The Malaysian Reserve

Malaysia strengthens ties with Kenya through MoU

Ramon (standing, second from left), Ndegwa (sitting, right) and mim chairman Datuk Ng Tieh Chuan (standing, third from left) at the MoU signing ceremony yesterday

By LYDIA NATHAN

The Malaysian Institute of Management (MIM) inked a memorandum of understanding (MoU) with the Kenya Institute of Management (KIM) yesterday, to further facilitate the exchange of knowledge and resources between the two nations.

The non-financial inking marked the end of a four-day programme that saw 26 senior delegates from Kenya which included chairpersons of various committees, senate officials and senior corporates in management.

The delegation has experienced innovative learning that included site visits to Petroliam Nasional Bhd, Axiata Group Bhd and Invest Selangor Bhd, as well various sessions and talks.

MIM general council member Tan Sri Dr Ramon Navaratnam said he is happy as there are plenty that both nations could learn from each other.

“It is not enough for nations to have natural resources, but maintaining a good standard of governance is of the utmost importance,” he said to The Malaysian Reserve in Kuala Lumpur yesterday.

Ramon said while Malaysia is faring well in terms of international standards, there is still much more that can be done.

“The standard of governance will determine a country’s success or failure, viability, as well as sustainability,” he said.

KIM CEO Muriithi Ndegwa said there is much for Kenya to profit from Malaysia, such as in the oil and gas (O&G) field.

“Kenya will soon be exporting O&G. Malaysia can help our country build both the industry, as well as the capacity, as it is a new area for us,” he said.

Ndegwa added that this collaboration will look at benchmarks that Malaysia has achieved so far, and learn from them.

“Both countries have much in common — we were at par after gaining independence from the British, but somehow Malaysia has been on an upward trajectory, whereas Kenya has not progressed.

“We want to focus on upskilling and upscaling both the public and private sectors in the country,” he said.

According to Ndegwa, participants from the delegation have been very pleased with everything they have learnt so far, calling it a relevant and practical experience.

The MoU will last for three years before it is reviewed.