Masinde Muliro University of Science and Technology has unveiled a new scholarship fund and opportunity worth Sh50 million.
The MMUST Merit Student Support will support about 166 students. The initiative will give both scholarships and interest-free loans to students.
Recently approved by the university management council, the scholarship fund will run for the next three years sponsoring postgraduate studies for those yet to secure employment.
MMUST has set the eligibility for securing the scholarship on being a graduate and an alumnus of the institution.
Speaking during the launch last week, the acting Vice Chancellor Solomon Shibairo stated that the programme was part of the allocation set aside in the last two years.
He noted that the move was part of the university’s own way of adding value to graduates through mentor-ship and provision of employment opportunities.
“There is a need to have such programmes in all institutions. We are helping the government bridge the gap of unemployment and lifting graduates economically. The students are also granted employment opportunities as they study,’’ said Shibairo.
Prof Shibairo says, the beneficiaries will receive monthly stipends of Sh30,000 as they study.
Scholarship Fund to Promote Cheap labor
However, the university also plans to use them in acquisition of cheap labor.
“We plan to have them work in various departments. It will help to cut cost of operation. The students will provide services in their respective schools as they study,’’ he added.
The scholarship failed to kick off last year due to financial constraints.
Consequently, Registrar Academic Affairs Mr Thomas Sakwa expresses optimism in the initiative. He termed it a game changer pointing out that it will equip students with on-job skills.
“Graduates across the country are finding it rough to secure jobs. Most are wasting away in the villages after giving up on looking for employment. We would love to take many students but we are limited by finances,’’ noted Prof Sakwa.