The franc became the currency of Rwanda in 1916, when Belgium occupied the previously German colony and the Belgian Congo franc replaced the German East African rupie. Rwanda used the currency of Belgian Congo until 1960, when the Rwanda and Burundi franc was introduced. Rwanda began issuing its own francs in 1964. There are plans to introduce a common currency, a new East African shilling, for the five member states of the East African community.
Source: Wikipedia
HBCU Money™ presents the Top 20 ranked African Diaspora colleges and universities. The rankings are based on the world rankings from Webometrics, an initiative of the Cybermetrics Lab, a research group belonging to the Consejo Superior de Investigaciones Científicas (CSIC), the largest public research body in Spain.
HIGHLIGHTS:
Below are the objective and methodology per the Webometrics website:
Objective: The original aim of the Ranking was to promote Web publication. Supporting Open Access initiatives, electronic access to scientific publications and to other academic material are our primary targets. However web indicators are very useful for ranking purposes too as they are not based on number of visits or page design but on the global performance and visibility of the universities.
Methodology: The Webometrics is the largest academic ranking of Higher Education Institutions. Since 2004 and every six months an independent, objective, free, open scientific exercise is performed by the Cybermetrics Lab (Spanish National Research Council, CSIC) for the providing reliable, multidimensional, updated and useful information about the performance of universities from all over the world based on their web presence and impact.
COLLEGE/UNIVERSITY – WORLD RANK – COUNTRY
Source: Webometrics
Posted in Lists
Tagged african colleges, American University in Cairo, cairo university, florida a&m university, hampton university, HBCUs, Howard University, Makerere University, Mansoura University, norfolk state university, Obafemi Awolowo University, Rhodes University, Stellenbosch University, university of cape town, University of Dar Es Salaam, University of Johannesburg, University of Kwazulu Natal, University of Nairobi, University of Pretoria, University of South Africa, University of the Western Cape, University of the Witwatersrand, webometrics
School Name: Albany State University
Median Cost of Attendance: $17 982
Undergraduate Population: 4 187
Endowment Needed: $1 505 812 640
Analysis: Albany State University needs approximately an endowment of $1.5 billion for all of its undergraduates to attend debt free. It is located in Georgia’s eighth largest city which boast a population of almost 80 000 according to the last census. Albany is also a city where the African American population comprises over 70 percent of the population. The school’s current endowment is only 1 percent of the needed endowment. This is a note of concern given Albany State University has the second highest reported student loan debt per graduates in the SIAC and 90 percent of their graduates have some sort of student loan debt. The 90 percent is actually in line with the HBCU average, but still 35 percent above the national average. Being located in the southwestern part of Georgia gives the school geographic advantage to the panhandle of Florida for recruitment opportunities. Opportunities abound for Albany State University, but key to them will be finding a way to get alumni connected in such a way that their endowment is doubling every year for the next ten years. Otherwise, they will continue to be on the list of schools to watch and we have already seen in Georgia that merger talk is never far away.
As always it should be noted that endowments provide a myriad of subsidies to the university for everything from scholarship, faculty & administration salaries, research, and much more.
The first popular book to recount the exciting, very recent developments in tracing the origins of language, The First Word is at the forefront of a controversial, compelling new field. Acclaimed science writer Christine Kenneally explains how a relatively small group of scientists that include Noam Chomsky and Steven Pinker assembled the astounding narrative of how the fundamental process of evolution produced a linguistic ape?in other words, us. Infused with the wonder of discovery, this vital and engrossing book offers us all a better understanding of the story of humankind.
Posted in Books
Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.
Research
Does particle physics matter? Argonne’s Pete Winter weighs in. | Argonne http://bit.ly/1d6xnKt
3 ways Apple’s new iPhones should change your life l Computer World http://shar.es/zqG1i
How the Snowden Effect Is Paralyzing CIOs l Computer World http://ow.ly/obtvX
Black Hole Analogue Discovered in the So. Atlantic Ocean l SLAC http://bit.ly/13JdjK4
Most precise clock could help detect how an object just 1 cm above another might age differently l New Scientist http://ow.ly/obtHv
Is the US Department of the Interior Committing Cultural Genocide And Ecocide? l Clean Technica http://dlvr.it/3rNwtg
Federal Reserve, Central Banks, & Financial Departments
Grassley blames university ‘perks’ for rising college costs l Floor Action http://bit.ly/14Im3uT
Irrigated cropland value jumps 25 percent in the Tenth District. l Kansas City Fed http://ow.ly/obwdJ
Five mega banks dish out $51.3B in aid to borrowers l Housing Wire http://hwi.re/3rPZDf
The Fed’s Role in Cash Distribution: Learn about our role in maintaining confidence in the U.S. currency l SF Fed http://ow.ly/obwDS
Future looks brighter for high-skilled and low-skilled workers than it does for those in between l St. Louis Fed http://bit.ly/11PWjQh
India aims to create 70-100 million manufacturing jobs by 2025. But how? l World Bank http://wrld.bg/o93WM
Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.
