The University of Energy and Natural Resources and Blue Nectar and Active Group Holdings have signed a Memoranda of Understanding (MoU) to set up a joint venture business entity.
Under the MoU, Blue Nectar and Active Group holdings will work with UENR to produce yoghurt and other dairy products with the name: UENR Food Company (UENRFC) as well as create a UENR laundry Company (UENRLC) to offer washing and cleaning services for students, staff and the University community at large.
A co-founder of Blue Nectar Group Limited, Mr. Abdul-Hamid Sherriff in a brief address said, Blue Nectar and Active Group were private and operational management services company that seeks to work with UENR by providing their services to the University. He added that the MoU would be beneficial to UENR since the University would be involved in the management of the envisioned companies. He stated that the partnership agreements would introduce profit-making ventures and create job opportunities for students and the University environs as the company looks forward to expand by adding more food and beverage projects in the near future.
Mr. Ato Awuah who stood in as the Director of both companies said work on the project would immediately commence to fastrack the progress of the agreement and assured that, they would collaborate with the necessary departments within the University for a successful partnership.
The Vice-Chancellor, Prof Harrison Dapaah on his part, said the idea behind the MoU was laudable because similar collaborations have been successfully implemented in other institutions in Ghana. He further stated that in consultation with the Student Representative Council (SRC) UENR, the student’s assembly welcomed the offers of the companies. He expressed hope that the MoU would be sustainable and be of immense benefit for both parties involved.
Other representatives of UENR present at the meeting, were the Registrar Mr. Solomon Panford, a member of Blue Nectar and Active Group Holdings, Mr. Gideon Yeboah, Senior Assistant Registrar, Academic and Students Affairs, Mr. Richard Anane and representatives of Ghana Association of University Administrators (GAUA)-UENR.