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MUBAS and ICAM in MOU to promote Quality Human Capital development

News   Pangano Baluwa   July 21, 2022
PIC: ICAM Chief Executive Officer Dr Francis Gondwe, MUBAS Vice Chancellor, Associate Professor Nancy Chitera
The Malawi University of Business and Applied Sciences (MUBAS) and the Institute of Chartered Accountants in Malawi (ICAM) signed a Memorandum of Understanding establishing a business partnership between the two institutions. The MoU was signed on Friday, 15 July 2022 at ICAM offices in Blantyre.

Speaking at the signing ceremony, MUBAS Vice Chancellor, Associate Professor Nancy Chitera said the partnership would help the two institutions easily work towards realizing expectations of Malawi Vision 2063. “MUBAS and ICAM will work together in human capital development which is one of the enablers to realise Malawi 2063. Malawi needs well trained Accounrtants  and personnel to support development initiatives across the country and this is the core of this agreement,” said Chitera.

According to Chitera, the MoU was in line with provisions of the MUBAS strategic plan and the National Education Sector and Investment Plan (NESIP) which among others encourage innovation, creativity and entrepreneurship as crucial in developing solutions to social challenges.

On his part, the Chief Executive Officer for ICAM, Dr Francis Gondwe said, “Partnering with a credible and well established institution like MUBAS will help ICAM students get quality education from well-trained experts and have access to quality education from all angles of the country and thereby reduce costs.” 

Gondwe further pointed out that with the MoU students who used to rely on online tuition offered by international boards at Technician Diploma Levels 1, 2 and 3 will now be able to get quality tuition at MUBAS campuses through the Continuing Education Centre (CEC).

Acting Director of the CEC at MUBAS, Victor Chikoti, said CEC campuses in Blantyre, Lilongwe, Mzuzu and Salima will now be offering all ICAM programs and thereby widening access to quality education. Apart from providing tuition, MUBAS and ICAM will also be providing Continuing Professional Development (CPD) through CEC. 

Among others, the MoU will also see ICAM and MUBAS through CEC conducting research, consultancies, short courses, career talks and awareness campaigns together and sharing infrastructure and resources. 

At the event, the Vice Chancellor of MUBAS and the CEO of ICAM signed and exchanged copies of the MoU to mark the beginning of this business partnership. 


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