What is considered as a ‘big boost’ has ensued as the Liberia Chamber of Commerce (LCC) and the African Methodist Episcopal University (AMEU) signed a Memorandum of Understanding (MOU) to find out business needs for the country.
The MOU reached on Monday in Monrovia will enable the two entities to collaborate and research together by finding out business needs, predict problems that challenge the economy and find solution to those problems.
Speaking at the signing ceremony, LCC president Wendell Addy said the collaboration will also ensure that both entities work together on issues relative to the socio-economic development of the country.
Addy further added that the chamber of commerce will work on educating the public and students on business issues and other factors related to economic viability of the country.
“The collaboration will ensure that when students graduate from the AMEU, they will be ready for the market. The agreement will also make the establishment of junior chamber of commerce at the university,” Addy said.
The signing according to both parties is the first step the LCC will use to work with other higher institutions including the University of Liberia (UL), Cuttington University (CU) geared toward improving the business climate in the country.
The LCC boss added “the agreement will further strengthen the students, the schools and the LCC to alleviate some of the economic issues confronting the country and its people.”
For his part, the president of the AMEU commended the Liberia Chamber of Commerce for the partnership, saying “the process is the beginning and the administration was elated for such agreement.
Dr. Joseph Isaac said “it is a good opportunity for the AMEU because it is bestowing knowledge that is being used by the people. We will collaborate to address some of those issues in our society.”
As part of the agreement, Dr. Isaac said they will detect and find the possibility through the economic environment and work to provide specific projects that can be used to work.
Addressing journalists on the sidelines of the agreement, Dr. Isaac said “the agreement will create demand for businesses, their products, and partner with the LCC to address those issues that will become an obstacle and find workable solutions.”
“The MOU is a little broad and we can design or customize training and since the chamber of commerce is familiar to the business climate and economic situation, it could provide the research work with the problems whether it is customer issues or branding.
The signing ceremony at the Liberia Chamber of Commerce on Capitol Hill was witnessed by top officials from both entities.