College of Business and Economics Overview

The government of Ethiopia has pledged to make Ethiopia a middle-income country within a short period of time.  There are different indications that this is being realized.  It has been independently confirmed by the World Bank and IMF that the country can attain the MDGs before schedule. The government has rolled out ambitious development projects. Among these is the government’s massive investment in the education established in 2006 as one of thirteen new universities, the now called the second-generation universities, aimed at expanding intake capacity of tertiary level education in the country to meet skilled manpower demands of the fast-growing economy in different disciplines.  The university was inaugurated with four faculties.  The Faculty of Business and Economics now called College of Business and Economics is one of these faculties founded at the time of establishment of the university. The College set out with a mission of educating young minds with disciplines of business and economics making them able and competent professionals in the area of their respective department.

At inaugural, the faculty, the now called college was organized into three departments namely, Accounting, Economics and Business Management with an initial intake of a class of 50 students in each department. Overtime, these departments have gone through revisions to become Accounting and Finance Department, Economics Department, Management Department and their intake capacity has grown to two classes in response to market demand. Furthermore, along the line of the nation’s plan and growth, the college expanded its endeavors to the area of public administration, Marketing and tourism by starting new academic programs like Public Administration and Development Management, Marketing and Sales Management and Tourism and Hospitality departments in undergraduate level and MBA, MSc in Economics (Economic Policy Analysis, Development Economics and International Economics), MSc Accounting and Finance and MA in Development Management in postgraduate level  . This has increased the number of departments in the College to six and it has also increased enrollment. Currently there are more than 5000 active students under the college and more than ten thousand graduates have been supplied to the labor market.