The Administration of the the African Methodist Episcopal University (AMEU) and the leadership of the Liberia Chamber of Commerce (LCC) on Monday, October 22, signed a Memorandum of Understanding (MoU) to conduct periodic needs assessment surveys of businesses in the country.
The MoU will enable the two entities to collaborate and research together by assessing business needs, predict problems that challenge the economy and derive solutions to those problems.
LCC President Wendell Addy said the collaboration will also ensure that both entities work together on issues related 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 seek the establishment of a 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) and Cuttington University (CU), adding that the signing of the MOU is geared towards improving the business climate in the country.
The LCC boss added that, “The agreement will further strengthen the students and the school and will help the LCC to alleviate some of the economic issues confronting the country and its people.”
The president of the AMEU, Dr. Joseph T. Isaac, commended the Liberia Chamber of Commerce for the partnership. “The process is the beginning and the administration was elated about such an agreement,” he 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,” Dr. Isaac said. “The agreement will create demand for businesses, their products, and partner with the LCC to address and explore workable solutions to those issues identified as obstacles.
“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 issue or branding,” Dr. Isaac said, addressing journalists on the sideline of the signing ceremony.
The signing ceremony at the Liberia Chamber of Commerce on Capitol Hill was witnessed by top officials from both entities.