The government of Tanzania plans to set up a $200 loan program to help students in high schools. The information was reported following a council of ministers held on July 21.
According to the institution, the operation called Higher Education Students' Loans Board (HESLB) will target 145,000 students (including 54,000 freshmen) in the country's universities and higher education institutions for the academic year 2020-2021.
This comes at a time when the pandemic has disrupted the Tanzanian academic year. After three months of closure to slow the spread of the virus, the authorities decided to reopen schools at the end of June.
In this difficult context, the HESLB operation aims to help Tanzanian students finance their studies. The new funds are moreover higher than the $194 million that was granted for the year 2019-2020, which had benefited 132,119 students in total. Loan applications are expected to be submitted between July 21 and August 31, 2020.
Moutiou Adjibi Nourou
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Liberia granted TotalEnergies rights to explore four offshore blocks totaling 12,700 km². The French group will run a program including 3D seismic...
Empower New Energy got approval to develop a 4 MW solar plant in Awasi, Kenya. The $2.5 mln deal with Abyssinia Group will supply clean power...
Morocco exported 745,000 tons of tomatoes in 2024/25, generating $1.2 billion. France, the UK, and the Netherlands were the top buyers, with...
Benin has created the Communal Investment Fund (FIC) to replace the FADeC. The fund will help municipalities improve financing, track projects, and...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...