12 September 2017

Zimbabwe: HIT, CBZ Sign Collaborative MOU

The Harare Institute of Technology (HIT) and Commercial Bank of Zimbabwe (CBZ) recently entered into a five year Memorandum of Understanding which will see the two institutions collaborating in various areas of business interests.

The partnership is effective from the 27th of June 2017 to June 2022.

According to HIT, the MoU is meant to facilitate effective cooperation between CBZ and HIT in areas of innovation, research and business development. As part of the university's drive to promote its interface with industry partners; the agreement will enhance the advancement of knowledge through research which is relevant to industry needs and developments.

The partnership also comes as a major breakthrough to students from HIT who will now get exposed to hands-on commercial experience at CBZ Holdings. Considering the challenges faced by many tertiary students when looking for industrial attachment in third year, the institution has moved strategically to foster relations with various companies in a bid to help its alumni penetrate the industries without much hustle.

The MoU will see CBZ fulfilling the following:

Engage HIT in collaborative research and research showing potential for commercialization

Provide relevant public lectures / speeches by CBZ Holdings Executives on University Events.

Explore business incubation programmes with HIT

Provide opportunities to roll out commercialised innovations

Participate in mutually beneficial and relevant HIT programmes

Cooperate on human capital development and continuous professional development programmes

Provide grants to promote innovation, amongst others

On the other hand, the MoU will see HIT undertaking the following:

Engage CBZ in collaborative research and research showing potential for commercialization

Provide relevant public lectures/ speeches platforms to CBZ Holdings Executives on University Events.

Explore business incubation programmes

Provide opportunities to roll out commercialised innovations

Participate in mutually beneficial and relevant CBZ programmes

Cooperate on human capital development and continuous professional development programmes

Certify and accredit CBZ in house training curricula

Provide grants to promote innovation, amongst others

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