Kenyatta University Acting Vice Chancellor Prof Paul Wainaina (right)
exchanges documents with UBA Bank Kenya Limited after they signed a
Memorandum of Understanding on July 8, 2016. Prof Wainaina described the
deal as opportune. PHOTO | JAMES KARIUKI | NATION MEDIA GROUP
Kenyatta University on Friday inked a deal with UBA Kenya Bank
seeking to enable its 200 students from west Africa pay fees via
seamless banking service.
Acting Vice-Chancellor Prof Paul Wainaina described the deal as opportune, saying KU aims to have more west Africans enrol through their students exchange programmes as well as admit fresh students.
The bank’s chief executive, Isaac Mwige, said the MoU would also translate into an annual event where UBA would enrol 20 students taking financial courses in an internship programme in its three corporate branches.
Professor Wainaina welcomed the partnership with the bank saying it would help the students earn industrial experience which will help them receive feedback on their training as well as give them a hands-on experience on the banking sector.
The VC said KU had also attracted other industrial sectors in the private sector to enrol 300 students on paid internship programmes noting that it had helped the students change their perception on work ethics and the working environment in relation to their studies.
“KU does not sign MoUs for the sake of it but we look at benefits the MoU will translate into for our students community. UBA has pledged to translate the same into an Memorandum of Association(MOA) that is beneficial to both parties,” Prof Wainaina said.
Mr Mwige added that UBA, which has presence in 18 Africa countries had conducted a feasibility study which showed many students had difficulty moving money from various parts of Africa to settle fees at Kenyan universities.
“We have a digital platform that gives parents and students a one-stop shop service and with the UBA-KU deal, West Africans as well as Kenyans undertaking exchange programmes in sister universities in West Africa will have it easy transacting various services,” he said.
Acting Vice-Chancellor Prof Paul Wainaina described the deal as opportune, saying KU aims to have more west Africans enrol through their students exchange programmes as well as admit fresh students.
The bank’s chief executive, Isaac Mwige, said the MoU would also translate into an annual event where UBA would enrol 20 students taking financial courses in an internship programme in its three corporate branches.
Professor Wainaina welcomed the partnership with the bank saying it would help the students earn industrial experience which will help them receive feedback on their training as well as give them a hands-on experience on the banking sector.
The VC said KU had also attracted other industrial sectors in the private sector to enrol 300 students on paid internship programmes noting that it had helped the students change their perception on work ethics and the working environment in relation to their studies.
“KU does not sign MoUs for the sake of it but we look at benefits the MoU will translate into for our students community. UBA has pledged to translate the same into an Memorandum of Association(MOA) that is beneficial to both parties,” Prof Wainaina said.
Mr Mwige added that UBA, which has presence in 18 Africa countries had conducted a feasibility study which showed many students had difficulty moving money from various parts of Africa to settle fees at Kenyan universities.
“We have a digital platform that gives parents and students a one-stop shop service and with the UBA-KU deal, West Africans as well as Kenyans undertaking exchange programmes in sister universities in West Africa will have it easy transacting various services,” he said.
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