8 March 2018

Ethiopia: Corporation Earns 730.4 Million Birr Revenue

Ethiopian Agricultural Business Corporation earned revenue of 730.4 million birr in the last six months from sale of agricultural inputs such as fertilizers and agrochemicals significantly surpassing the plan, which was 448.8 million birr.

Amarech Bekele, Corporate Communication and Community Participation Head told The Ethiopian Herald that the performance is overwhelming in that it surpasses the plan by 132 percent and has showed a 182, 100 and 30 percent increase from the performances of the last three years respectively.

According to the Head, the Corporation supplies the inputs through its ten branches throughout the country.

In the process, the Corporation has also been committing itself to discharge Corporate Social Responsibilities. "For instance, besides creating some 4000 new jobs, we have designed projects to build schools and other facilities in places where we have mega projects such as in Omo and Awedait.

She also rose that the corporation's success is backed by hardworking workers along with strong follow-up and supervision from the higher governmental offices like that of the Ministry of Public Enterprises.

Building the capacity of employees, modernizations of the whole system, increasing the quality and quantity of supplies, and involving stakeholders and communities for sustainable good performance have been identified as focus areas in the coming times, as per Amarech.

The Ethiopian Agricultural Business Corporation was established by merging Ethiopian Seeds Enterprise, Agricultural Mechanization Service Enterprise, Agricultural Inputs Supply Enterprise, Agricultural Equipments and Technical Services Share Company, and Natural Gum Ethiopia in 2015.

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