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Addis Ababa

Basic Information 

Total Residential population : 5,000.000 (2007 census)

Land area : 540 sq kilometers

Economy

  • Industry accounts for 46%  of the annual gross production of Addis Ababa city
  • Service sector and agriculture cover 45% and 8.3% respectively.
  • Based on the 2007 overall city assessment, the service sector covers the lion share of the economy by 77%, while industry accounts 22%. Agriculture, on the other hand was estimated to contribute 1% to the city’s economy. 

Potentials for Investment

  • Addis Ababa has a favorable investment climate that could attract potential investors like;

      • Conducive investment policies
      • Favorable legal and business environment
      • Availability of a wide range of alternatives to invest in
      • Well developed infrastructure facilities including a modern transport system, low cost and widely available power and telecom services and skilled labor, as well as access to potential local and foreign markets.

  • In 2009 only the city identified more than 400 investment alternatives of which 200 are selected to be lucrative, including manufacturing industries, information technology, tourism, urban agriculture, urban planning as well as other socio economic sectors.

Housing

  • The condominium houses project that begun in 2004 is mainly aimed at; solving the problem of affordable houses, encouraging the development of local construction industries and creating job opportunities.

Roads

  • The newly constructed roads, the one which will be completed on due process and the prospected rail way, would greatly improve the traffic flow in the city. 

Environment

Addis Ababa is experiencing the effects of climate change. Besides the direct effects such as an increase in average temperature or a change in rainfall patterns, climate change also presents the necessity and opportunity to switch to a new, sustainable development model. Administration of Addis Ababa has therefore initiated the Climate-Resilient Green Economy initiative to protect the city from the adverse effects of climate change and to build a green economy. Some of the initiatives are:

Botanic Garden

The Botanic Garden is a green area covering more than 700 hectare of land, constituting  ongoing and completed projects of reserved forest areas, Botanic nursery, Environmental Training Center for the Horn of Africa, thematic garden, mini and medium dams, 12 km cobble stone road and parking lot, visitors watching tower and rest rooms, Amphitheater, research and recreational buildings among others.

Addis Zoo Park

  • The lion park was established in 1948 after hunters from southern Ethiopia gifted lions to Emperor Haile Selassie.
  • The city is currently relocating the Lion Zoo Park, to a new site at Peacock Park in the Bole area of Addis.
  • Following the city-funded construction of the new facility, the zoo will move from its existing 1.2-hectare Sidist Kilo location in Arada to the much larger 26-hectare site.                                                                                              

Tourism Ventures

  • The country’s modern tourism sector started to boom after the foundation of Addis Ababa as a capital city.

Places of Interest

  • The African Union; Trinity Cathedral;  Grand Anwar Mosque; Addis Ababa Hilton; Lagar train Station; The statue of Abune Petros; Liberation Monument; Martyr’s Statue; Emperor Menelik II Statue and much more...    

Shopping  

  • Merkato is one of the largest open air markets in Africa, where hundreds of thousands of sellers and customers do business at any given day.