ivory Coast

CESAG (Centre Africain d'Études Supérieures en Gestion)

  • Regional WAEMU institution
  • MBA and specialized programs
  • Strong francophone network

5Business Schools in North Africa

North Africa has several quality institutions, often with strong European partnerships.

Morocco

1. HEM Business School

  • Network of campuses in Morocco
  • International partnerships
  • MBA and Grande École programs
  • Focus: Francophone business

2. ESCA École de Management

  • Accreditations in progress
  • MBA and Executive programs
  • Casablanca hub

3. Al Akhawayn University (Ifrane)

  • American model
  • AACSB accredited MBA
  • Residential campus
  • English-language teaching

Tunisia

Mediterranean School of Business (MSB)

  • Modern campus
  • International partnerships
  • MBA in English
  • Competitive cost

ESPRIT

  • Tech and business focus
  • Engineering + management programs

Egypt

American University in Cairo (AUC) - School of Business

  • Accreditations: AACSB, EQUIS
  • Reference MBA in MENA region
  • Cost: ~$60,000
  • Exceptional network

North Africa and Egypt comparison table

SchoolCountryAccreditationMBA CostLanguage
AUCEgyptAACSB, EQUIS€50,000English
Al AkhawaynMoroccoAACSB€25,000English
HEMMorocco-€15,000French
MSBTunisia-€12,000English

6Choosing between African and international school

The choice between an African business school and an international school depends on your career objectives and situation.

Advantages of an African school

âś… Significantly lower cost

  • African MBA: €15,000-50,000
  • International MBA: €80,000-200,000

âś… Powerful local network

  • Direct access to African companies
  • Alumni in leadership positions on the continent
  • Understanding of local context

âś… Contextual relevance

  • African case studies
  • Continent-specific issues
  • Adapted entrepreneurship

âś… Logistical facilities

  • No complex student visa
  • Family proximity
  • Professional continuity possible

Advantages of an international school

âś… Global reputation

  • Immediate recognition by global recruiters
  • Access to MBB, Big Tech, Finance

âś… Global network

  • Alumni worldwide
  • International opportunities

âś… International exposure

  • Diversity of perspectives
  • Exchange programs
  • Multicultural experience

Recommendations by objective

Career objectiveRecommendation
Career in AfricaAfrican school or INSEAD/LBS
Global MBB consultingTop international school
Africa entrepreneurshipAfrican school + network
International financeInternational school
African public sectorAfrican school or MPA
Multinational corporateBoth options viable

In Conclusion

Africa today has a maturing business education ecosystem, with world-class institutions like UCT GSB, GIBS or Lagos Business School. For African professionals, the choice between local and international training should be based on career objectives, budget and target network. African schools offer unique contextual relevance and excellent value for money, while international schools like INSEAD or LBS bring global recognition and a worldwide network. At Liwaza, we support candidates in their strategic thinking and preparation, whether for African or international programs.

Source of Insights: The insights in this article are based on Comparative study of African business schools and their international impact - Analysis of programs, accreditations, alumni networks and outcomes of major African institutions Source: Liwaza Research Team Date: 2025-12-18
AI Usage: This article was written with the assistance of artificial intelligence to analyze and synthesize source data. The content has been reviewed and validated by our editorial team to ensure accuracy and relevance of the presented information.