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World Bank Donates $500,000 To KBI

World Bank Donates $500,000 To KBI

The World Bank has donated Five Hundred Thousand Dollars ($500,000) to the Kumasi Business Incubator (KBI) Centre of the Kwame Nkrumah University of Science and Technology (KNUST) to sponsor young innovative students with business ideas. The money which came through the Ministry of Communications is to help the KBI Centre further its aim of supporting student entrepreneurs. Professor Kwasi Obiri Danso, Vice-Chancellor, signed the contract for the money on behalf of KNUST.

Prof. Obiri Danso expressed his gratitude to the representatives from the World Bank for their noble act. He then challenged the ICT Department at KBI Centre to come up with a Tracking App which would make it easier for students to track shuttle buses operating on campus at any point in time. 

Mr. Samuel Yaw Akomea, Head of KBI Centre, said that, the Centre organises mentorship programmes where experts are brought from the private sector to train students at the Centre. He continued that, the Centre sponsors not only continuing students but graduate students who need financial support to make their business ideas a reality. He expressed his delight in the kind gesture which according to him would make the activities of the Centre vibrant. Mr. Akomea further stated that, getting people to develop business ideas that would create more jobs is one of the challenges they face at the Centre.

The representatives from the World Bank took the opportunity to inspect the facilities at KBI.