The purpose of this article is to discuss some financial aspects of the future development of higher education in Africa entering the 21st century. Two main aspects can be distinguished: first, problems that concern the economy as a whole, the macroeconomic problems; second, questions that apply to the individual institutions of higher education. The former group includes questions such as: How much will the future expansions of higher education in Africa cost? How large is the capacity of African economies to finance this expansion and to what extent can tuition be applied? The article makes three recommendations to Africa’s higher education: flexible tuition fees; a well-designed loan scheme; and a proactive measure to promote access and quality.
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