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16 Aug 2016

George Ngigi, Daily Nation (Kenya)

Kenya: Equity Group sponsors 64 students from poor backgrounds to top global universities

"Equity Group sponsors 64 students to top US universities"

Equity Group has sponsored 64 students to top universities in the United States such as Harvard, Yale, Stanford and Massachusetts Institute of Technology (MIT) as it pushes to develop top talent under its leadership programme. The bank is currently sponsoring 329 students in global universities with a total scholarship value of Sh8.2 billion.

“This programme epitomises the Tom Mboya academic airlift in the 1960s that saw the likes of Barack Obama Snr and the late Nobel Laureate Prof Wangari Maathai, who later impacted our country in social economic development,” said chief executive James Mwangi. Equity Leadership Programme has now supported 3,405 scholars since inception with 90 per cent admitted to local public universities. Equity Bank in partnership with MasterCard foundation has invested in sponsoring bright and needy children through secondary and university education. Education in internationally recognised universities has been a preserve of wealthy families enabling them to secure top jobs locally and abroad.

...Other institutions offering education scholarships in the country include KCB, Tullow Oil, Family Bank, Co-operative and beer maker East African Breweries Limited.