i) The programme is offered on a modular basis online, as well as on a block release system;
ii) The Executives entering the course will be experienced managers seeking advanced business training, but generally with undergraduate degrees.
iii) The programme of study will consist of 8 modules of instruction delivered over a 24 to 48 months period;
iv) Three areas of specialisation are offered namely Finance, Marketing and Management with a common set of core courses and electives.

Objectives
The Executive MBA is designed to enhance the managerial and analytical skills of African Managers in both the public and private sectors. It incorporates both a thorough grounding in the basics of current business practice and theory in each of the functional areas of business (accounting, finance, management, and marketing), as well as leading edge knowledge in more specialised topics such as entrepreneurial skills, small business management, global business, and public policy analysis.
The programme prepares students to take a leading role in creating, managing and directing private businesses, and leading governmental and non-governmental organisations in the public sector

Programme of Study
(i) The first year of the programme concentrates on skill building in each of the major functional areas of management and administration. These courses are conducted at an accelerated intensive pace in order to attain an advanced level of knowledge.
(ii) In the second year of the programme students concentrate on either of the three specialisation areas and have the opportunity to choose electives geared to their particular interests.
(iii) The degree work culminates in individual student projects focusing on opportunity analysis and problem solving in their current organisation.
(iv) The language of instruction is English. Classes include lectures, case studies, exercises, role playing, and discussions of current issues in management through public lectures and symposia by leading practitioners and scholars.

SPECIAL REGULATIONS FOR EXECUTIVE MBA
(i) Applicants must be holders of the following qualifications:
a) A good first degree of Africa University or of a University recognised by the Senate of Africa University or a professional qualification obtained by formal study and examination and recognised as a degree equivalent by the Senate of Africa University;
b) At least 4 years of post-qualification work experience in a managerial position and;
c) Competence in basic Mathematics not below GCE "O" level.
(ii) In exceptional cases, students possessing other tertiary educational qualifications besides those specified above and with a good track record of managerial or entrepreneurial experience may be considered for admission.

Student Evaluation, Progression, and Graduation Requirements
(i) Student work will be evaluated throughout each course with a grade recorded at the end of each unit of study. Evaluation methods and criteria may include class participation, exercises, tests, written reports, oral class presentations, term papers, or examination as the Faculty may deem appropriate for each course.
(ii)Each course must be passed with a minimum grade of “C+” (60%).
(iii)A student who obtains a grade below "C+" in a course shall be required to repeat the course
when that course is next offered except that where the course is an elective, the student may
substitute another course.
(iv) A student who failed a repeat examination shall, with the approval of Senate, be discontinued from the programme. The Faculty may however, taking into consideration any extenuating circumstances, permit a student to repeat an examination for a second time. No student shall, however, be allowed to repeat an examination more than two times.
(v) A student who absents him/herself from an examination shall be deemed to have failed the
course, and a grade of "F" shall be recorded for him/her in that course. The student shall be
allowed to repeat the course when next offered
(vi) A student who is absent from an examination on medical grounds, supported by a sick report issued by a Medical Doctor, or for any other good reason acceptable to Senate at its sole discretion, may be allowed to sit a deferred examination in the course(s).
(vii) A student whose cumulative grade point average falls between 2.3 and 2.59 after the completion of 12 credit hours shall be put on probation. If the cumulative grade point average does not reach 2.6 at the completion of 24 credit hours, the student may be discontinued from the programme.
(viii) A student whose CGPA falls below 2.3 at the completion of 12 credit hours or at any other time thereafter, shall be discontinued.
(ix) In order to progress to the next part of the programme a student must have successfully completed the preceding module's courses and maintained a CGPA of 2.6 except that a student may be allowed to carry not more than one failed course at any time.

Graduation Requirement
In order to be awarded the EMBA degree, the student must:
(i) Successfully complete all required courses;
(ii) Submit a satisfactory original project report prepared independently, but under the supervision of one or more faculty members;
(iii) Obtain a minimum CGPA of 2.6. A student who has passed all required courses but failed to obtain a minimum CGPA of 2.6 may be permitted to take or repeat some courses in order to raise the CGPA to the minimum acceptable level of 2.6

Exemption
i. A student may seek exemption from courses, (s)he has previously taken at a post- graduate degree level provided that exemption shall not be given for more than one-third of all course requirements.
ii)A student who seeks exemption in any course shall apply in writing to the Dean for an exemption examination and shall pay a fee of one third of the fees for the course
iii) An exemption shall be granted to students who pass the exemption examination at a grade not below B-.

EMBA PROGRAMME
MODULE I
MBA 503 Quantitative Analysis for Managers; MAC 501 Financial and Management Accounting
MODULE II
MMS 502 Management & Organizational Behaviour; MEC 501 Economics
MODULE III
MMS 512 Business Law & Ethics; MKT 501 Marketing Management
MODULE IV
MMS 501 Management Information Systems; MMS 503 Project Analysis & Management
MODULE V
MMS 505 HRM & Industrial Relations; MMS 506 Operations Management
MODULE VI
MMS 511 Strategic Management; MFN 501 Financial Management
MODULE VII
Two Electives
MODULE VIII
MBA 501 Research Methods; MBA 510 Project Report

SPECIALISATIONS
MARKETING
MKT 502 International Marketing; MKT 503 Marketing Research and Forecasting;
MKT 504 Consumer Behaviour; MKT 506 Electronic Commerce; MKT 508 Direct Marketing MKT 509 Promotion and Advertising

FINANCE
MFN 501 Corporate Finance; MFN 503 Investment Analysis; MFN 505 Financial Planning and Control; MFN 508 Working Capital Management; MFN 510 International Finance

MANAGEMENT
MMS 504 International Business; MMS 510 Management of Change; MEC 502 Managerial Economics; MPA 501 Public Policy Analysis; MPA 502 Public Sector Management
Note: The Specialization courses to be offered each time will be determined by the Faculty.

COURSE DESCRIPTIONS
MAC 501 Financial and Management Accounting (4 Credit Hours)
A foundation course for all MBA students. Basic accounting concepts, inventory models, financial statements analysis, cash flow statements, cost systems, cost behaviour and cost-volume-profit analysis, profit reporting for management analysis, budgeting, and cost management.

MAC 504 Management Accounting (3 Credit Hours)
This course builds on MAC 501. It deals with the analysis of accounting data for internal control and management decisions. Topics include the accounting process, financial statements, inventory valuation, depreciation, inflation accounting, cash flow analysis, financial statement analysis, decision tree, and costing.

MBA 501 Research Methods (1 Credit Hour)
An introduction to primary and secondary research, report writing, and presentation techniques and skills. Use of visual material, charts, graphs, tables, statistics, footnotes, references, and bibliographies is reviewed. Oral and written presentation, communication skills and technologies are also surveyed.

MBA 502 Information Technology (2 Credit Hours)
Microsoft Word
This course is designed for those computer users with little or no experience in Word Processing Applications. It is designed in such a way that it provides hands-on learning activities. This course covers the basics of creating documents, editing them and formatting them. After completing the workshop, participants will be able to create, format, edit save, and print a variety of documents from scratch, as well as with the templates included in Word 2000.

MBA 503 Quantitative Methods (3 Credit Hours)
The course is geared toward problem identification and formulation, followed by problem solving using an appropriate tool (Quantitative method learned). It introduces the more important quantitative methods available to assist in in managerial decision making and places emphasis on the practical application of the various methods and use of information generated.

MEC 501 Economics (3 Credit Hours)
Study on how societies use scarce resources to produce valuable commodities and distribute them among different groups. It is made of two main branches: Microeconomics and Macroeconomics.

MEC 502 Managerial Economics (3 Credit Hours)
Prerequisite: MEC 501
Managerial economics is a subject which relates very closely to the more directly practical business disciplines including management accounting, marketing, and corporate strategy. It develops managerial applications for microeconomic and macroeconomic principles.

MFN 501 Financial Management (3 Credit Hours)
This course builds on MAC 501. The role of finance, sources of finance, cost of capital, capital budgeting, financial forecasting and planning, risk analysis, working capital, dividend and bonus policy, taxation, financial ratios, appraisal of firms, and financial restructuring.

MFN 502 Corporate Finance (3 Credit Hours)
This course deals with methods utilized by corporations to secure and use capital for their operations. It includes capital structure, corporate financial policy, liquidity and the cost of capital, sources of capital, alternative forms of capital, risk management, and dividend policy.

MFN 503 Investment Analysis (3 Credit Hours)
A review of factors influencing the investment decision. Economic evaluation of investment proposals (time value of money, NPV, IRR). Cash flows, working capital, risk and uncertainity, capital asset pricing model, financial leverage, cost of capital, capital structure and valuation, options and futures, lease or buy decision, capital and money markets.

MFN 505 Financial Planning, and Control (3 Credit Hours)
This course introduces the student to more detailed concepts of financial planning and control. It covers the concept of planning and control, budgetary control, standard costing, cash budgeting and forecasting, accruals, control of divisional management, and capital expenditure control and monitoring.

MFN 506 Joint Ventures, Mergers and Acquisitions (3 Credit Hours)
The course surveys the means for expanding a business and their implications. Topics include joint ventures; mergers, de-mergers; acquisitions; the synergy concept; corporate restructuring; business re-engineering; strategic financial alliances; the Companies Act; IAS treatment of mergers, acquisitions and joint ventures; joint ventures and acquisitions accounting; asset valuation, take-overs, and tax implications of mergers and acquisitions.

MFN 508 WORKING CAPITAL MANAGEMENT ( 3 Credit Hours)
The course deals with funding and sourcing of funds and the proper management of cash, inventory, receivables, payables etc. The content includes working capital cycle, estimation of working capital requirements, inventory management, debtors management, creditors management, working capital arrangements with commercial banks and new instruments of credit for working capital.

MFN 509 EQUITY RESEARCH AND PORTFOLIO MANAGEMENT ( 3 Credit Hours)
The course is designed for those who want to pursue equity research and other portfolio activities. The contents will include Portfolio theory, investment management, Equity as a source of financing, the market price model, MM approach and the global scenario of equity movements.

MFN 510 INTERNATIONAL FINANCE (3 Credit Hours)
This course involves advanced studies in international finance. Topics covered include Balance of Payments, the International Monetary System, the International Financial Institutions, the Globalization of Capital, International Banking, The Eurodollar and Petrodollar markets, Exchange Controls, and Foreign Exchange Markets.

MKT 501 Marketing Management (3 Credit Hours)
Course content includes the marketing concept and philosophy, monitoring and responding to changes and differences in marketing information, marketing of services, and strategic planning and management of the marketing function of pricing, promotion, product and service offerings, and physical distribution.

MKT 502 International Marketing (3 Credit Hours)
Marketing in a global world is the focus of this course. Competition in the global market place affects both multinational corporations and local businesses. Primary emphasis is placed on planning, organising, and implementing marketing ventures across cultural boundaries. Entering markets, standardizing offerings, adapting offerings to local conditions and managing and integrating global marketing operations are the major topics addressed.

MKT 503 Marketing Research and Forecasting (3 Credit Hours)
Emphasizes techniques for gathering, analysing, managing, and reporting marketing information. Contents include secondary data collection, indepth interviews, focus groups, survey research, experimental design, forecasting, and multivariate data analysis. The course is project-based and involves hands-on experience designing data collection instruments, collecting and analysing data, preparing and presenting marketing research reports.

MKT 504 Consumer Behaviour (3 Credit Hours)
This course emphasizes the behavioural basis for individual and organisational consumers; choices involved in the acquisition, use, and disposition of goods, services, ideas, and experiences. The course draws upon the latest theory and research in marketing, psychology, and other relevant areas as well as a cross - cultural perspectives. Implications for management, public policy, and consumers are the focus of these investigation.

MKT 505 PURCHASING AND MATERIALS MANAGEMENT ( 3 Credit Hours)
A focus on the cost implications of uncontrolled purchasing of raw materials, spare parts and consumables and costs associated with carrying inventories of the same. The flows of raw materials, pre-assembly, and packaging items, imported materials, etc into and through the production process. The delicate balance between carrying inventories to ensure ready availability and minimizing the costs of carrying that inventory.

MKT 506 ELECTRONIC COMMERCE (3 Credit Hours)
Analysis of the implications of the internet as a vehicle for consumers to purchase goods and services. Areas of study include early perspectives on electronic commerce, critical success factors, competing on the internet, product, promotion, pricing & distribution strategies, designing a web page, trading systems in e-commerce, legal and security issues, and future trends in electronic commerce.

MKT 507 GRAPHIC DESIGN AND ANALYSIS (3 Credit Hours)
Introducing students to the creative process underlying communication design. Areas of study include history and theories of graphic design; the role of visual communication in the information age; digital imaging for design, design as a cultural artifact; graphic design on computers; analysis of visual communication, contemporary design strategies in business, supervised field experiences in organizations, etc.

MMS 501 Management Information Systems (3 Credit Hours)
This course introduces MIS concepts, its evolution, impact factors and benefits; systems, including systems design and system approach; computer systems (hardware and software). Organisational Information Systems (functional systems, hierarchical, matrix, etc). Common business applications. MIS issues, problems and solutions.

MMS 502 Management and Organisational Behaviour (3 Credit Hours)
Course contents will include role, principles and functions of management, decision-making, organisational structures, delegation and control, responsibility and accountability. The Organisational Behaviour component will include human behaviour in organisation, leadership styles and skills, group dynamics, power and politics in organisations, motivation theories and relevance to business organisation.

MMS 503 PROJECT ANALYSIS AND MANAGEMENT (3 Credit Hours)
The course will take students through the process of analyzing selecting and managing projects. Topics covered include generation and screening of project ideas, market and demand analysis, technical analysis, financial analysis, project proposals, criteria for project selection, project organizations, project planning, project control, human aspects of project management, and project management techniques - PERT, CPM.

MMS 504 Entrepreneurship and Small Business Management (3 Credit Hours)
The course will examine the concept of entrepreneurship, its roles in the contemporary African environment, identifying and analysing market opportunities, sourcing for finance, planning for business, basic marketing skills and small business management skills. The problems of entrepreneurs and small to medium-sized enterprises will be analysed in an effort to suggest ways of overcoming them and awaken the entrepreneurial spirit in students.

MMS 505 Human Resources Management & Industrial Relations (3 Credit Hours)
The importance of the human resources in an organisation, the organisation and administration of the personnel function; Human Resources analysis and planning; job design and analysis; recruitment, selection and replacement, training and development, compensation administration including job evaluation and performance related pay; labour and industrial relations, collective bargaining, grievance handling and disciplinary procedures etc.

MMS 506 Productions and Operations Management (3 Credit Hours)
The course covers foundations of production/operation management; managing for quality and high performance; production/operations management and strategic planning; measuring operations performance and work design; product and process design and development; forecasting; capacity planning, facility location; distribution; managing materials; planning, scheduling and control; and problem solving.

MMS 507 MANAGEMENT CONSULTING (3 Credit Hours)
This course is aimed at introducing students to the basics of management consulting. Topics covered include the nature of management consulting, management consulting skills, marketing in management consulting, selling in management consulting, consultancy problem solving, billing for consulting work, consultant-client relationship managing a consulting business.

MMS 508 QUALITY CONTROL MANAGEMENT (3 Credit Hours)
This course empowers the student with measurement tools required to improve process quality in order to increase market share, and profits in today's rapidly changing global economy. It will teach the student to define quality, identify and differentiate between assignable and chance variations, explain the concept of statistical quality control, and construct and interpret process control charts. (Prerequisite: MMS 204 or consent of instructor).

MMS 510 Management of Change (3 Credit Hours)
Designed for practising managers, the course assumes a thorough knowledge of management theory to be able to more critically understand Change Processes and their complications. The contents will cover, the inevitability of change, strategies for change, why change might be resisted, analysis of the change process, leading fundamental change, the organisation process, and the evaluation of the change process.

MMS 511 Strategic Management (3 Credit Hours)
An introduction to the to the concepts of strategy and competitive advantage and their application to business planning, decision-making, control and operations. The course, an integrative one using mainly the case method, covers analysis, planning, implementation and evaluation of business strategies using comparative strategic frameworks and strategy models such as Boston Consulting Group, M. Porter, ANSOFF etc.

MMS 512 Introduction to Business and Company Law (3 Credit Hours)
The course is designed to equip students with the basic knowledge of the laws governing business operations and obligation of officers and institutions of business organisations. Topics covered include contract law, laws relating to sales, employment, tenancy, agency, insurance, powers and legal duties of directors, statutory reports of companies, liabilities and liquidation.

MPA 501 Policy Analysis (3 Credit Hours)
The course focuses on the importance of public policy in Africa. Course contents include Theories of public policy, public policy actors, formulation, implementation and evaluation of public policy, cost benefit analysis, role of Bureaucrats, Ethics and Morality in public policy. Case studies of public policy in African countries.

MPA 502 Public Sector Management (3 Credit Hours)
This course discuss contemporary issues in public sector management in Africa. Topics include public finance; structure of budget; public debt management; Globalisation, Regionalisation and the New World Economic Order; International Aid and Development; Good Governance; the rule of law; human rights; Ethics and Morality; Structural Adjustment; Commercialisation and Privatisation; and Civil Service Reform.