Bahai News - President of Ethiopia's Unity College Named "Global Young Entrepreneur"
President of Ethiopia's Unity College Named "Global Young
NEW YORK, United States, 1 October 2000 (BWNS) -- Dr. Fisseha Eshetu, the
President of Unity College and a member of the Ethiopian Bahá'í
community, received a "Global Young Entrepreneur" award at the 7th World
Summit of Young Entrepreneurs, held at the World Trade Center from 28
August to 1 September 2000.
Dr. Eshetu was one of four young entrepreneurs recognized at the summit
for the growth and creativity of their enterprises and the shared
prosperity they have generated.
Unity College, officially inaugurated in March 1998, was the first
private college to be accredited by the Ethiopian Ministry of Education.
In only two years, it grew to become the largest private college in
Ethiopia and the second-largest institute of higher education in the
country, after Addis Ababa University. It now has an enrollment of more
than 8,000 and offers courses in accounting, business administration,
marketing, personnel management, hotel management and hospitality, and
language training in Amharic, English and Arabic. "Ethiopia was a
country where there was no hope for thousands of young people to pursue
their education at the tertiary level," said Dr. Eshetu. "Unity College
came into existence in response to this huge need for educationů Our
mission is training, research and community service."
The World Summit of Young Entrepreneurs was sponsored by the Institute
for Leadership Development (ILD), a United Nations global partnership
institute involving governments, multinational corporations, and United
Nations agencies. It was co-sponsored by United Nations Development
Fund for Women (UNIFEM) and the United Nations Conference on Trade and
Development (UNCTAD). More than 350 young entrepreneurs attended from
The Summit was held on the eve of the United Nations Millennium Summit
as a complement to Secretary-General Kofi Annan's "global compact," ILD
Executive Director Sujit Chowdhury said at a UN press briefing on August
29. One of the goals of the Summit was to offer the young entrepreneurs
opportunities for access to venture capital, global markets, and
international joint ventures, in the belief that developing the private
sector is a key component for achieving social progress and equitable
Mr. Eshetu said the college is already self-sustaining and that he plans
to upgrade it to a full-fledged university by 2004. He is committed to
providing scholarships to 10,000 women from poor families, and already
has partial commitments from donor organizations. In September 2000 the
college launched a daily, non-political newspaper with a circulation of
10,000 that focuses on social development. About two months ago the
college also launched an educational radio program that airs for 20
minutes six days a week.
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