EXIM bank Tanzania has donated over 10m/- to support the Bank of Tanzania's (BoT) Mwalimu Julius Nyerere Memorial Scholarship Fund.
The central bank, earlier last month, announced its plans to sponsor six undergraduate and postgraduate students pursuing Mathematics, Science and Technology studies under the Mwalimu Julius Nyerere Memorial Scholarship Fund.
BoT Deputy Governor (Economic and Financial Policies) Natu Mwamba, speaking during a handover event at BoT Headquarters in Dar es Salaam over the weekend, said the fund is dedicated to sponsoring undergraduate female students pursuing studies in the country's universities this year.
"The scholarship will be granted on academic merit and base on a rigorous selection process," said Dr Mwamba, adding that successful applicants will be granted full scholarship and lap tops.
The scholarship covers all direct university costs-- tuition and registration as well as direct student costs--meals, accommodation, books and stationery, practical training, special faculty requirements and other related costs.
Exim Bank Tanzania Managing Director Anthony Grant, speaking at the event, said: "Our institution appreciates the importance of supporting education of promising youth for the future of the nation."
Exim Assistant Marketing Manager Anita Goshashy said, "As part of our Corporate Social Responsibility (CSR), the bank has already supported a number of initiatives in education."
President Jakaya Kikwete officially launched the Mwalimu Julius Nyerere Memorial Scholarship Fund in Arusha last year to promote interest and excellence in Mathematics, Science and Technology courses among female students.
The fund intends to sponsor at least 25 eligible students annually, with the scholarship beneficiaries including top female best performers in the subjects, admitted at Tanzanian universities for undergraduate studies.