Ethiopia is experiencing a surge in urbanization, with the number of recognized cities climbing to 2,543, up from fewer than 1,000 just a decade ago, according to new data from the Ministry of Urban and Infrastructure.
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The Hawassa City Administration has confiscated 15.7 hectares of land from 25 investors who failed to develop their projects, according to the city's Investment Promotion Office. The land, which was originally allocated for various investment projects, has been returned to the government's land bank.
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The Benishangul Gumuz region has seen an increase in fish production, with the Grand Ethiopian Renaissance Dam (GERD) Lake emerging as a primary source for the burgeoning industry. The Regional Agriculture Bureau reported that in the 2024/25 fiscal year, fish production surpassed Birr 5,895 tons, with over 95 percent of the yield harvested directly from the dam's waters.
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Ethiopian Investment Holdings (EIH) has reported robust performance across its portfolio during the past fiscal year, driven by growth in energy, engineering, hospitality, logistics, and sugar production.
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The Ethiopian Investment Commission (EIC) announced that Ethiopia secured USD 4 billion in foreign direct investment (FDI) during the 2024/25 fiscal year, marking a 2.2 percent increase compared to 2023/24. The Commission also reported issuing the highest number of investment licenses in its history.
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