Launch of the second phase of the Vipingo Development Limited Scholarship Fund

vipingo-development-scholarship-fund

Centum Investment, through its CSR arm Centum Foundation, officially launched the second phase of its pilot scholarship fund, ‘The Vipingo Development Limited Scholarship Fund’ at Pwani University on Thursday 15th December. Members of Kilifi County Assembly graced the ceremony. Also in attendance were the 2017 scholarship beneficiaries, heads of Community Based Organizations (CBOs) in the region and the management of Centum Investment led by Managing Director of Centum Capital, Fred Murimi and Centum Strategy Manager, Elizabeth Munga.

The scholarship initiative was launched in 2016 in collaboration with two communities in the Vipingo region; the Mjuma and the Bambani Kilio communities. During the ceremony, 50 bright and needy students from Kilifi county were awarded full high school scholarships, 20 girls and 30 boys, after a transparent selection process in November 2017. The beneficiaries were selected based on KCPE performance, level of need and leadership skills. Best performing scholars from the class of 2017 were awarded form 2 textbooks, mathematical sets and calculators. The scholarship caters for school fees and all school requirements. This initiative was established to empower the youth to realize their dreams through quality education and in turn positively contribute to the economic development of the region.

Emphasizing on the importance of Education, click here CBO spokesman Mr. Wycliff Mwangome applauded Centum for its commitment to the fund and highlighted the transformational power of education. His remarks were reiterated by Mr. Fred Murimi who thanked the community for their support and stressed education as the key to development. The scholarship fund will award 50 scholarships annually to students joining high school who score more than 300 marks in the KCPE.

Additionally, Centum through its subsidiary, Vipingo Development Limited, has set aside a budget to upgrade education facilities in the region annually. Two primary schools; Timboni Primary School and Makonde Primary School have already benefited from this fund through refurbished classrooms. During the ceremony, Centum donated books to the two schools worth KES 4.5 million shillings together with subsidiary Longhorn Publishers who donated books worth KES 500,000. Prior to the ceremony, the 2017 scholars had been engaged in a two-day mentorship workshop facilitated by partners EFAC (Education For All Children).

Vipingo Development, envisioned a mixed-use master plan development anchored on industrial advancement will be built on 10,254 acres in Kilifi County. The first phase of the development will be a vocational training centre and upon its launch, Centum pledged to give residents a one course scholarship upon enrollment. Vipingo promises to provide employment to locals and open the region to local and international investors thereby creating additional sources of income for the residents.