NIC Bank Donates Kshs 2 million to MPESA Foundation Academy

By Juma Fred / February 1, 2017

NIC Bank Records KES 3.32Bn Decline in Profit in Q3

NIC Bank has sponsored five students living with albinism to the M-PESA foundation academy.

The Kshs 2 million sponsorship will go towards financing the students’ education at the academy for the four years.  The sponsored students are beneficiaries of the Dr. Choksey foundation, which is dedicated at improving the quality of life of persons with Albinism in Kenya.

NIC Bank is the first corporate organisation to contribute towards the education of individual students at the M-PESA Foundation Academy.

L-R NIC Bank Marketing, Communications and citizenship Director Rosalind Gichuru and Les Bailie CEO MPESA Academy takes a picture with the sponsored students at the cheque handover ceremony

“As NIC Bank we are pleased to support these students and bring positive change in their lives. Education is key to building our economy and will equip them with life skills that will enable them to make informed life decisions and to contribute to their society positively,” said NIC Banks’ Director Marketing, Communications and Citizenship, Rosalind Gichuru during the cheque handover when the Form 1 students reported to the M-PESA foundation academy.

The M-PESA Foundation Academy is a state of the art, mixed boarding high school providing world class Kenyan secondary education. Driven by leadership, entrepreneurship, technology and innovation, the Academy serves talented but economically disadvantaged students with demonstrable leadership potential.

Dr. Prabha V. Choksey is an ophthalmologist and the founder of the Dr. Choksey foundation. The foundation has supported hundreds of children and families affected by Albinism, mainly offering free eye care and paying school fees for those disadvantaged in society. who are not able to. NIC Bank has been supporting the Foundation for two years as one of their Corporate Social Responsibility (CSR) program initiatives  2017 will mark the third year.

“M-PESA Foundation Academy commenced operations in February 2016 when 96 students were admitted to form 1 and a further 192 students have  enrolled this year. The selection process is very rigorous and involves picking students from different counties across the country by identifying their leadership potential from economically disadvantaged schools.

“Education is a holistic process. Learning goes beyond listening to the teacher disseminate knowledge and test accuracy. Developing and nurturing the students’ talents is an essential component that is incorporated in our curriculum. We offer state of art facilities managed by dedicated and experienced staff,” said the CEO of M-PESA Foundation Academy, Mr. Les Baillie during the cheque handover when the Form 1 students were reporting to the M-PESA Foundation Academy.

The five students are Linda Nyakoha, Devrighan Rakuom, Catherine Ngendo, Samuel Mburu and Nancy Njeri and hails from various counties across the country.



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Juma Fredrick is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.

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