The Kwame Nkrumah University of Science and Technology (KNUST) Dairy Company (KDC) has donated GH¢20,000 to the KNUST Foundation, which supports educational advancement in Ghana.
Peak Investment Capital (PIC), the strategic investors of the University’s diary company, who are members of the board of the company, made the donation on behalf of the board of KDC.
The Executive Director of PIC, Kobbina Awuah said the donation was in fulfillment of one of its key objectives in partnering KNUST and as part of its corporate social responsibility.
He noted that one of the key tenets of the university’s strategies in supporting educational advancement and its operations was the KNUST Foundation.
Mr Awuah said PIC and KDC believed in the Foundation as an important part of building the university and hence the donation.
“We would like to emphasize that we are happy to be strategic partners of KNUST and the university should expect more from us,” he said.
The Foundation is a mechanism to raise funds from all its stakeholders to help the University to continue to deliver on its mandate and remain relevant in the face of changing trends in Science and Technology and higher education platform.
The launch of the KNUST Foundation became necessary because the traditionally known sources of funding tertiary education have been diminishing and gradually becoming unreliable and unsustainable.
The partnership is to rebrand the KNUST dairy known for the production of fresh yoghurt in Kumasi and beyond into an attractive brand through proper packaging and good customer service to make it into the international market.
“The terrific sale is a clear indication that strategic public-private partnerships are the sure way to accelerate development in Ghana and Africa as a whole,” Mr Awuah said.
The Vice-Chancellor of KNUST, Prof. Kwasi Obiri-Danso, expressed the university’s appreciation to PIC and by extension, the board of the KNUST Dairy Company for helping to promote education and making science and technology relevant.
He expressed optimism that the company would continue to assist the Foundation in efforts to attain equity, sustainability and to build upon the high standards achieved.
Prof. Obiri-Danso used the occasion to appeal to the public, stakedholders and other business units in the university to support the Foundation to make it more sustainable.
The KNUST-PIC partnership dates back to the successful signing of a joint Venture Agreement on November 19, 2015, and the inauguration of the Board of the Dairy Company on the January 26, 2016 to oversee the operations of the Company.
Per the agreement, PIC invested GHC 650,000 to enhance the research and dairy production capabilities at KNUST’s Dairy Research Station of the College of Agriculture and Natural Resources (CANR).
The partnership was based on KNUST’s extensive technical expertise to develop a sustainable dairy ecosystem.