Department of Banking and Finance

HoD’s Welcome Note

This note serves to welcome you to the Department of Banking and Finance of the Moshi Co-operative University. The Department of Banking and Finance was established in 2004 when the then Moshi Co-operative College transformed into the Moshi University College of Co-operative and Business Studies (MUCCoBS) of the Sokoine University of Agriculture. The department maintained its existence even after the University College became a full fledged, Moshi Co-operative University. The Department is mandated with the task of running undergarduate and post graduate programmes and non-degree programmes that focus in the áreas of  banking and micro-enterprise financing.  We also run short courses and carry out consulting work related to microfinance, banking,  rural and co-operative finance. With a diverse intake of students and experienced members of staff, students benefit from knowledge and skills sharing rooted in demand-driven curricula that have been built around an interdisciplinary and hands-on approach. The approach provides students with the opportunity to undertake  field work and develop write ups that translate into viable businesses during and after university studies.

Tumaini Yarumba
Head of Department

On the other hand, the infrastructures available at MoCU offer a conducive environment for students to carry on their studies more productively by merging theory and practices. The library services available offer a wide range of finance and banking materials. On the other hand, central location of the University allows the students in the department to interact with the community and learn by doing.

The Department has qualified instructors, researchers and consultants in various areas of finance, micro-finance and banking. Some of them are practicing business consulting and counselling assignments locally and internationally. In various occasions they have been engaged in national and international consultancy works which were successfully executed. Some have also published journal articles in various reputable journals in areas of micro-enterprise finance,  banking and community finance.

The Department is keen to ensure that the country and other regions benefit from rich micro-finance and banking expertise inherent within faculty members. The Department’s  ultimate goal is to enable its graduates create jobs by employing themselves and others by providing leadership in micro-enterprise financing and community participation.  

Academic Programmes

Postgraduate Diploma in Accounting and Finance (PGD AF)

This programme is designed to equip the candidates with appropriate knowledge and skills to deal with complex issues in accounting and finance in the national and international competitive business environment. Graduates of this program should be able to take up accounting and finance positions in organizations. Specifically, the programme aims to:
• To equip candidates with a blended high level accounting and finance knowledge and skills so as to become professionals in their fields
• To enable candidates appreciate ethics relevant to the accounting and finance professions
• To prepare candidates to undertake further training.
Applicants to this programme should be holders of
• A relevant Bachelor degree from recognized institutions of higher learning, or
• A relevant Advanced Diploma from recognized institutions of higher learning

Postgraduate Diploma in Savings and Credit Co-operative Societies Management (PGD SACCOS)

This program is designed to equip practitioners in SACCOs and other MFIs with appropriate knowledge and skills to carry out managerial functions in SACCOS and other MFIs and to undertake consultancy services at the local and international competitive business environment. It also serves as a bridging programme between advanced diploma and Master Programmes. The progarmme is full time, two semester covered within one academic year. Applicants for this progarmme should be holders of:
• Advanced Diploma in Cooperative training or in Management of community based institutions, or
• First Degree in Business or Social related disciplines such as Commerce, Economics, Sociology, community development, etc.

Bachelor of Arts in Microfinance and Enterprise Development (BA MFED)

This is a full time three year undergraduate program covered in six semesters. Applicants BA-MFED should have obtained a Certificate of Secondary Education Examination (CSEE) or equivalent with passes in five approved subjects, obtained prior to sitting for the Advanced Certificate of Secondary Education Examination (ACSEE) or equivalent; and at least two Principal level passes and a total of at least 4.5 points in relevant subjects in the Advanced Certificate of Secondary Education Examination (ACSEE). For those to be admitted with Equivalent Qualifications, it should be at least a Diploma in business-related programmes from an accredited/recognized institution of education of not less than upper second-class and an ‘O’ level credit pass of at least C grade in English.
Applications for admissions are normally invited once a year between April and September. The detailed information about the application procedures and requirements are usually stated through the University main website and many other outlets.

Diploma in Microfinance Management (DMFM)

This programme is designed to enable candidates to manage viable MFIs. It ensure that candidates are equipped with the necessary skills in initiating, establishing and sustaining viable MFIs. Emphasis are be given to essential tools for microfinance management such as savings mobilization, credit management, governance, networking and problem solving skills. Minimum entry requirements for this diploma programme are: at least two advanced level passes in Economics, Mathematics, Commerce, Accounting, Physics, Chemistry, Biology, Geography, History, English, and Agricultural Science with at least TWO points. Points are counted as: A=5, B=4, C=3, D=2, E=1, S=0.5. For candidates with equivalent qualifications the minimum entry requirements for this diploma programme are: holders of Certificate in Microfinance Management, Professional Certificate in SACCOS Management, Certificate in Management and Accounting and Certificate in Accounting and Finance from MoCU or any other relevant qualification from institutions recognized by accreditation authorities or professional boards.

Certificate in Microfinance Management (CMF)

This is is a two semester programme designed to equip candidates with basic knowledge and skills in microfinance to handle lower level basic microfinance functions. Specific objectives are:
• To equip candidates with basic knowledge and skills in microfinance accounting and management
• Enable candidates to appreciate and apply basic principles and practices of microfinance management
Direct Admission requirements
Form IV Certificate holders with four credit passes including English and Mathematics/Bookkeeping/Commerce/Physics/ Geography/Chemistry.
Equivalent Admission qualifications
• Form IV Certificate holders with Basic Bookkeeping Certificate
• Form IV Certificate holders with NABE stage II to III
• Form IV certificate holders with Pre-foundation Certificate of profesional boards
• Or any other qualifications as shall be determined by the Senate.

Certificate in Accounting and Finance (CAF)

This is is two semester programme designed to equip candidates with basic knowledge and skills in accounting and finance to handle lower level basic accounting and finance functions. Specific objectives are:
• To equip candidates with basic knowledge and skills in accounting and finance.
• Enable candidates to appreciate and apply basic principles and practices of accounting and finance.
Direct Admission requirements
• Form IV Certificate holders with four credit passes including English and Mathematics/Bookkeeping/Commerce/Physics/ Geography/Chemistry.
Equivalent Admission qualifications
• Form IV Certificate holders with Basic Bookkeeping Certificate
• Form IV Certificate holders with NABE stage II to III
• Form IV certificate holders with Pre-foundation Certificate of profesional boards
• Or any other qualifications as shall be determined by the Senate.

Staff of the Department