FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Autonomous University Welcomes New Captain at the Helm

Sep 2 , 2023


[ssba-buttons]

The restructuring towards the country's pioneer Addis Abeba University (AAU) saw the Minister of Education appointed as its chancellor to serve as high ambassador, execute appointments of presidents and oversee operations while the CEO of Ethio telecom rises to the rank of chairing the board. The appointment of Minister Berhanu Nega (Prof) and Frehiwot Tamiru came after the Council of Ministers approved the bill to make the state-owned University autonomous a few weeks ago, as part of ongoing reform in the higher education sector. The autonomy of the University, which will take full effect in the coming academic year, will entail strict requirements for student admission, tuition fees for financially capable students, and the University's political and economic independence. University exit exams which saw only 40pc of 155,000 senior year students obtain the minimum requirement for getting an undergraduate degree and testing modalities that saw three per cent of over 900,000 students get passing marks to enter higher education are notable reform instruments championed by the Education Minister in the ended year.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...