Business / News
Saturday, 09 Jul 2016 23:42 EATswaithera@kenyafreepress.com
UBA (United Bank for Africa) Kenya and Kenyatta University (KU) this morning signed a Memorandum of Understanding (MoU) that will see increased cooperation between the two institutions in areas of banking, investments and students welfare programs.
The MoU, which will see more KU students receive internship and mentorship opportunities with the Bank under the University SWIP programme, is a major initiative by the niche bank to spread its services and expand in Kenya. Under the MoU, KU students will access affordable banking services as well as greater participation by the Bank in KU social programmes.
KU has and is still receiving a number of students from West Africa, this memorandum will immensely benefit students since they can now pay fees and access cash from their parents through the strong UBA network in West Africa.
Kenyatta University Ag. Vice Chancellor, Prof. Paul Wainaina, praised the partnership: “We have seen increased admission of international students especially from West Africa and this partnership with UBA will be very beneficial for the students and their parents to pay their fees more easily.”
UBA Kenya CEO Isaac Mwige said, “As a Bank, we remain committed to improving the way banking is done in Kenya and in doing so, ensure that businesses remain focused on their main goals, which is to deliver returns to their shareholders and positively impact their sphere of influence in society.”
Mr Mwige said the Bank was looking forward to participating in many KU Student Welfare programs such as their internship and mentorship programs and that it would encourage more organizations to take up the mantle and provide much needed leadership to students as they begin their careers.
UBA will provide an array of financial products tailored to KU’s unique needs. This will include but not limited to collection accounts, tax payment management, various financing and investment opportunities for the University. These will be done through Online, Mobile and Point Of Sale channels.
Waithera is a staff writer at the Kenya Free Press.