Addis Ababa University is located in the city . Addis Ababa University was formerly known as Haile Selassie I University . Addis Ababa University was founded in 1950 and was originally named `` University College of Addis Ababa '' , then renamed in 1962 for the former Ethiopian emperor Haile Selassie I who had donated his Genete Leul Palace to be the University main campus in the previous year .