BoT's Nyerere Scholarship Fund gets Exim Bank boost

 The Bank of Tanzania (BoT) Deputy Governor Economic and Financial Policies Dr. Natu Mwamba (left)   receives a 10m/- dummy cheque from the Exim Bank Tanzania Managing Director Anthony Grant (second right) in fulfillment to the bank’s pledge to support  BoT’s Mwalimu Julius Nyerere Memorial Scholarship Fund. 
 The Exim Bank Tanzania Managing Director Anthony Grant (right) explains a point to the Bank of Tanzania (BoT) Deputy Governor Economic and Financial Policies Dr. Natu Mwamba (left)   shortly before handing over a 10m/- cheque in fulfillment to the bank’s pledge to support  BoT’s Mwalimu Julius Nyerere Memorial Scholarship Fund.
The Exim Bank Tanzania Assistant Marketing Manager Anita Goshashy (right) clarifies a point during the event. Looking on at the left is the Photo by Staff Photographer. The Exim Bank Tanzania Managing Director Anthony Grant. 
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EXIM bank Tanzania has handed over ten million shillings to support Bank of Tanzania’s (BoT) Mwalimu Julius Nyerere Memorial Scholarship Fund, as Exim Bank’s commitment to supporting the education sector.

BoT earlier last month announced that it was to sponsor six undergraduate and post graduate students pursuing maths, science and technology studies under the Mwalimu Julius Nyerere Memorial Scholarship Fund.

Speaking during a handover event held at the BoT headquarters in Dar es Salaam at the weekend, the Bank of Tanzania (BoT) Deputy Governor Economic and Financial Policies Dr. Natu Mwamba said the Fund is dedicated to the sponsorship of undergraduate female students pursuing maths, science and technology studies in the country’s varsities this year.

“The fund will sponsor both male and female Tanzanians pursuing undergraduate degrees in economics, information technology, accounting and finance as well as students intending to pursue master’s programmes in those fields. “The scholarship will be granted on academic merit and be based on a rigorous selection process, it said, adding that successful applicants will be granted full scholarship including a lap top, ” she said.

Dr Mwamba said the scholarship will cover all direct university costs -- tuition and registration and all direct student costs-- meals, accommodation, books and stationery besides field practical training, special faculty requirements and other related costs as specified in the respective Institutions’ cost structure. The Exim Bank Tanzania Managing Director Anthony Grant during the occasion said, “Our institution appreciates the importance of supporting the education of promising youth for the future of the nation.”

The bank’s Assistant Marketing Manager at Exim Bank, Anita Goshashy, added, “As part of our Corporate Social Responsibility (CSR), the bank has already supported a number of initiatives in education.”

The Mwalimu Julius Nyerere Memorial Scholarship Fund was formally launched in Arusha last year by H.E. President Jakaya Kikwete with an objective of promoting interest and excellence in maths, science and technology courses among female students.

Every year the Fund intends to sponsor at least 25 eligible students and beneficiaries of the scholarship will include top female best performers in math or science subjects and admitted at a Tanzanian university to pursue undergraduate studies on a full-time basis.

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