Borama, Somaliland (Dawan Africa) – Amal Bank has announced a strategic partnership with Amoud University to jointly promote higher education, youth development, and research funding. The announcement follows a high-level meeting held today in the city of Borama, Awdal region.
According to the statement released after the meeting between senior management from both institutions, the collaboration will focus on four key priority areas:
- Advancing higher education and academic excellence.
- Expanding employment and internship opportunities for students.
- Boosting local entrepreneurship and economic growth.
- Supporting social development through research-led projects.
Amal Bank emphasized its commitment to playing a direct role in enhancing student skills through practical training programs, while Amoud University will provide academic expertise and insights into community needs across the region.
The bank also confirmed its readiness to finance research initiatives that address local challenges, foster innovation, and contribute to long-term sustainable development.
The statement concluded with a shared message of confidence, as both institutions expressed optimism that the partnership would lead to significant progress in education delivery, economic inclusion, and community well-being.
“This cooperation lays the foundation for impactful joint initiatives that merge academic knowledge with financial investment for the betterment of our society,” the statement from Amal Bank noted.
Amal Bank, headquartered in Garowe, Puntland, is a Shariah-compliant financial institution operating across Somalia. The bank is widely recognized for its support of social impact programs, youth empowerment, and entrepreneurship.
Amoud University, founded in 1998 in Borama, is one of Somaliland’s most respected higher education institutions, known for its commitment to expanding access to quality education and advancing academic research.
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