NMB allocates TZS 1 billion to empower 50 young Tanzanians


By Our Correspondent

Fifty high-performing young Tanzanians from families facing financial hardship will receive university education and career-readiness support after NMB Foundation (NMBF), working with NMB Bank, allocated TZS 1 billion for the 2026/27 academic year.
The support will be provided through the third intake of the Nuru Yangu Scholarship and Mentorship Programme.

All applications must be submitted through the NMB Foundation website, foundation.nmbbank.co.tz, from today until September 18, 2026.

The programme targets Tanzanians who completed Form Six this year with a Division One score of three to five points. Applicants must demonstrate financial need and be preparing to join recognised higher learning institutions in Tanzania.
Speaking in Dar es Salaam, NMB Foundation General Manager Nelson Karumuna said the 50 successful applicants would join 101 students supported through the programme’s first two intakes.

Their inclusion will bring the total number of beneficiaries to 151. NMBF has spent more than TZS 2.1 billion on the previous two intakes, with a further TZS 1 billion committed to the new cohort.

“The support will cover tuition fees, living expenses, field practical training, compulsory university charges and learning materials, including laptops,” Karumuna said.


He added that the beneficiaries would receive academic mentorship, leadership development, employment preparation and practical learning opportunities.

Karumuna stressed that the application process is free and that no individual or organisation has been authorised to sell or facilitate scholarship places. Selection will be based on the published criteria and a detailed verification process intended to ensure the support reaches eligible students.

The Nuru Yangu Scholarship and Mentorship Programme was launched on May 19, 2022, to remove financial barriers preventing academically capable young Tanzanians from pursuing higher education.

One of its beneficiaries, Elia Johnson Kaberege, who graduated with a bachelor’s degree in accounting from the University of Dar es Salaam in 2025, said the programme covered education costs that his family could not afford.


Another beneficiary, Irene John Busorwa, a graduate of Mzumbe University, said financial difficulties had nearly prevented her from enrolling at university. 

Nuru Yangu supported her through three years of study, and she is now employed by an audit firm.
NMBF is urging eligible young Tanzanians to apply through the official website before the September 18 deadline.

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