Stanbic Bank Tanzania’s Head of Private and Business Banking, Omari Mtiga said in Dar es Salaam this week after presenting a 10m/- cheque donation to Vijana Think Tank, that the bank supports government efforts to industrialise the economy.
“To advance as a country and achieve the industrialization agenda, we must increase the enrolment of women and girls in STEM subjects and scale-up approaches to enhance their attraction to and retention in the field,” Mtiga said.
He pointed out that Stanbic’s partnership with Vijana Think Tank forms one of the many social campaigns that the bank continues to be part of to encourage youth to work hard, have ambition and continue to self-improve in order to achieve success.
Mtiga further noted that economic growth depends upon the full utilization of the human capital available. “To succeed in having gender equality in this field, all sectors must create more partnerships to empower women, girls and all youth to encourage their participation and interest in science and technology,” he added.
Stanbic’s donation is aimed to recognise the vital role women and girls play in science and technology by promoting further female participation and interest in STEM courses which are key towards driving the country's industrialization agenda.
“Science, technology, and innovation have been recognized as key drivers of global development and industrialization not just in Tanzania, but in many emerging economies in the world today. Stanbic Bank’s partnership is informed by the meagre enrolment numbers of girls into STEM courses across universities and colleges,” the Stanbic Bank Head of Private and Business Banking added.
According to United Nations Educational, Scientific and Cultural Organization (UNESCO) data, it indicates that women in Tanzania represent around 40 percent of university enrolment but only about 24 percent are take courses in science, engineering and technology. This gap continues to place women at risk of losing out on today’s and tomorrow’s best job opportunities as the world continues to move towards full digitization and technology innovation.
Since the formation of the Sustainable Development Goals (SDGs) governments, organisations, and individuals have been challenged to take significant steps in creating a more inclusive society through equitable development.
In a vote of thanks, Vijana Think Tank’s William Mshery said the donation will help finance activities to commemorate International Day of Women and Girls in Science being organised by his not for profit organization.
“We believe this partnership with Stanbic Bank Tanzania will unleash the full potential of science, technology and innovation as a driver of Tanzania’s growth and development. We are grateful for the bank’s contribution and commend their continued efforts to empower young women and men in Tanzania,” Mshery said.