According to the website www.angelfire.com:

"In Menelik II Square stands the imposing equestrian statue of Emperor Menelik II, the victor of Adowa. The statue was erected by Emperor Haile Selassie and dedicated on the day before his coronation in 1930, in memory of his great predecessor.

The square is located outside the main gates of St. George Cathedral (Genete Tsige Menagesha Kidus Giorgis), and is close to City Hall. The distance markers on all the highways in Ethiopia mark the distance to their location from the base of the statue of Emperor Menelik II in this Square.

Every year, on the anniversary of the victory of the Battle of Adowa, the Emperor would lay a wreath at this statue after attending mass at St. George Cathedral (the victory had occured on St. George's Day). Col. Mengistu continued laying a wreath here on the anniversary, but did not attend the church services as his regime was Marxist."