With the basic aim of addressing the widespread educational need of the society and to induce rapid and sustainable economic and social development, the government of Ethiopia is making an effort to expand the number of higher educational institutions that provide various academic disciplines/fields and specializations to the rapidly growing number of students. With such a massive expansion of higher education, the number of students enrolling in various higher educational institutions in the country specifically in the areas of Accounting and Finance, Economics, Management and Public administration and development management is increasing to meet the growing demand for such professionals in the public, private, and non-governmental institutions. In this regard, the professional and managerial expertise of graduates with adequate knowledge in the areas of business and economics is vital for formulating and implementing development strategies and policies, among other things, that can significantly contribute to the economic progress of the economy.
The College was established in the year 1999 E.C. with a total number of 160 students, 9 academic staffs and two supportive staff members. Under the College there are a total of four departments namely, Accounting and Finance, Economics, Management and Public administration and development management.
Ministry of Education has set a direction towards the implementation of modular approach teaching learning processes. Currently the College of Business and Economics is fully implementing modularized curriculum approach.