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

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...