50,000 scholarships could be awarded to Rwandan students over the next five years, thanks to an agreement signed on Monday, September 8, between the Ministry of Education and WorldQuant University, a global institution that offers free online programmes.

ALSO READ: Türkiye grants scholarships to 60 Rwandan students

The students will have opportunities to study in fields such as Financial Engineering, Data Science, and Artificial Intelligence, the ministry said on Tuesday.

ALSO READ: Top scholarships, fellowships Rwandans can apply for in 2025

"This collaboration aims to expand educational opportunities, promote excellence in quantitative disciplines, and create pathways for internships, mentorships, and career advancement,” reads the statement.

The US-based WorldQuant University is accredited by the Distance Education Accrediting Commission (DEAC). According to its website, the university has students in over 150 countries who are enrolled in its Master of Science in Financial Engineering Program and Applied Labs.

Education officials say the partnership will also strengthen Rwanda’s position as a hub for higher education and innovation in Africa.