President Jakaya Mrisho Kikwete is expected to officially launch the “Mwalimu
Nyerere Memorial Scholarship Fund”, which was established by the Bank of
Tanzania (BoT) in 2009 in Arusha next week.
The event will take place during the BoT’s 16th Conference of Financial
Institutions (COFI) which starts from 26th to 27th of November 2012, at the
Arusha International Conference Centre (AICC) whose opening ceremony will
also be graced by the presence of Dr. Kikwete.
COFI is a forum that was created in 1980 under the auspices of the Bank of
Tanzania. It brings together, every two years, heads of financial
institutions, their officials and other stakeholders to exchange views and
experiences on matters related to and relevant to the financial system and
the country’s economy.
The theme of the 16th Conference is “Financial Innovations and Financial
Inclusion in Tanzania”. *It aims at highlighting the role of financial
innovations in Tanzania in supporting financial inclusion, as well as the
regulatory and monetary policy challenges arising thereof.
The BoT Governor Prof. Benno Ndulu said yesterday that, the Fund was
championed by the Bank of Tanzania with a view to sponsoring undergraduate
students, particularly female students who pursue Mathematics or Science
subjects at their Advanced Secondary Education Level, and passed with an
outstanding performance to pursue first degrees in the related fields in
Tanzanian Universities.
In addition, the Governor said the Fund will also sponsor both female and
male students in the fields of Economics, Information Technology, Accounts
and Finance to pursue first degrees in Tanzanian Universities.
The Fund was established on 12th October 2009 in commemoration of the Late
Mwalimu Julius Kambarage Nyerere, the Father of the Nation and an
international icon.