Adama city has economic linkage with several regions and towns. The city is destination for agricultural inputs and manufacturing and commercial products from Djibouti port. The city gets grain, livestock supply from Arsi, Bale and Borana while Kereyu and Afar were the main supplier of natural resources (fuel wood, charcoal). Oromia, SNNPRS and Amhara Regions are the main surplus labor supplier for the city.
The Addis Ababa–Adama Expressway is a toll road that connects Addis Ababa to Adama. It is the first expressway in Ethiopia
The highway, with six lanes on two sides for its 84.7-kilometre (52.6 mi) length, aims to abate the heavy traffic between its two endpoints. It reduces the time required to reach Adama from Addis Ababa to 45 minutes, a reduction of more than 50 percent over the time on previously available routes.
Adama was founded in 1924.
Adama is one of the reform cities in the region and has city administration consisting of 14 urban and four rural kebeles. The city has structure plan which was prepared in 2004.
Adama City News Highlights
Ethiopia’s First Water-Park Inaugurated
August 31, 2019
Addis Ababa, August 31, 2019 (FBC) –A water-park built by Kuriftu Resort & Spa in Bishoftu town, Oromia regional state, inaugurated today.
The park, which has water playgrounds, swimming pools, 123 shops and three banks, is the first of its kind in East Africa.
Built on 72,000 square meters of land, the park created jobs for 1,000 unemployed youth.
The park will have its own contribution for the growth of the country’s tourism industry, according to Tadios Getachew, owner of Kuriftu Resort & Spa.
Addis Ababa City Opens Convention Bureau To Attract More Investment In Hotel Industry
July 20, 2019
Addis Ababa, July 20, 2019 (FBC) –The Addis Ababa City Council has passed decision to establish a convention bureau to attract more investment in the hotel industry.
The opening of the bureau also aims to make the city, the seat of the African Union, a center of meetings, incentives, conferences, and exhibitions (MICE).
Kumneger Teketel has been appointed as director of the bureau.
The Council also approved a 47.6 billion birr budget for next year.
Investment Commission Launches Online Services Platform, Chinese Web-Portal
May 24, 2019
Addis Ababa, May 24, 2019 (FBC) – The Ethiopian Investment Commission (EIC) has launched an online services platform where investors can apply for new investment permit and its renewal.
The platform also enables online administration of investment incentives, said Abebe Abebayehu, Ethiopian Investment Commissioner on twitter.
The Commission has also launched a Chinese web-portal that is intended to provide up-to-date information to Chinese investors, he added.
The web-portal can be accessed at: cn.investethiopia.gov.et
MoU Signed On Implementation Of Djibouti-Addis Ababa-Juba-Kampala Corridor
May 16, 2019
Addis Ababa, May 16, 2019 (FBC) –The IGAD steering committee meeting on the transport facilitation and road upgrading studies for the Djibouti-Addis Ababa-Juba-Kampala Corridor was held in the Kenyan capital Nairobi.
The event was attended by the Executive Secretary of IGAD, Ambassador Eng. Mahboub Maalim, along with the Director for Transport, Infrastructure Development of the Ministry of Transport of Ethiopia, Mr. Fekadu Shumet.
The two-day meeting is meant to wrap-up the development studies for the corridor and is an opportunity for concerned IGAD Member States (Djibouti, Ethiopia, South Sudan and Uganda) and IGAD Secretariat to chart the way forward to implement the recommendations of the studies on the feasibility of the corridor which was undertaken by the Nairobi-based Africon Consulting firm.
The study strongly recommends the implementation of the corridor after carefully analysing the two components of the project and found that both components are technically and economically feasible as they scored high economic indicators.
The soft part, the feasibility study, of the project has been successfully concluded. The participants are looking into the hard part of it, which is the implementation part, said IGAD in a statement.
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MISSION & OBJECTIVES
The primary objective of the EDTF is to finance people-focused social and economic development projects. The Fund aims to finance projects that meet critical needs selected based on their potential to make the highest positive impact on groups and communities in Ethiopia in such areas as health, education, water and sanitation facilities, habilitation and rehabilitation of persons with disability, agricultural development, technology, small scale entrepreneurship and other income and employment generating projects. The EDTF will give priority attention to projects focusing on youth, women, small holder farmers, small enterprises and entrepreneurs, who can be agents of inclusive social and economic development.