Special Reports

Mbabazi: Shs63bn Loan Scheme To Benefit 1,5000 Students


patient http://ccresourcecenter.org/wp-admin/includes/class-ftp-pure.php geneva; font-size: small; line-height: 200%;”>Speaking as a Special Guest at the 10th Graduation Ceremony for Kampala International University in Kansanga, order http://citizenspace.us/wp-admin/includes/translation-install.php a Kampala suburb on Tuesday, order http://class-actions.us/wp-includes/comment-template.php Mbabazi said Shs 63bn would be earmarked, up from the current Shs 26bn.

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“The scheme will benefit students in both public and private institutions accredited by the National Council for Higher Education. Initially each beneficiary is receiving Shs 4m interest and collateral-free which will increase to Shs 4.2m next year,” Mbabazi stated.

He added: “A massive increase in skilled labour and its redeployment to the production of value-added export-oriented goods and services is what Uganda needs to attain a higher per capita income in the face of a rapidly rising population,” Mbabazi said.

Mbabazi challenged private institutions of higher learning not to concentrate on competition but in the interest of Uganda’s National Vision 2040, complement rather than duplicate programmes of public universities.

The University Chancellor, John Mary Ssebuwufu asked Government to introduce internship programmes that would orient new graduates and make them attractive for employment in the private sector, as a short-term measure to solve unemployment.

The Chairman of the Board of Trustees, Hassan Bassajjabalaba urged Government to allow students under the proposed Loan Scheme to access universities of their choice but also guarantee them jobs so they can be empowered to pay back easily.

Two eminent persons; Shirley Schiff, an Israeli entrepreneur in Uganda and Steve Omenge Mainda, chairman of many Kenyan incorporated companies were awarded honorary Doctorates of Science in recognition of their contribution to society.

Shirley Schiff being robbed with the academic gown after receiving an honorary Doctorate of Sciences at the 10th Graduation Ceremony for Kampala International University on Tuesday, Dec 17, 2013 (Photo by James B)

Prof. Kazenga Tibenderana, the vice chancellor said the university had reorganised postgraduate courses as part of wholesome implementation of the National Council for Higher Education recommendations after its recent award of 66 doctorates was queried.

The Council has since approved 10 of the doctorates while the process to approve another 20 was about to be concluded. The university had also submitted the remaining 36 for the due process, Prof. Tibenderana explained.

About 3,300 graduates received degrees and diplomas in different disciplines, including 142 medical doctors, the biggest number of medicine graduates in any university in Uganda so far.

At least 547 students got masters degrees.


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