Chuka University and Sidian Bank Formalize Staff Engagement Framework in New Agreement

Chuka University and Sidian Bank today signed a Memorandum of Agreement (MoA) outlining a structured framework for staff engagement with the bank. This development follows an earlier Memorandum of Understanding (MoU) signed on January 10, 2024, between the two institutions aimed at fostering strategic cooperation.

The newly signed agreement spells out the obligations of both parties, focusing on key areas such as strategic partnership, financial and banking solutions, check-off based loans, access to credit facilities, and a seamless application process for university staff.

According to representatives from both parties, the collaboration is expected to enhance access to tailored financial services for Chuka University employees, streamline loan processing through salary check-off arrangements, and promote a long-term partnership that benefits both the university community and the bank.

The exercise marks a significant milestone in strengthening public-private partnerships in higher education, particularly in the area of financial empowerment and service delivery.

It was confirmed that implementation of the agreement will begin immediately, with further announcements expected on specific products and services available to staff.