Programme Overview
A two-year master's programme providing in-depth training in economics, finance, policy, and engineering principles applied to Africa's energy sector. Graduates analyse markets, regulation, and investment decisions for utilities, governments, and development partners.
Delivered at ACE-ESD in Kigali, the programme builds a critical mass of energy economists on the continent at a fraction of the cost of comparable programmes abroad.
Duration
- 2 years (4 semesters)
Study Mode
- Full-time
Credits
- 240 credits (Master's Degree)
- Modular coursework and dissertation
Educational aims:
- Apply micro- and macroeconomic tools to energy markets, pricing, and policy.
- Conduct econometric and financial analysis for energy projects and utilities.
- Assess risk, regulation, and public–private investment in the energy sector.
- Link engineering fundamentals with economic evaluation of power and energy systems.
- Produce research and policy advice for sustainable energy sector transformation in Africa.
Why Choose This Programme?
- Specialised energy economics training hosted at a regional Centre of Excellence.
- Blend of economics, finance, policy, and energy systems foundations.
- Faculty and guest expertise in regulation, utility economics, and energy access.
- Affordable, Africa-based alternative to overseas master's programmes in energy economics.
Career Paths:
- Energy Economist: utilities, regulators, and ministries
- Policy Analyst: energy sector reform and regional trade
- Project Appraisal Specialist: generation, transmission, and access investments
- Risk & Finance Manager: energy trading and corporate finance
- Consultant: tariff design, PPPs, and regulatory advisory
- Researcher or PhD candidate in energy economics
Scholarship Opportunities
- Mastercard Foundation Scholars Program (https://mcfsp.ur.ac.rw/)
- Higher Education Council (HEC) (https://www.hec.gov.rw/updates/scholarships)
Programme Structure
The MSc in Energy Economics consists of 240 credits over four semesters (two years). Each semester is 15 weeks long, including 12 weeks of teaching, 1 week for revision, and 2 weeks for examinations.
Semester 1 (55 Credits)
| Module Code | Module Name | Credits | Contact Hours |
|---|---|---|---|
| EEC 6161 | Power and Energy Systems | 10 | 36 |
| EEC 6162 | Microeconomics of the Energy Sector | 10 | 36 |
| EEC 6163 | Energy Economics I | 15 | 48 |
| EEC 6164 | Econometrics I | 10 | 36 |
| EEC 6165 | Research Methodology | 10 | 36 |
Semester 2 (65 Credits)
| Module Code | Module Name | Credits | Contact Hours |
|---|---|---|---|
| EEC 6261 | Corporate Finance and Business Communication | 10 | 36 |
| EEC 6262 | Risk Management in the Energy Sector | 15 | 48 |
| EEC 6263 | Energy Economics II | 15 | 48 |
| EEC 6264 | Advanced Econometrics | 15 | 48 |
| EEC 6265 | Macroeconomics | 10 | 36 |
Semester 3 (40 Credits)
| Module Code | Module Name | Credits | Contact Hours |
|---|---|---|---|
| EEC 6361 | Energy Policy, Regulation and Governance | 15 | 48 |
| EEC 6362 | Energy Project Appraisal and Investment | 15 | 48 |
| EEC 6363 | Research Seminar | 10 | 36 |
Semester 4 (80 Credits)
| Module Code | Module Name | Credits | Contact Hours |
|---|---|---|---|
| EEC 6461 | Dissertation | 80 | 288 |
Assessment Strategy
Course Modules:
- Continuous Assessment: 60%
- Final Examination: 40%
- Minimum passing score: 60%
Dissertation:
- Written report
- Presentation
- Oral examination by external examiner(s)
Admission Requirements
- Bachelor's degree in Economics, Accounting, Statistics, Engineering, Agricultural Economics, Quantitative Economics, Finance, or related fields
- Minimum Second Class, Upper Division; or
- Second Class, Lower Division with 2 years relevant work experience
- Sufficient English language proficiency
Application Timeline
September 2026 intake
Application Phase
Call open 5 June – 30 June 2026
Application deadline 1 July 2026
Admission Phase
Application review 2 July – 31 July 2026
Notification of acceptance 1 August – 25 August 2026
Admission letters issued 26 August – 10 September 2026
Enrollment Phase
Registration and fee payment 11 September – 30 September 2026
Induction week and classes begin September 2026
Apply via the UR postgraduate application portal. For ACE-ESD programme questions, email uraceesd@ur.ac.rw.
Tuition Fees
Current authorized fee
https://ur.ac.rw/IMG/pdf/fees_structure_2018_2019_combined-pivote.pdf
Programme Leader: Dr. Emmanuel Ufiteyezu
Email:ufiteyezuem@yahoo.fr
Phone: +250782122418
Address: College of Science and Technology, University of Rwanda
P.O.BOX BP 3900, Kigali