Stanbic Bank Zimbabwe has partnered the National University of Science and Technology to roll out a five-year scholarship fund targeting academically gifted but financially disadvantaged students from Matabeleland, in a move aimed at widening access to higher education.
The programme will support five students annually starting with the August 2026 intake, with a comprehensive package designed to remove financial barriers to university education.
Stanbic Bank Zimbabwe Head of Brand and Marketing, Tariro Memo, said the initiative goes beyond conventional financial aid by fully supporting students throughout their academic journey.
“This is more than a scholarship. It’s a chance to change lives. We want to give talented young Zimbabweans the opportunity to study, innovate, and build the future they dream of. We believe the next generation of leaders, scientists and creators are right here in Matabeleland, and we are honoured to support them,” said Memo.
The scholarship will cover full tuition, accommodation, meals, laboratory and equipment fees, as well as provide a laptop, enabling beneficiaries to focus entirely on their studies without financial strain.
Memo said beneficiaries will be selected by a joint committee from Stanbic Bank and NUST, with priority given to students who demonstrate strong academic performance and genuine financial need, adding that the initiative also promotes gender equity.
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She said three of the five annual scholarship slots will be allocated to female students, in line with efforts to support women in education and STEM fields.
She further noted that the programme aligns with the broader mandate of Standard Bank Group to drive economic growth through education.
NUST Vice Chancellor, Mqhele Dlodlo, welcomed the partnership, describing it as a reflection of shared commitment between academia and the private sector.
“By committing resources to student scholarships, Stanbic Bank has demonstrated its belief in the transformative power of education. This noble gesture aligns perfectly with the Government of Zimbabwe’s thrust to ensure access to education for all, regardless of backgrounds or circumstances,” said Professor Dlodlo.
He said the initiative reinforces the view that education is a shared responsibility across institutions and society.
He also urged beneficiaries to make full use of the opportunity presented to them.
“To Stanbic Bank, we extend our deepest appreciation. Your investment in education is an investment in the future of Zimbabwe,” he said.
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