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| The board chairperson for NMB Foundation, Ms Ruth Zaipuna, officially announces the commencement of receiving scholarship applications for NMB Nuru Yangu Programme in Dar es Salaam yesterday. From left is a member of the board for NMB Foundation, Mr Juma Kimori, another board member Filbert Mponzi and the foundation’s secretary Consolatha Mosha. |
Launched in September, 2022, the NMB Foundation is a not-for-profit institution that serves as the social arm of Tanzania’s most profitable lender.
“Starting this academic year, we are giving out 200 scholarships whereby 150 will be selected from the best performing Form 5 (A Level) students while the remaining 50 will be those doing their first year of university schooling,” the board chairperson for NMB Foundation and chief executive officer for NMB Bank Plc, Ms Ruth Zaipuna said in Dar es Salaam yesterday.
The programme targets bright and needy students in NMB Bank’s efforts to support them so they can realise their full potential.
NMB Bank will shoulder all the costs associated with the learning needs of the 200 students who will be picked through the programme, with a total of Sh450 million scheduled to be spent this year on the programme. The money covers costs for tuition fees, scholastic materials, transport, health insurance, practical training and laptop computers for the first-year university students.
“The sponsorship covers all the direct costs that a student will need to be in class. We will also mentor all the successful students as part of our efforts to nurture the next generation,” she said.
She said for university students, a particular priority will be directed towards programmes such as Accounts and Statistics, Economics, Engineering, Information and Communication Technology (ICT), Oil and Gas and Medical studies.
“We will work closely with all the relevant stakeholders right from ward level to ensure that eligible students.
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