World Bank grants $ 24 mln for two Ethiopian universities

Addis Ababa, January 16, 2017 (FBC) – The World Bank has granted a 24 million US dollars support for Addis Ababa and Haremaya universities to help them establish centers of excellence.

Both universities were selected to be East and South African centers of excellence after competing with other African universities.

Hence, Addis Ababa University (AAU) will open three and Haremaya University (HU) one center of excellence.

The World Bank provided 6 million US dollars for the establishment of each center.

In a related development, AAU and the European Union (EU) signed a memorandum of understanding (MoU) last week, to extend partnership and promote collaboration in the areas of education and academic research.

The MoU was signed by Chantal Hebberecht, Ambassador of the European Union to Ethiopia, and Professor Admasu Tsegaye, President of Addis Ababa University.

The agreement will provide a framework of cooperation and facilitate collaboration between the EU Delegation in Ethiopia and AAU in the areas of mutual interest.

It also builds on the very long and valuable relationship forged between AAU and EU member states in Ethiopia as well as allows the establishment of the Union’s information centre at the University.