Commercial Bank of Africa (CBA) has partnered with Palmhouse Foundation trust to provide full scholarships for 10 students. The students, who are from disadvantaged backgrounds, will get a fully paid for high school education. CBA has contributed Ksh 3.2 million for the education of the 10 students.
In a send-off event held at the All Saints Cathedral in Nairobi, CBA Group Head of Marketing and Communications Chris Pasha said the bank has broadened its scope of involvement as the bank’s staff volunteered and joined the Palmhouse Foundation trustees in the interview and selection process conducted in Mombasa, Kitui, Kitale, Embu, Kakamega, Kisumu, Nakuru, Kiambu and Murang’a Counties.
“CBA’s partnership with Palmhouse Foundation covers selection of deserving students, paying their tuition fees and mentoring them to ensure they have a rounded approach to life. Through this partnership, we have so far been able to give 50 of them an opportunity to realise their dreams, transform their lives, their families and society,” said Mr. Pasha.
From 2010 to 2015, CBA provided scholarships for 4 students every year through an annual sponsorship fee of Ksh. 1.2 million for their entire secondary school education. In 2016, the bank increased this sponsorship to 10 students, with a total annual sponsorship fee of Ksh. 3.2 million.
Palmhouse Foundation was founded in 2002 with the aim of assisting children from less fortunate background to pursue and complete their secondary school education. The foundation identifies the children and then secures funding for them to be able to learn. The Foundation now has over 900 beneficiaries across the country. Over 400 have completed their secondary education and are pursuing their post-secondary both locally and overseas.