It was created as a folk music house (azmari bet) in the early 1990s.

Since its renewal, Fendika organizes an annual street festival during Timket, the celebration of epiphany in January.

In this event, Fendika Cultural Center invites indigenous artists from various parts of Ethiopia to perform their folk music and dance on the streets of the Ethiopian capital.

[1] Due to changes caused by urban development of Addis Ababa, Fendika remained one of the last folk music houses in Kazanchis neighbourhood in 2008.

[2][4] In 2023, Fendika faces imminent demolition because the Addis Ababa City Administration plans to clear the land for a five-star hotel.