Addis Ababa Transport Bureau Operations Director, Ato Dagnachew Shiferaw, said the shift aligns with the city’s future transportation policy and strategy, which prioritizes buses and metered taxis capable of carrying more than 25 passengers.
Addis Ababa City Housing Development Project disclosed out of the entire 94,000 20/80 condominium houses under construction, 52,650 will finalized by the end of the current fiscal year.
Nearly a decade after its much-anticipated launch, Addis Ababa's light-rail system is facing significant challenges, with only 15 of the original 41 trains still operational. The decline in service is attributed to a shortage of spare parts, inadequate maintenance facilities, and frequent power outages.
FDI Intelligence reported that Addis Ababa ranked second globally in attracting foreign investors who are engaged in the sector of data center construction. Addis Ababa stood second from 100 cities selected for the report who attracted foreign direct investment in data center construction between January 2003 and June 2022.
Addis Ababa Revenue Bureau announced a strong performance, collecting Birr 108 billion in revenue during the last nine months of the 2023/24 fiscal year. This achievement surpasses 98.5% of the city’s target of Birr 109.6 billion.
