NMB earmarks 1.0bn/- for scholarship programme

NMB earmarks 1.0bn/- for scholarship programme
NMB earmarks 1.0bn/- for scholarship programme

Africa-Press – Tanzania. NMB Bank Foundation has set aside 1.0bn/- for the NMB Nuru Yangu Scholarship and Mentorship Programme during the 2023/24 fiscal year.

The programme targets 130 beneficiaries as part of the foundation’s commitment to facilitate bright and underprivileged students to access higher education.

NMB Bank Chief Executive Officer Ruth Zaipuna, who is also the Foundation Chairperson, reaffirmed their commitment to continue supporting various sustainable development projects across the country.

“NMB Foundation announces the opening of the application window for the Nuru Yangu Scholarship and Mentorship Programme for 2023/2024,” she said when opening the programme’s second phase at the weekend.

The scholarship programme last year received 65 successful candidates and targeting to get 65 this year as well.

Ms Zaipuna noted that the NMB Foundation will continue working with other potential development partners across the country including the government to support Corporate Social Investments (CSIs) in its key priority areas including education, health, entrepreneurship and environment among others.

Earlier, the NMB Foundation General Manager Mr Nelson Karumuna said the second phase of the scholarship and mentorship programme targets students with an interest in accounts and statistics, economics, engineering, information and communication technology (ICT), oil and gas and medical studies.

“As a Foundation, we will foot all the associated costs for the successful candidates to be in class including tuition fees, scholastic materials, transport, health insurance and a laptop computer.

We will also secure practical training and mentorship opportunities for the successful candidates to enable them realise their full potential,” Mr Karumuna said.

The first beneficiaries of the programme are pursuing their higher education at various universities namely the University of Dar es Salaam (UDSM), Sokoine University of Agriculture (SUA), Ardhi University, University of Dodoma (UDOM) and Mzumbe University among others.

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