Education is vital for economic growth and social advancement of a nation. This has been recognized in Ethiopia since the time of Emperor Menelik when the first modern school was introduced.
According to the information obtained from the Ministry of Education, the school age population of Ethiopia in 1995 was 17,484,00 out of which only 3,3469,000 (19.8%) were enrolled in the elementary and secondary schools. Addis Ababa's population is currently estimated at 2.6 million on the basis of the 1994 census, 33% of the population is of school age.
Furthermore, the gross enrollment ratio in Ethiopia is still one of the lowest in the world, and that of Addis Ababa, even though relatively better by country wide levels, is at 69% which is still low.
However, the spread of relevant education with useful science and technology to adequately contribute to the nation's economic and social development has been awfully slow. To a large extent, this is explained by the fact that the sector is mainly left to the government alone. Though what the government has done so far has been encouraging, it has not been enough. Education of any nation must not only encourage, but also attract and solicit the active participation of its people to viably develop. Through private venture, it is possible to accelerate a meaningful and healthy development of the brainpower of the youth for nation building.
It is with this background that a group of concerned Ethiopians took up the initiative to establish a private education system under the Yenegew Sew Education Share Company that is concerned with the provision of qualitative educational opportunity for the children, the youth and the adults of the country. There is no any doubt that the business of the Company will also fetch higher economic and financial returns to its shareholders in the long run.
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