Madhvani Foundation scholarships to top 7bn shillings

256 Business News, 15th Apr, 2016

The fourteen year old Madhvani Foundation scholarship scheme will this year cross the 7 billion shilling threshold as another 700 million shillings is committed to the 2016-17 programme.

Speaking during the launch of this year’s programme at Makerere University April 5, Madhvani Foundation Administrator Ms Beatrice Apoto said the scheme which started out with awards worth Ushs 300 million in 2003, will this year give out up to 700 million. More than 2000 underprivileged students have benefited from the scholarship over the years with Ushs 6.3 billion so far spent excluding this year’s awards.