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




University Autonomy Proclamation Endorsed by Parliament

May 27 , 2023


[ssba-buttons]

The autonomy of universities which was a hot topic amongst Parliamentarians for months was ratified with only four opposing votes and 13 abstentions last week. With Addis Abeba University leading the way, all eight universities will be accountable for securing their own funding, with minimal financial assistance from the federal government. Students who can afford to finance their own education will be subjected to tuition fees. The Minister of Education, Birahanu Nega (Prof), highlighted the flimsy budgetary structure universities have been operating under for the past three decades, citing a meagre budget of 22 Br per student. He indicated that government will prioritise quality over quantity in the future. The Ministry of Education is expected to issue directives to regulate the implementation of the proclamation due to the dismal results of this year's university entry exams, with a 97pc failure rate. This has highlighted the insufficiency of qualified teachers and educational institutions.


Radar

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


Radar

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


Radar

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...