ICAM and CUNIMA sign historic MOU to foster professional development and practical experience

ICAM and CUNIMA sign historic MOU to foster professional development and practical experience

In a significant step towards enhancing professional development and educational excellence in Malawi, on 30th May 2024, The Institute of Chartered Accountants in Malawi (ICAM) underscored the importance of more collaboration between players in the industry and academic institutions.

ICAM Chief Executive Officer CA. Noel Zigowa was speaking when the Institute signed a Memorandum of Understanding (MOU) with The Catholic University of Malawi (CUNIMA) at the university’s Nguludi campus in Chiradzulu.

ICAM CEO: CA. Noel Zigowa

According to Zigowa, collaboration between the two institutions will enhance research, curriculum development and alignment of learning to the needs of the industry.

“The MoU is a milestone in as far as converting what people learn academically into the professional needs of the industry on the ground,” Zigowa said.

He then said following the agreement, ICAM and CUNIMA will be working together in research and the provision of tailor-made training to meet specific needs within the accounting profession in Malawi.

“We will be doing joint research programs so that together we can find solutions to various challenges facing the country, at the same time, we will be working together with CUNIMA to arrange, prepare and package trainings that will meet specific needs of various organisations,” Zigowa said.

On his part, CUNIMA Director of Academics and Quality Assurance Father Wilfred Sumani said the MOU is part of the institution’s belief in partnerships as a means to solve challenges facing society.

CUNIMA Director of Academic Affairs: Rev Fr. Dr. Wilfred Sumani, Sj

Sumani also said CUNIMA decided to partner ICAM as a means to create a more transparence and accountable society.

“So the benefits that both institutions will accrue from this agreement will in fact surpass the terms of reference within the MOU itself but the immediate benefit for us will be the strengthening of our accounting department through internship programs for our students,” Sumani said.

Signed MOU between ICAM and CUNIMA

The signing of the MOU between ICAM and CUNIMA marks a significant milestone in the pursuit of excellence in education and professional development. As the partnership progresses, both institutions are committed to working closely together to achieve their shared goals.

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