Kigali Institute of Management (Kim) has signed a memorandum of understanding with Rwanda Renaissance University of Mumbai, India, to facilitate reciprocal student and staff exchanges between the partner institutions.Peter Rutaremara, the board chairperson of Kim, signed the deal with Clarence Fernandes, the Rwanda Renaissance chairperson.Under the agreement, 14 students from Kim are to be selected to take part in the exchange programme starting January next year. The agreement also allows exchange staff to teach in the host country during the period of exchange.How the programme will runThe exchange programme will be done with the University of Mumbai, the business capital of India.It is to provide students with international exposure and on job training so that they are better equipped upon completion of their management courses.Rutaremara said the initiative was an opportunity for Kim students because it is in line with the national goal of developing knowledge-based economy. "This will give our students exposure and broaden their horizons academically,” he said.Fernandes, on his part, said the programme will enable knowledge-sharing and culture exchange that will benefit both parties. "We are pleased to partner with Kim; this will help students get a firm grasp of how the business world operates and learn from each other,” he said.Training scopeHe said students will be placed in different areas of their focus, and that the format of the programme will provide students with a week for classroom training at the reputed Institute of the University of Mumbai, which will be followed up with another week of practical, on-job training at suitable companies in Mumbai.Fred Mwesige, a third year finance and banking student,  welcomed the initiative, saying it would give them international exposure.