Addis Ababa Prepares Hospitality Infrastructure for COP32

Mayor Adanech Abiebie announced that Addis Ababa hosted 700,000 foreign visitors last year, generating 155 billion Birr in economic activity. The city is now preparing for the upcoming COP32 conference, which is expected to bring 80,000 delegates within a single week. This influx poses a significant test for the city's hospitality infrastructure. To meet the demand, the federal government is providing credit facilities to real estate developers for furniture and interior fittings. Alemayehu Ketema, president of the Real Estate Developers Association, described the initiative as a major business opportunity for the sector.