Dr. James Mwangi, Managing Director and Chief Executive of Equity Group Foundation, says the foundation will fund 10,000 students joining secondary school.
In the next one year, the Wings to Fly sponsorship program will cover 47,000 secondary school students.
The scholarship beneficiaries will be chosen starting next week. It targets bright students from economically-disadvantaged backgrounds throughout the country.
Dr. Mwangi revealed there are currently 37,000 Wings to Fly awardees while speaking at Baricho Boys High in Kirinyaga County during a mentorship program for over 2,000 beneficiaries.
2,000 students will be sponsored directly by Equity Bank, while 18,000 students will be sponsored by the World Bank.
Last year, the Foundation received 113,000 applications for the 10,000 available opportunities.
Dr Mwangi counselled that those who fall short of the scholarships should join day secondary schools, which are relatively affordable.
The CEO said that so far, students under the Wings to Fly programme have registered an 86 per cent transition rate to university.
The Wings to Fly mentorship programmes are being conducted in 16 centres across the country.
