This srudy has investigated the challenges mgl opportunities of good governance pertaining tornfhe operctlioll of institutions and the attributes of good governance in Addis Ababa. The Council,rnPolill cal purties, fhe Media, Â¥Voredas (Kebeless), CSOs and fhe Executive/Civil societl' of thernCill" (IrE' llu! illSlflll/ions {h ell were scrulinized. Absence of corruptioll, legililllo('y. jJorficipOflOIl.rn1l'IlIlSjHlrmcr. (lccoullwbility alld efficiency and effectiveness are the allriiJules analyzed in thernsludy. For Ihis end, a mixed research approach that combined qualitative analysis and simplerndescriptive statistical metl10d was employed. The former was used to analyze the informationrngathered Fom expertise and officials while the latter was employed to analyze the data gatheredrnfor 300 sample households. The findings revealed that weak council and opposition political panies. lack of impamul alllirnobjective media, illsufficient decentralization effort, political consideration in promotion andrncareer development in the civil service, lack of enabling environment for operation of CSOs,rnhigh corruplion incidence and rent seeking, lack of transparency and accountability, immaturernpllrli cipatioll, ill efficiency and ineffectiveness in the provision of at least some basic servicesrnposed Ihe challenge to promote good governance in the City. Favorable constillilionalrn,. ulFullgelll ell1 Wid Cuv Charter. Ihe civil service reform. the eflort to equip burellus IIlId uflices UIrnfilcl lilies alld humall power, the recent decelltralizatioll process, panicipCilioll of mass basedrnorganizatiolls ill decision making and success in providing some services are assets to furtherrnconsolidate good governance. The study concludes that overarching government control of allrnlIlaters alld lack ,of space for others results governance to be weak, fragile and slight thoughrnsome irnprovemenls are observed.