A Memorandum of Understanding (MOU) has been signed between Kenya National Chamber of Commerce and Industry (KNCCI) and Kabarak University seeking to leverage on both industrial and academic strengths for sustainable development. The MOU was signed by Chamber President Mr. Richard Ngatia and Vice Chancellor, Kabarak University, Prof. Henry Kiplangat at the KNCCI offices. The partnership seeks to progress collaboration in the areas of training, research, innovation and technology transfer by establishing a business incubation Centre among other incentives. Through the agreement, Kabarak students will benefit from internships and attachment placements in both public and private sector industries. Kabarak can leverage on KNCCI global reach to market the university as a favorable choice for foreign students seeking exchange programs and studies. KNCCI and Kabarak are also keen to collaborate on innovations in renewable energy and green industrialization.
The MOU between KNCCI and Kabarak University is one of many partnerships that KNCCI is progressing in pursuit of youth empowerment. In September 2021, KNCCI cemented a partnership with the County Government of Uasin Gishu to place students for industrial attachment in KNCCI member companies, with a modest stipend provided by the County government. An MOU was also signed between KNCCI and Moi University to establish cooperation in consultancy, training, information sharing and capacity building.
The European Business University has made available 2500 scholarships for online certificates programmes intended to enhance business skills of youth, women and SMEs. Youth entrepreneurs are also set to benefit from the recently launched International Chamber of Commerce (ICC) Centre of Entrepreneurship which KNCCI was selected to host the Eastern and Central Africa hub. It is a 3-year project that seeks to digitize 750,000 SMEs, scale up 5000 Start-ups and provide market links for entrepreneurs.
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