Addis Ababa, March 20, 2024(Addis Walta) Addis Ababa University (AAU) signed a Memorandum of Understanding (MoU) with FARIS Technology Group, one of the pioneer space education schools in Ethiopia and technical training center.
The MoU would have a paramount role for the two institutes to work together in technology transformation and entrepreneurship areas.
Signing the agreement, AAU Acting President Samuel Kifle said that the agreement will be crucial to enhance the ample potential of students and transform their innovative ideas into the industry.
The Memorandum of Understanding is also pivotal to empowering the skills and knowledge of students as the private sector has a huge role, he further stated.
Finally, the Interim President stressed the need to work with high dedication to implement such a significant agreement between the two sides.
Founder and CEO of FARIS Technology Group Elias Yirdaw said FARIS Technology will support students with startups and research as well as other spheres.
The MoU is also anticipated to exploit the abundant potential of students at AAU and create new job opportunities for the youth, it was indicated.
According to ENA, the agreement is part of the new strategic plan of the University following its recent autonomous status which focuses on collaborating with the private sector based on mutual benefit.