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SBS, ADEC Foundations Sign MoU to Establish a Center for Excellence on Research and Innovation

  May 25, 2016
 

Strathmore Business School and ADEC Innovations Foundation will be establishing a research and innovations laboratory, a centre for excellence tasked with developing best ICT interventions and practices to be adopted for Public-Private partnerships.

ADEC Foundations is The International Center of Excellence for Public-Private Partnership of the United Nations Economic Commission for Europe (UNECE), which seeks to identify a country and to establish therein the Public-Private Partnership International Center of Excellence for Information and Communication Technology.

This Partnership will jointly:
• Establish the standards and best practices for the different Public-Private Partnership engagement for ICT.
• Coordinate with the different UNECE member countries for both government agencies and private institution for ICT research.
• Create pool of Subject Matter Experts for ICT that will assist in the development of ICT standards to be identified by UNECE.
• Build partnership with different public, private, academe, non-profit organization and any institution that can assist in the development of the standards and best practices for PPP engagement ICT.

Speaking during the MoU signing, Dr. George Njenga, Dean of Strathmore Business School noted that PPPs structuring remain a problem in Kenya and Africa at large.

Through this partnership SBS seeks to play its role in providing world class training while addressing the issues arising in the local context.

He added that the private sector have remained unconvinced to take up PPP initiatives – a problem he felt could best be addressed by an effort to acquire and disseminate PPP best practices in the country from proven models.

“Provision of government incentives can be used to encourage private firms such as Insurance companies and pension firms to get involved in PPPs,” stated Dr Njenga.

ADEC Innovations Chief Executive Office, James Donovan added that processes, perceptions and governance need to be transparently set in a PPP. Transparency in business practices help in effective delivery of services. The control, management and governance needs to be clear to remove the fear of governance expressed by the private sector.

This partnership will be critical in facilitating capacity building for industry players which include the government and private sector to realise the potential benefits of PPPs.

Also in attendance during the MoU signing were Anthony Catajan – Chief Compliance Officer ADEC, Pravin Eazhawa – Chief Compliance Officer ADEC and Prof. Robert Mudida – Director Strathmore Institute of Public Policy.



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