This review paper was conducted to analyses the fish production, consumption and management trends in Ethiopia. The data was collected from primary and more secondary data. Following Eritrea’s secession from Ethiopia in 1993 and the consequent loss of its coastline, Ethiopia has only inland freshwater capture fisheries. There are 180 different species of fish in Ethiopia and 30 of those are native to the country. The total area of the lakes and reservoirs stands at about 7000 to 8000 km2 and the important rivers stretch over 7000 km in the country. Fishing contribution for country’s GDP is very low. Fish production potential of the country’s estimated 51,000 tonnes. Fresh fish are consumed in the vicinity of theakes. Outside these areas, the domestic market for fish is small. Since fishery production is overexploited due to inappropriate fishing practice the potential of fish was underdeveloped and the management rule and regulation at federal level and regional level to control the devastation was very poor.