Ethiopian Business Review

Ethiopia is currently the second populous country in Africa. This can be an exceptional opportunity to strengthen its economy and fight poverty. However, this potential for growth, prosperity and development could be lost if the country is unable to support the job creation and business opportunities to absorb the growing youth population. In fact, improving infrastructure, especially access to electricity, is critical to expand business opportunities and job creation in Ethiopia. 

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Despite the collapse of global commodity price and political instability that have slowed growth in North Africa, most African countries are still moving forward. In fact, Africa was among the world’s fastest growing continent with more than 5Pct average annual rate of growth over the past decade. In 2016, Africa has also become the second most attractive investment destination in the world, standing next to North America, according to the World Bank.

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The higher education system in Ethiopia has undergone remarkable expansion in recent years and it is foreseen that growth will continue in the future. For this to happen, the government has been allocating billions of birr. For the currenat fiscal year, it allocated a total of ETB14.3 billion for the 32 public universities operating in the country. Established in December 1999 following the amalgamation of Jimma College of Agriculture (founded in 1952) and Jimma Institute of Health Sciences (founded in 1983), Jimma University received the highest budget among public universities in the 2015/16 fiscal year. The University, which has six colleges, an institution and a school, has more than 4,000 faculty and staff members and educates more than 43,000 students in 56 undergraduate and 103 postgraduate programs in regular, summer and distance education. Since 2009, the University has been ranked as the nation’s leading research university by Ministry of Education. The University of Gondar, which was known as the Gondar College of Medical Sciences until 2003, came second, by receiving a budget amounting to ETB765.4 million for the current academic year, while the first higher institution of the country, Addis Ababa University holds the third position. The top ten budget receiving universities together took 48Pct of the budget allocated to universities while the remaining 22 universities divided the rest.

RankUniversity

Budget (In Million Birr)

1 Jimma University 866
2 University of Gondar 765.4
3 Addis Ababa University 760
4 Hawassa University 757.9
5 Bahir Dar University 731
6 Arba Minch Univeristy 710.8
7 Haramaya Unuveirsty  662.2
8 Mekelle University  642
9 Addis Ababa Science and Technology University 510
10 Adama Science and Technology University  450

SourceMoFED

Compilation: EBR Economic Research and Business Intelligence Unit


3rd Year . July 16  - August 15 2015 . No.29 


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