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Enko Education opens first international school in SA

Africa Global Funds
Nov. 29, 2016, midnight
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Following the $2.2m investment put up by Proparco and I&P in August 2016, Enko Education has opened its first international school in South Africa - Enko Ferndale International School.

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Following the $2.2m investment put up by Proparco and I&P in August 2016, Enko Education has opened its first international school in South Africa - Enko Ferndale International School.

Enko Education is aiming to create a network of private African schools, providing first-class education for the emerging middle classes. 

Its goal is to offer African students an affordable, internationally-recognized curriculum, the prestigious International Baccalaureate Diploma Programme (IBDP), which prepares pupils for the International Baccalaureate (IB) exam. 

Enko Education charges schools fees which are on average a quarter of those charged by other IB schools in Africa. 

Although Enko is targeting the growing African middle classes, it also aims to enroll 10%-20% of students from economically disadvantaged backgrounds in its schools through various scholarship programmes.

The investment put up by Proparco and I&P will help to finance the first years of operation of the existing schools as well as the launch of new schools in 2016 and 2017.

More generally, this funding will support the development of a quality private sector education offering for Africa's middle classes, alongside the efforts being made by governments, assisted by AFD, Proparco’s parent company.

This initiative should eventually create over 1,300 jobs, half of which will be teaching positions for properly trained teachers.

Denis Sireyjol, Proparco South Africa’s Regional Director, said: “By supporting this initiative, we are seeking to increase  access to quality education in Africa, and in South Africa in particular. This initiative speaks to the corner stone of Proparco’s strategy in South Africa and in Africa.”

“This investment is the first direct investment of Proparco in education in Sub-SaharanAfrica, top priority for Proparco. It is also the first direct investment of Proparco in venture capital, early-stage companies being now part of its new global strategy,” he added.

Enko Ferndale International School in Johannesburg will begin welcoming students from January 2017. 

The new institution will start with grades 8, 9 and 10 and grow to include all learners from grades 8 to 12.

The programme will prepare grade 8 to 10 students to take the Cambridge International General Certificate of Secondary Education (IGCSE), and grade 11 and 12 students for the International Baccalaureate Diploma Programme (IBDP). Enko Ferndale International School will also offer the Enko Education university admission counselling programme, designed to help students navigate the application processes for admissions and scholarships to top universities around the world.

About Our Publication

Africa Global Funds (AGF) is a monthly magazine for asset management professionals and institutional investors worldwide interested in the African continent. AGF was created as a relevant and engaging resource that can provide readers with an insight of what is going on in the African asset management space. Drawing on an intense dialogue with a constantly expanding group of key decision-makers in the industry, we cover traditional and alternative asset classes of African asset management. From this dialogue we work hard to produce a compelling blend of hard news, incisive commentary, detailed sector and regional reports, exclusive interviews and proprietary data.

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