Africa Scholarship Fund 2026: Apply Now for Fully Funded Actuarial Support

The Africa Scholarship Fund is now open for applications for the April 2026 examination cycle. This initiative aims to empower aspiring actuaries across Africa who face financial challenges in achieving their professional qualifications.

   

The scholarship provides full support for selected candidates to take their Institute and Faculty of Actuaries (IFoA) exams, starting with CS1 (Actuarial Statistics) and CM1 (Actuarial Mathematics).

About the Africa Scholarship Fund

The Africa Scholarship Fund is a specialized financial and academic support program created to promote actuarial education across Africa.

Launched in partnership with the Institute and Faculty of Actuaries (IFoA), the scholarship helps break financial barriers for bright and motivated students who have the potential to excel in the actuarial profession but lack the necessary resources to begin their certification journey.

Beyond funding, this initiative also supports the IFoA’s global mission to increase diversity and inclusion in the actuarial profession—ensuring that talented individuals from underrepresented regions gain equal access to opportunities worldwide.

Learn more about the IFoA here: https://www.actuaries.org.uk

What the Scholarship Covers

Successful applicants will receive a comprehensive support package, including:

• Full payment of IFoA exam fees for CS1 and CM1
• Three months of structured tutorials, delivered by expert actuarial educators
• Mentorship and career guidance from qualified actuaries throughout the exam preparation period

This unique combination of financial, academic, and professional support equips recipients with the tools they need to succeed in their early actuarial exams.

Eligibility Requirements

To qualify for the Africa Scholarship Fund 2026, applicants must:

• Be a citizen of an African country
• Be a current university student or a recent graduate (within the last two years)
• Have a strong academic background in mathematics, statistics, or a related field
• Demonstrate financial need and lack of alternative funding options for professional exams
• Show a genuine commitment to a career in actuarial science

Applicants who have previously attempted IFoA exams but have not yet passed are also encouraged to apply, provided they meet all eligibility requirements and demonstrate continued dedication to the profession.

Required Documents

Applicants are required to upload the following documents with their application:

• Academic transcripts for all completed university years
• Degree certificate, if already graduated
• Letter of recommendation from a university lecturer or employer, highlighting your academic ability, motivation, and suitability for the actuarial profession

Only complete applications will be reviewed. Incomplete or late submissions will not be accepted.

Selection Process

Selection is competitive and based on:

• Academic merit
• Proven financial need
• Potential for success in the actuarial field

All applications will be reviewed by a panel of qualified professionals. Shortlisted candidates will be contacted via email for interviews or to provide additional documents, if required.

Application Deadline

The application deadline is November 16, 2025.
Late submissions will not be considered.

How to Apply

Interested candidates should apply directly through the official Africa Scholarship Fund portal

The application page includes detailed instructions on how to complete your form, upload your documents, and track your submission.

For any inquiries or technical issues, please contact the scholarship team via the contact information provided on the portal.

Why You Should Apply

This scholarship offers more than just financial support—it’s a gateway to a global career in actuarial science.

Recipients benefit from world-class exam preparation, professional mentorship, and connections to a global network of actuaries.

For many aspiring actuaries in Africa, the cost of IFoA exams is a major barrier. The Africa Scholarship Fund aims to remove that obstacle—ensuring that talent, determination, and potential, not financial limitations, define your success.

Spread the Word

If you’re not eligible but know someone who meets the criteria, please share this opportunity. The Africa Scholarship Fund is committed to reaching as many deserving candidates as possible across Africa.

For full details and application guidelines, visit the official website.

More Opportunities: