Is Addis Ababa a rich city?

Addis Ababa The country’s capital, Addis Ababa, is recognized as the eighth-richest city in Africa and among the richest in the region. The city is also known for being the political capital of Africa as its houses the African Union’s headquarters.

What is Ethiopia’s main source of income?

agriculture
Ethiopia’s economy is based on agriculture, which accounts for 46% of GDP and 85% of total employment.

What is Ethiopia’s average income?

Average Salary / Ethiopia. Average salary in Ethiopia is 664,744 ETB per year. The most typical earning is 280,483 ETB. All data are based on 324 salary surveys.

Why is Addis Ababa an important city?

Addis Ababa is the capital city of Ethiopia and the African Union and is often called the “African Capital” due to its historical, diplomatic, and political significance for the continent.

Where do rich people live in Ethiopia?

In Addis Ababa, these new moguls live in the tonier areas like Bole, an airport-adjacent neighbourhood dotted with embassies and hotels, or the Old Airport area in the south-west, home to the Addis Ababa Golf Club.

How much does a doctor make in Ethiopia?

As part of the programme to retain its doctors, Ethiopia now pays them a monthly salary equivalent to $300 (£150; €190). Doctors working in rural areas are also paid an extra $300 per month in allowances, he said.

Is Addis Ababa safe?

Addis Ababa is generally much safer than other cities in Ethiopia. The main risks are petty fraud and theft. You should beware of people who distract you and carefully monitor their pockets. Avoid some areas with stray dogs and be careful at night – blackouts are not uncommon.

Who is the richest woman in Ethiopia?

Bethlehem Tilahun Alemu

How big is the population of Addis Ababa?

The 200 hectare site is part of the city’s ambitious Housing Development Programme that includes ten similar sites all under construction. Addis Ababa is, with a population of 3.5 million, Ethiopia’s largest city.

Is there a housing shortage in Addis Ababa?

Addis Ababa is, with a population of 3.5 million, Ethiopia’s largest city. Located 2,400 meters above sea level, it suffers from a shortage of housing but mainly from poor quality homes whereby “80% of Addis’ inner-city houses need complete replacement because of dilapidation”, says economist Azeb Kelemework.

What kind of houses are available in Addis Ababa?

The 10/90 scheme aims to provide homeownership to lower-income households with monthly income under 1,200 Birr (60 USD). This scheme offers only one house type: a studio flat of approximately 31sqm with separate kitchen and bathroom in G+1 and G+2 buildings (ground plus 1 or 2 floors).

Why was Addis Ababa named the capital of Ethiopia?

Emperor Menelik II founded the city. When Menelik II was named as the emperor of Ethiopia, the first capital area of Entoto was wrought with extreme cold and a scarcity of firewood – the empress pushed to have the city moved to a warmer area nearby, and the city that developed was designated as the capital city.