Director of Higher Education in the ministry of Education and Vocational
Training, Prof Sylvia Temu (centre),launches a loan programme for
students in Dar es Salaam on Sunday.
PHOTO | MICHAEL MATEMANGA.
By Bernard Lugongo,The Citizen
In Summary
“This is real innovation, in this country we are
hungry of innovation, no one has ever come with this idea of supporting
government’s efforts in loan provision to higher students both inside
and outside the country,”
Dar es Salaam.The Global
Education Link (GEL) has partnered with Bank of Africa (BOA) to offer
loans to students for them to pursue higher education abroad.
The two partners launched the loan programme in
Dar es Salaam on Sunday evening and at least 3,000 students are expected
to benefit from over Sh40 billion allocated for the first phase of the
programme.
The Director of Higher Education at the ministry
of Education and Vocational Training, Prof Sylvia Temu referred to the
loans as being a timely solution.
“This is real innovation, in this country we are
hungry of innovation, no one has ever come with this idea of supporting
government’s efforts in loan provision to higher students both inside
and outside the country,” Prof Temu said. She called on other
stakeholders in the private sector to do the same under the
public-private partnership (PPP) since the government could not afford
to finance all students due to inadequate funds. Giving details on the
loans, Mr Abdulmalik Mollel, managing director of the GEL, said they
decided to offer loans on realising that over 99 per cent of parents or
guardians who desire to send their children overseas cannot afford to
pay fees in full. Many parents manage to pay between 50 and 60 per cent
of the fees only
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