Association of African Higher Education Financing Agencies (AAHEFA) is an entity that brings together institutions from African Continent, which deals with issuance of loans, bursaries/grants and scholarship to higher education students as well as collecting back the loans issued. This entity was formed in 2008 and formally registered in Tanzania where the headquarters are currently located.
AAHEFA was formed with initial Membership of three agencies namely Higher Education Students’ Loans Board (HESLB) Tanzania, Higher Education Loans Board (HELB) Kenya and Students Financing Agency for Rwanda (currently known as Higher Education Students Loans Department (HESLD). The main objective was to serve as the apex organization and principal forum for sharing of information and experiences on common matters and to increase students’ access to higher education within and outside Africa.
Of recent times the Financing of higher education in Africa has been at a critical juncture, deviating from purely Government subvention to all students in Higher Education Institutions to cost sharing which also invites an indirect support of public funding through students loans.
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