UB signs MoU on finacial sector stakeholder training
Dated : 20.03.2017
The University of Botswana (UB) and Botswana Institute of Bankers (BIOB) signed a memorandum of understanding with Frankfurt School of Finance and Management on March 16, 2017. The overall purpose of the collaboration is to establish a multiplier mechanism to institutionalise and assure training and capacity building measures are provided on continuous basis to financial sector professionals.
This comes after the Frankfurt School together with UB and BIOB assessed the potential for collaboration in offering new certificate programmes in areas such as Small and Medium Entrepreneurship, Finance and Banking for newcomers, beginners and professionals of micro-finance and financial institutions. Other areas include business development for micro, small and medium entrepreneurs interested in developing their professional career skills.
The Deputy Dean of the UB Faculty of Business, Professor Motsumi Ndala Marobela, BIOB Executive Director, Mrs Lydia Sejo Andries, and the Frankfurt School Team Leader, Mr Rainer Fitz, signed the MoU on behalf of their institutions. Speaking thereafter, Professor Marobela thanked Mr Fitz for having identified UB and BIOB as institutions to collaborate with in leading Financial Stakeholder Training in southern Africa.
Professor Marobela said such would lead to the strengthening of the relationship between Botswana and Germany after the recent collaboration between the two countries in tourism.
Mr Rainer Fitz said the first round of training would be offered for free to bankers and relevant financial institutions, hence heads of institutions would have the possibility to send two persons. Thereafter, he said there would be fees at an acceptable local market price so that it becomes a sustainable business.
Regarding the time frame, Mrs Andries advised that the accreditation process should be taken in account since it had a huge impact on the action plan and delivery of the programmes afterwards. She added that they should also understand materials for the programmes and link such to local context to bring on board local businesses.