The Catholic University Institute Of Buea, CUIB, and the money transfer company, Express Exchange, have signed a Memorandum of Understanding, MoU to jointly foster education and business.
The partnership agreement was signed Thursday August 27 at a ceremony in Buea, South West Region.
Prof. Victor Julius Ngoh, President of CUIB, and Mr Xavier Takam, CEO of EE, signed on behalf of CUIB and Express Exchange, respectively.
The memorandum of understanding will enable students of CUIB to pay their tuition fee via Express Exchange. On their part, Express Exchange shall sponsor academic events, take part in all evaluation meetings called by CUIB and so on.
CUIB on its part, shall communicate to Express Exchange the registration period for the collection of fees, make available to Express Exchange the data format in which information on payments should be given to name but this.
Addressing guests at the MoU signing ceremony, the President of CUIB, Prof Victor Ngoh, said: “The CUIB community is very happy. This is the first CUIB memorandum of understanding that CUIB has signed with a financial institution. It is a very unique moment because it comes just when I am just about 2 months old as President of Catholic University Institute of Buea”.
Prof Ngoh added that: “I do hope, in view of the fact that it is expected to be a win-win situation, both the Express Exchange S.A and students and staff of CUIB will maximize the benefits which are provided in the MoU.”
Reacting on the advantages of the deal, the CUIB President said: “Express Exchange will provide tuition material to students and faculty members. It will also provide internship opportunities to students. Of course with the internship, it is expected that the qualified students will eventually be recruited by Express Exchange,” adding that “students can always ask for financial support from Express Exchange”.
As the new school year draws closer, the President said, “CUIB is working very hard and the Douala and Buea campuses are ready for admission of Students for the 2020/2021 school year. I appeal to all parents and students that CUIB is there. The doors are wide open for candidates to apply and the admission process has started.”
The Chief Executive Officer, CEO of Express Exchange, Xavier Takam, expressed gratitude to CUIB for accepting to do business with his financial structure.
Takam pledged his regular support and involvement in CUIB matters whenever necessary.
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