Strathmore Business School and the East Africa Venture Capital Association (EAVCA) signed a strategic partnership in which both parties will combine resources to provide expert global training standards and local expertise for on the ground private equity and venture capital professionals on 3rd September 2013.
Speaking during the MoU signing Dr. George Njenga, Dean of Strathmore Business School noted that venture capital remains largely misunderstood and untapped in the region. 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 there will be an effort to produce more cases on venture capital in a bid for more people to understand how venture capital works. We see this partnership leading to courses that will enable entrepreneurs appreciate and utilize venture capital while addressing the shortage of professionals in the industry.
EAVCAs Executive Director, Nonnie Wanjihia added that access to training is routinely identified as one of the sectors challenges and this is a key challenge for the association to address. This partnership will be critical in facilitating skills building for industry players at all levels as well training future private equity and venture capital professionals and maintaining regional institutional knowledge.
The second training module will be on Valuations and will be held at Strathmore Business School on 26th September 2013.
SBS is an education institution dealing with the provision of quality education in Africa and with a mission of serving society through developing virtuous leaders by providing world-class executive management education in a local setting.
EAVCA is a membership association mandated to represent the private equity industry in East Africa and provide a voice for industry players to raise awareness and engage on regional policy matters.