Autonomous University Welcomes New Captain at the Helm

Sep 2 , 2023

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.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...