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.


Indebted Africa Returns to the International Monetary Fund

Despite - or is it perhaps because of - increasing volumes of Chinese financing to Africa, that oft-reviled old banker,… Read more »

See What Everyone is Watching

Copyright © 2018 The Ethiopian Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.