[Fumba Town, 04.06. 2023] - CPS is delighted to announce its partnership with the African School of Economics (ASE), spearheaded by Prof Leonard Wantchekon, the esteemed President and Founder. This collaboration marks a significant milestone in the development of Fumba Town as plans are underway to establish a university and research labs within the vibrant community. The esteemed Prof Wantchekon visited Fumba Town today, where both parties agreed to work towards opening the university and welcoming the first batch of 1,000 students in September 2024.

The partnership between CPS and ASE represents a shared vision to create a world-class educational institution in Fumba Town. The university will offer a comprehensive range of programs across various disciplines, providing students with quality education that combines theoretical knowledge with practical skills. Additionally, the research labs will foster a culture of innovation and contribute to the advancement of knowledge in key areas of interest.

Sebastian Dietzold, CEO of CPS, expressed his excitement about the collaboration, stating, "It is a tremendous honor to host Prof Leonard Wantchekon and work together towards establishing a university in Fumba Town. This initiative will not only enhance the educational landscape of the region but also provide a platform for aspiring students to acquire a transformative learning experience. We are dedicated to supporting the development of Fumba Town as an intellectual hub and fostering academic excellence."

Prof Leonard Wantchekon shared his enthusiasm for the partnership, stating, "I am delighted to collaborate with CPS in bringing the African School of Economics to Fumba Town. Our shared vision of providing quality education and promoting research aligns perfectly with the objectives of this collaboration. We look forward to welcoming the first cohort of students and contributing to the intellectual and economic growth of the region."

The establishment of the university and research labs in Fumba Town signifies a significant step towards realizing the potential of the region as an educational and research hub. CPS and ASE are committed to creating an environment that fosters intellectual curiosity, innovation, and academic excellence, attracting students from across the African continent and beyond.