As part of the activities marking the 70th anniversary of the Kwame Nkrumah University of Science and Technology, the alumni took steps to raise $ 5 million as seed money for an alumni endowment fund.
This is to support the management of the school in the areas of scholarships for bright and needy students, the development of futuristic and environmentally friendly infrastructure and the research and re-equipment of learning facilities.
An Energize event was organized by the Alumni on Tuesday December 28 to raise awareness and generate interest for the upcoming launch of the KNUST Alumni Endowment Fund (KAEF).
The program was attended by KNUST alumni from various industries around the world as there was the option for alumni from outside the country to join the program online.
Chairman of the committee in charge of fundraising and planning the launch of the Endowment Fund, Eng. Kwabena Agyei Agyepong said in her opening speech at the KAEF Energizer event that âall major universities around the world have benefited from endowment funds through the support of their alumni, hence the need to work closely with university administration to build a more resilient sustainable future. for young people in school â.
âAs alumni, we support needy students, but now we want to expand this effort to cover a well-structured scholarship program, build a futuristic environmentally friendly infrastructure and support research work and re-equipment of the facilities. learning.
The fundraising program called 70 @ 70 has been designed to allow all Alumni around the world to participate by donating multiples of 70 GHS, Euros, GBP or USD to the fund through the various payment platforms that have been created. .
In addition, distinguished and wealthy alumni are identified and encouraged to donate generously to the fund. Key institutions that benefit significantly from the human resources produced by the university are also encouraged to support the fund.
Some of the activities planned as part of the anniversary celebrations include mentoring sessions for students to meet and learn from captains of industries, an impact on your doorstep that encourages alumni from around the world to come together in their usual social groups to have fun and undertake social impact activities and the launch of the KNUST Alumni Endowment Fund (KAEF), but to name a few.
KNUST Public Relations Officer Dr Daniel Norris Bekoe, who represented the VC, said in his speech that one of the main challenges facing the university is the lack of hostel housing on campus. This means that the largest student body lived off campus in overpriced hostels, costing the school extra funds to keep these students safe.
The university therefore invites Alumni to organize its entrepreneurial members from the real estate sector to come and build hostels on campus, on a Build, Operate and Transfer basis. According to him, the university is ready to make land available to alumni who wish to invest in the construction of accommodation facilities on campus in order to create a conducive environment for students to study.
He lamented the high number of students who risk being housed outside the school each year due to the increase in the number of enrollments without any corresponding accommodation to absorb them. According to him, the situation will be resolved if more hostels are built and owned by elders at affordable rates for students.
It should be noted that since its establishment in 1951 by the first President of Ghana, Dr Kwame Nkrumah, KNUST has since produced some very remarkable alumni around the world. The university’s total population currently stands at 80,000 students and around 5,000 faculty and non-teaching staff, and this continues to grow positively.
The night’s event ended when some alumni pledged their initial contribution to the fund and also shared fond memories of their time on campus. Alumni around the world have been encouraged to start donating to the fund now.