Goodwill Financial Group partners Fotabe University to offer 25% tuition scholarship.

The partnership agreement, signed Monday May 11, 2026 in Douala, will provide a 25 percent tuition scholarship to 10 students annually. The scholarship will target students pursuing studies in business administration, MBA at Fotabe University Institute.

The agreement was signed by the Chief Executive Officer of Goodwill Group of Companies Ltd, Ndikombui Nigel Mingoh, and the Director of FUNIC, Dr Elmine Fotabe.

Speaking during the signing ceremony, Ndikombui Nigel Mingoh described the initiative as part of the company’s social responsibility efforts, aimed at supporting young Cameroonians seeking quality education in business and finance.

“This is another important meeting as part of our social corporate responsibility. We are offering a 25 percent scholarship to 10 students every year. It is a way of encouraging young people to take education seriously and learn the fundamentals of business,” he said.

The CEO noted that the initiative was inspired by his own educational journey and the support he previously received during his studies from people like Dr Elmine Fotabe. 

He said she always stood by him and continues to believe in the vision. As such the scholarship to him is means of giving back. 

“We believe that to grow in business, one must first learn the fundamentals. This is our own way of giving back to society and encouraging those who are passionate about education but may not have the means,” he added.

According to him, beneficiaries will be selected based on their commitment to education and willingness to pursue studies seriously.

He further disclosed that students benefiting from the scholarship scheme would be expected to open accounts with Goodwill Financial House as part of the partnership framework.

Ndikombui Nigel Mingoh also used the occasion to present the activities of the different subsidiaries under the Goodwill Group umbrella, including finance, consulting, real estate, professional training and humanitarian initiatives.

He explained that Goodwill Financial House, a category two microfinance institution, supports startups and young entrepreneurs through loans, savings and financial advisory services, while the group’s real estate arm facilitates access to land and housing through flexible payment systems.

On her part, Dr Elmine Fotabe hailed the partnership as a major milestone in promoting access to higher education.

“Education today is a huge investment, especially the kind of business education that we offer. Having a partner who can ease part of that burden on students is very important for us,” she said.

The university official underscored the importance of business education in nation-building and entrepreneurship development.

“If we are here today, it is because we all learned the fundamentals from the same FUNIC business school. Good education is the best foundation for anyone who wants to succeed in business or in any professional field,” Dr Fotabe stated.

She further praised Goodwill Financial House for choosing to invest in the future of young Cameroonians through education.

“Paying 25 percent of tuition for 10 students every year is enormous. This initiative will open doors of opportunity for many young people and help build more successful businesses in Cameroon,” he added.

Dr Fotabe equally revealed that the partnership is expected to strengthen opportunities for students and prospective entrepreneurs across the country. Both parties expressed hopes of extending the initiative to other regions in the future if the partnership records positive impact.

This article was first published in The Guardian Post Edition No:3787 of Tuesday May 12, 2026