Minister of Higher Education and Vocational Training, Professor Nkandu Luo says that internships and trainee management programs are a sure way of increasing the job market as they help to enhance the quality of graduates produced as a country. The Minister was speaking during ZANACO‘s MOU signing ceremony with six Universities at Hotel Intercontinental on Thursday, 16th November 2017.

UNZA VC Prof Luke Mumba, Minister of Higher Education Prof Nkandu Luo (Centre) and ZANACO Managing Director Mr Henk Mulder during the MoU signing ceremony

ZANACO has officially declared their commitment to contributing to Government’s agenda of empowering the youths through the signing of this MOU with some of the leading institutions of higher learning in our country, the Minister said.

She further stated that for any country to develop, its economically active people, of whom the youth constitute the majority in most cases, should be involved in some form of employment. As such the Government in the 7th National Development Plan launched earlier this year identified youth empowerment programs as a priority.

She applauded ZANACO and the involved institutions for seeing potential in this initiative to enhance the quality of graduates and the youth at large.

Zambia National Commercial Bank (ZANACO) CEO and Managing Director Mr. Henk Mulder was delighted to add a milestone to the Bank’s history. As the Government’s trusted partner in economic growth through the support of the education sector and enhancing social security through job creation, ZANACO is passionate about helping the youth grow into useful and responsible citizens as they realize their full potential. He further said that Zambia has a population of over 60% youth, which implies that 50% of the country’s workforce by 2020 and 80% by 2030 will be youths.

ZANACO CEO Mr Henk Mulder during the MoU signing ceremony

At the same event, University of Zambia Vice-Chancellor Professor Luke Evuta Mumba assured the ZANACO Managing Director that by recruiting the UNZA graduates, they would be fostering the reliability of their services as a bank and would continue to grow and create sustainable success for shareholders and the country at large.

Professor Mumba further said that as much as UNZA has a commendable UNI’s ranking of being 58 among Africa’s top universities, he shares the view that UNZA should be ranking in the top ten.

Having a population of over 24,000 students, of which an average of 4,500 graduate every year, the University stands as a source of pride for human capital development achieved in this country over the last 50 years, making the singing of the Memorandum of Understanding with ZANACO strategic.

UNZA VC Prof Luke Evuta Mumba and Higher Education Minister Prof Nkandu Luo conversing

Besides the University of Zambia, other universities included Copperbelt University (CBU), University of Lusaka (UNILUS), Zambia Centre for Accountancy Studies (ZCAS), Mulungushi University and Cavendish University.

Group Photo