NAIROBI, Kenya, Mar 6 – At least 8,000 needy students across 20 counties will get scholarships courtesy of Optiven Foundation’s Soaring Eagles Scholarship Programme.
This is after private equity firm Fusion Capital injected Sh2 million into the Foundation to boost the number of students supported by the program and enhance access to education in Kenya.
Optiven Foundation Chairman and Trustee George Wachiuri said the cash injection will support the Foundation’s day school intervention program that seeks to support 20 students per day school, in 20-day schools, in 20 counties.
“Focusing on education in Kenya, empowerment, and sponsorship on the needy deserving children will have a tremendous effect on these students’ lives,” the CEO said.
The Foundation’s programme has been designed to give hope to bright, deserving children by giving them the opportunity to obtain an education and resultant benefits including better educational outcomes.
Wachiuri said the Foundation, which is owned by real estate firm Optiven group, partnered with the Ministry of Education to identifying day schools that had students with dire needs across the country.
Commenting on the deal, Fusion Capital’s Chief Executive Daniel Kamau said the grants would create an impact on the lives of some of Kenya’s brightest students.
“Whereas the provision of basic amenities such as food and shelter is great, education supersedes them as it has the power to transform one’s life. We believe in a double bottom-line approach where we deliver profits to our investors and social impact in the communities where we invest,” said Kamau.
The deal between the two organizations comes at a time when students continue to fail further their studies despite the government’s objective of achieving a hundred percent transition to secondary schools.