tiret special millennium issue (september, 2007)
TRANSCRIPT
Millennium Issue • 1
FF OO RR WW AA RR DDFF OO RR WW AA RR DD
I t is a pleasure to see that all our combined efforts have at last produced fruitsand succeeded in making the publication of this special issue of TIRETa reality. This edition is different from previous publications. It is different, not
because of its size, coverage, contents or context; but it is special in that it ispublished at the dawn of the New Ethiopian Millennium, which is an occasion ofgreat historical significance that takes place only once in thousand years.
The profile on Sheikh Mohammed Hussein Ali Al-Amoudi constitutes a majorcomponent contained in this special issue of TIRET and contains his noble andgrand objectives to support his motherland - Ethiopia, achieve economicdevelopment and social advancement.
Sheikh Mohammed Hussein Ali Al-Amoudi has massive investments on a globalscale and is blessed with huge amount of wealth, making him one of the tophundred richest people in the world. Despite his enormous wealth, prestige andfame, he remains a simple and humble person, who always remembers his rootsand who shows great concern to his fellow human beings at all times. This ismanifested by his generous actions and support, he provides to those in dire needand in difficult circumstances.
The greatest satisfaction that Sheikh Mohammed H. Al-Amoudi gets is, from hisefforts to help Ethiopia develop in both the social and economic fields and tounshackle herself from the grips of abject poverty and underdevelopment. Hisvision is to see a poverty-free, stable, and prosperous Ethiopia, with her head highand deserving respect as a member of the world community.
Much as Sheikh Mohammed H. Al-Amoudi shuns the media and personal publicity,we have taken the liberty to write about him, his major achievements and activitiesbeing carried out by his Investment Group.
This special issue of TIRET contains summary profiles of all Members of MIDROCEthiopia Investment Group and Affiliate Companies, providing brief information ontheir formation, business purpose, capital employed, employment generated,present status and their contribution to the Ethiopian economy.
The special issue of TIRET is also a record of the invaluable legacy bequeathedfrom the past, and a welcoming bouquet of flowers to the 'New EthiopianMillennium', that will usher hope and faith in our future plans, and presentschallenges for desired transformation of rapid growth and prosperity to ourcountry and its people.
It is our sincere hope that the 'New Ethiopian Millennium' will be time of peace,economic development and social transformation for the betterment of the lives andwell-being of all the citizens of our country.
The Editor-in-Chief wishes all readers of TIRET, MIDROC Ethiopia Group andAffiliate Companies and their business associates the "Best of Luck and a HappyNew Ethiopian Millennium."
Yeshimebet DemissieEditor-in-Chief
2 • Millennium Issue
FORWARD
THE COMMITTED DEVELOPER
• Preamble
• Sheikh Mohammed’s involvement in the
Ethiopian economy
• The Investment Group
• Mission Statement
• Strategic Objectives
Synopsis of MIDROC Ethiopia’s
Engagement in the Economic Sector
• Investment in Hotel & Tourism
• Investment in Agriculture & Agro Industry
• Investment in the Construction Sector
• Investment in Mining & Oil Gas
Distribution
• Investment in Manufacturing Sector
• Investment in Health Care Services
• Investment in Trading & Commercial
Services
• Investment in Human Resources
Development
• Investment in Research & Development
Corporate Citizenship Responsibility &
Philanthropy
• Major Philanthropic Contributions
• Awards & Recognitions
• Good Governance
ContentsTIRET SPECIALMillennium Issue
EDITOR-IN-CHIEFYeshimebet Demissie
DEPUTY EDITOR-IN-CHIEFAselefech Getachew
SECRETARIAL SERVICEYemesserach Bezabeh
ZenashTadesse
PHOTOGRAPHYTadesse Demissie
Biruk HailuTewodros Abera
Degife Tekle
PUBLISHED BYThe Public Relations Department of
MIDROC Ethiopia P.O. Box 8677, Addis Ababa, Ethiopia
Tel. 251 11 371 1277 Fax: 251 11 371 2990
E-mail: [email protected]
DESIGN & PAGE LAYOUTRoots Africa Digital Design
PRINTED BYRoots Africa Digital Design
P.O.Box 6631, Addis Ababa, Ethiopia Tel.251 11 515 19 41
251 11 655 7709Fax: 251 11 515 19 41
COPYRIGHT 2007MIDROC Ethiopia
All rights reserved. Reproduction in partand/or whole is allowed only with the written authorization of the publisher.
MIDROCMohammed International DevelopmentResearch & Organisation Companies.
Millennium Issue • 3
MIDROC ETHIOPIA
INVESTMENT GROUP
Company Profiles in Sectors
• Sheraton Addis
• Ethio Agri Ceft Plc
• Ethio Leather Industry Plc
• MIDROC Construction Ethiopia Plc
• MIDROC Energy House
Electro Mechanical Services Plc
• MIDROC Foundation Specialist Plc
• National Mining Corporation
• National Oil Ethiopia (NOC)
• Kebire Enterprises Plc
• MOHA Soft Drinks Industry S.C.
• MAMCO Plc Paper Products Factory
• Star Soap & Detergent Industry Plc
• Pharmacure Plc
• SalaM Health Care Plc
MIDROC ETHIOPIA
AFFILIATE COMPANIES
• CABEY Plc
• East-West Ethio Transport Plc
• Equatorial Business Group Plc (EBG)
• National Motors Corporation
PROJECTS UNDER IMPLEMENTATION
• Awassa Chipwood Project
• Derba 5000 TPD Cement Plant Project
• Hora Food Complex Project
• Hotel Projects
• Meti (MIDROC Education & Training
Institute) Project
• Unlimited Packaging Project
MIDROC ETHIOPIA
TECHNOLOGY GROUP
• Chief Executive Office
• Addis Gas and Plastic Factory Plc
• addis HOME DEPOT Plc
• Blue Nile PP & Craft Paper Bags
Manufacturing Plc
• Daylight Engineering Plc
• ELFORA Agro-Industries Plc
• Huda Real Estate Plc
• Kombolcha Steel Products Industry Plc
• MIDROC Gold Mine Plc
• Modern Building Industry Plc
• Rainbow Exclucive Car Rental
and Tour Services Plc
• Summit Engineered Plastics Plc
• Trans Nations Airways Plc
• TRUST Protection &
Personnel Services Plc
• Wanza Furnishings Industries Plc
Our BANKERS and INSURERS
• Dashen Bank
• Nyala Insurance S.C.
MIDROC INTERNATIONAL
Millennium Issue • 5
Preamble
As we stand at the gateway of the new EthiopianMillennium, it would only be appropriate to lookback at the highlights of the achievements, thestatus quo, the plans and aspirations that lieahead of MIDROC Ethiopia Group and itsAffiliates.
This generation is fortunate to be able tocelebrate the Ethiopian Millennium, which takesplace only once in a thousand years; and thisspecial occasion is an opportune moment for usto rewind our memories of the recent past, toexamine and evaluate ventures undertaken forthe realization of the socio-economicdevelopment of the country. We can also pauseand have an insight into what is going on insideMIDROC Ethiopia and its Group Companies atpresent, to publicize future plans, and to chartout direction for the Group’s involvement in thenational strategy to realize accelerateddevelopment.
It would also be appropriate to renew thecommitments of MIDROC Ethiopia realizingthe mission statements as enshrined in thedocument of its establishment. The Company,being the brainchild of Sheikh MohammedHussein Ali Al-Amoudi, the achievements madeso far are primarily the causes of pride of theFounder, his Investment Group and the tens ofthousands of men and women employed by theGroup Companies.
Sheikh Mohammed H. Al-Amoudi’s personalityand his qualities of guidance are engrained in theessence of MIDROC Ethiopia InvestmentGroup, which he has closely nurtured andbrought up to the level where they are today.The future depends very much on the unfalteringdedication, aspiration and dream of SheikhMohammed “to see his country develop andhis people prosper”. There is no inquest; hedeserves full dedication and commitment on thepart of all members of the family of theMIDROC Ethiopia Investment Group, to givehim full support, so that his plans are fulfilled andhis efforts to promote growth and development inthe country, are rewarded.
MIDROC Ethiopia Group Companies, beingthe frontline private investors in the country, bothin terms of multiplicity and financial layout, theachievements are large evidences which reflectthe true picture of the economic development ofEthiopia. Sheikh Mohammed H. Al-Amoudi hasto-date made investments in almost all sectors ofthe economy, to the tune of over USD TwoBillion in ventures that created direct jobopportunities to over forty thousand people ofwhich twenty five thousand are permanentworkers. The Investment Group Companies havebuilt names of the highest order among privatecompanies in the country and are expected toplay even more prominent roles in shaping up thefuture socio-economic development of Ethiopia.
* MIDROC Ethiopia Investment Group Companies are those establishments owned by SheikhMohammed Hussein Ali Al-Amoudi, Chairman of MIDROC Ethiopia, whereas “Affiliate” isthe term used to indicate those companies whose investments are made by the close relatives(family) of the Chairman.
The Committed DeveloperThis Profile attempts to provide some highlights on the establishment ofMIDROC Ethiopia Investment Group and Affiliate Companies * and theMan behind all these grand initiatives.
Sheikh Mohammed’sinvolvement in the EthiopianEconomySheikh Mohammed H. Al-Amoudi appeared inthe economic scene of his motherland, with amere intention of contributing his share ofresponsibility for the development of his country,disposing his kind hearted intervention at a timewhen Ethiopia was in an exuberant need ofsupport from her children. He did not wait forthe creation of an “enabling environment”,which all private foreign investors expect toprevail in a country before moving in. He had torespond to the call of his Motherland – Ethiopiaas immediately as the circumstances thendemanded.
As a son in need, he decided to do everythingwithin his capacity to contribute to therevitalization and development effort throughinvestment in all sectors of the country’seconomy.
All these investments have always been financedfrom his own foreign exchange resources he hadgained from his other businesses abroad –meaning his investments have all been foreigndirect investments, FDI - and he does this out ofhis true love to his country and its people. At thispoint it will only be proper and timely to quotethe remarks he made a few years ago:
“Ethiopia means so much to me that
even my friends wonder about my
investment decisions in the country.
When I invest in Ethiopia, my
decisions to invest are based on what I
feel in my heart for my motherland.
All my other investment decisions in
the rest of the world are based on
calculated risks and benefits.
….Ethiopia is our soul and the essence
of our existence. We should not expect
others to transform our motherland
into a developed and a prosperous
country. It is our national duty and
solemn responsibility, to fully
commit ourselves to develop Ethiopia
and free our countrymen from the
shackles of abject poverty and under-
development.”
Cognizant of the increasing volume of hisinvestment in Ethiopia, he decided to establish aCorporate Office – MIDROC Ethiopia, in mid1990’s, entrusted with the tasks of solicitinginvestments and directing and coordinatingactivities of investment projects he makes in thecountry.
The Investment Group
MIDROC Ethiopia is a member of MIDROCInternational Group, owned by SheikhMohammed H. Al-Amoudi, which is aninternational business conglomerate operating inAfrica, Europe, the Middle East and the UnitedStates of America, involving in large scale ofconstruction, industrial development, trainingand research activities. The driving force ofestablishing MIDROC Ethiopia by SheikhMohammed H. Al-Amoudi, was nothing, but theeverlasting love and passion for his country, andhis ultimate goal to improve the living standardsof his fellow countrymen and women.
At the time of the establishment of theInvestment Group, Ethiopia was still in its earlyrecovery stage, and the Government wasformulating policies and trying to createconducive atmosphere to encourage local andforeign private investment. No private companyhad come afore to invest so much capital as thegeneral climate for private investment, that time,was still obscure. MIDROC Ethiopia is not onlythe pioneer private investor but also the leadingcompany engaged in multifaceted investmentundertakings that have proven to makesignificant contribution in the development ofthe country’s economy since its establishment.
MIDROC Ethiopia’s Investment Group today
6 • Millennium Issue
has thirty legally established companies operatingin hotel & tourism, agriculture and agro-industry,construction and mining, manufacturing,healthcare, trade and commerce, education andtraining, air transport and real estate businesses. Mission Statement
It is the mission of the Investment Group ingeneral and all Individual Group Companies inparticular, to contribute to the development ofthe national economy and that of building thenecessary capacity and capability needed to carryout MIDROC Ethiopia’s objectives ofdevelopment and growth and the provision ofhigh quality products and services to both localand export markets competitively, guided bypolicies and priorities set forth by theGovernment, in the spirit of its Motto -“Committed to Development”, and on thebasis of the following strategies.
Strategic Objectives:
The long-term direction of MIDROC EthiopiaInvestment Group’s engagement in the country’sdevelopment include, among others, thefollowing:-
• to invest in the agricultural and agro-industrial sector with emphasis to furtherdevelop the sector and enhance itsefficiency and its export earning capacity,
• to invest in, develop and expand themanufacturing and service industries thatenhance the economic competitiveness ofEthiopia, and add value to existingresources,
• to undertake projects and invest in thedevelopment of the basic infrastructure inEthiopia, like in the health services,education & training, transport, etc.
• to invest in the development of thetourism industry in Ethiopia in particularand out reaching the potentials in the sub-region in general,
• to invest and actively participate in thedevelopment and the rational utilizationof Ethiopia’s natural resources,
• to construct, buy, lease, sell and administerbuildings, apartments, villas and othertypes of houses for offices, residences,shops, business centers and for the use ofother similar services.
Millennium Issue • 7
MIDROC Ethiopia Head Office at Mekanissa
These strategic objectives are implementedthrough independent primary operatingcompanies that constitute the MIDROCEthiopia Group companies referred to hereinabove. The operating companies retain anddevelop their own identities and business ideasbut shall work, cooperate and support each otherto harmonize their long term goals through jointefforts with individual strategic goals to competeeffectively and in the interest of theirstakeholders.
The huge employment opportunity created bythe MIDROC Ethiopia Investment GroupCompanies for tens of thousands of Ethiopians,is among the highly regarded implications ofSheikh Mohammed’s investments and economicintervention in the country.
Synopsis of MIDROC Ethiopia’sEngagement in the EconomicSector
Ethiopia has over 66 million hectares of arableland and an annual overflow of over 111 billioncubic meters of water from which irrigatedagriculture, fishery and hydropower can bereasonably tapped. The country is also endowedwith immense livestock resources. Ethiopia is richnot only in natural resources but also in man-made historical, cultural and traditional pricelesstreasures. The extreme contrasts of Ethiopia’sendowment in her ecosystem, climate, andendemic wildlife, birds as well as unique andcontrasting geological but captivating landscapesare some of the untold features of the country.These natural and rich archeological heritagesare also potential resources for the sustainablegrowth of tourism industry in the country.
The ingenuity of Sheikh Mohammed H.Al-Amoudi has been demonstrated time andagain, in his unfaltering commitment to invest instrategic projects, that would sustainably put toeconomic use and process the country’s natural
and human resources for the nation’s good.
The following brief would indicate SheikhMohammed H. Al-Amoudi’s dedication andpurposefulness of the decisions he makes todevelop the economy and improve the livingstandards of the people of Ethiopia.
i. Investment in Hotel & Tourism Sector
The construction of the multi-million birr,5-Star Hotel, the Sheraton Addis, was an
Sheikh Mohammed H. Al-Amoudi, at theInaugural Ceremony of the Sheraton
A partial view of guests at the InauguralCeremony
8 • Millennium Issue
eye opener achievement in the field ofarchitectural and engineering talent and abreakthrough in the opening up of thecountry’s wealth for the tourism industry.
The decision to go ahead for the
construction of the Sheraton Addis
demonstrated the emphasis Sheikh
Mohammed has put on fulfilling the
prerequisites for the development of
tourism in Ethiopia. With this objective,
Sheikh Mohammed has fully supported
the development of hotel and resort
facilities at Debre Zeit and Araba Minch
towns in the south and also finalized the
incorporation of a new 5-Star Hotel
complex on Lake Tana, at Bahir Dar in
the north. He has also given due
consideration to the establishment of
Travel and Touring Services embracing
chartered air travel, cargo transport and
transit handling services capable of
rendering a full package service to the
international traveller.
His deep-rooted wishes and deter-
mination for continued development of
the country has been explicitly expressed
in his own words in March, 1998, at the
inaugural ceremony of the Sheraton
Addis... “I would love to see, if
possible, new industries being
built monthly by my Investment
Group.”
The idea of introducing the five-star hotel,
Sheraton Addis, was a breakthrough in the
area of high level conference and tourism.
It has enhanced Addis Ababa’s status as
Africa’s political capital, which is a venue
for the Heads of States, who regularly
convene to shape the future of Africa.
This vital point was conveyed to Heads of
State and Prominent International
Businessmen who attended the Intern-
ational Conference - The Addis Forum:
Trade and Investment in Africa under the
theme “Attracting Global Capital to
Africa” and aimed at drawing attention
to the economic potentials and investment
opportunities in Africa. The Addis
Forum that discussed several topics on
promoting and creating new partnership
was held at the Sheraton Addis during
Unveiling of the flag
Shiekh Mohammed H. Al-Amoudi withthe Sheraton Addis General Manager,
Millennium Issue • 9
March 8-9, 1998. Sheikh Mohammed H.
Al-Amoudi was the major sponsor of the
Forum. This was an opportune moment
for Sheikh Mohammed H. Al-Amoudi to
promote Ethiopia for global investment.
His decision to develop the country’s
natural and human potentials is
noteworthy. The timely relevance of esta-
blishing MIDROC Ethiopia Investment
Group and engaging well with over thirty
different companies in almost all the
sectors of the country’s economy cannot
be over-emphasized in the light of their
ability to invigorate development and
growth, and that of their capacity to
generate and/or save foreign exchange - a
scarce commodity in the country.
ii. Investment in Agriculture and Agro-Industry
Determined to contribute to theagricultural development efforts of thecountry, Sheikh Mohammed H.Al-Amoudi invested well in thedevelopment of agriculture that consists oflarge scale conservation based plantations,processing and marketing of high valuecrops, especially coffee, tea, flowers andcereal crops. Due emphasis is also given tothe livestock sector.
Ethio Agri-CEFT Plc. is one of MIDROCEthiopia Group Companies that exportsbest quality of Ethiopian highland coffeeand tea, Gemadro Coffee being honoredrecently with a special Award by Starbucksfor the newest Ethiopian Coffee. Theexport of flowers and other horticulturalcrops, aimed at drawing attention to theeconomic potential and investmentopportunities in Ethiopia is also picking up.
10 • Millennium Issue
Sheikh Mohammed H. Al-Amoudi withAddis Forum Participants at the
Sheikh Mohammed’s striking ability to
organizehis business and set priorities is
ingenious.
Another member of the MIDROCTechnology Group Companies, ELFORAAgro-Industries Plc, has also gainedreputation in being among the country’sleading exporters of steers and processedand fresh chilled meat industries, securinghigh demand and large markets in theMiddle East. Its products are also verypopular in the local market, particularlyduring holidays.
In addition to exporting livestock, themanufacturing of leather products is alsogaining momentum. After organizing thethree leather and leather processing &leather goods factories acquired from thePrivatization Authority, under the newlyformed company Ethio Leather IndustryPlc. (ELICO), Sheikh Mohammed H. Al-Amoudi launched a robust business wingin the manufacturing of leather garmentsand gloving leather for the internationalmarket.
iii. Investment in the Construction Sector
The establishment of MIDROCConstruction Plc., Grade I GeneralContractor Company by SheikhMohammed H. Al-Amoudi was also abreakthrough in the laying of thefoundations for industrial developmentand the construction of complex buildingsand road systems, and that of the creationof employment opportunities forthousands of Ethiopians, apart from itscontribution in the transfer of newtechnology in this highly competitive field.
MIDROC Construction Plc. is wellequipped with the state-of-the-artmachinery and equipment and receivestechnical support from MIDROCFoundation Specialist Plc and MIDROC
Energy House Electro MechanicalService Plc, both Grade I SpecializedService Providers, as and when required,to enhance synergy and to remaincompetitive in the market. It is capable ofproviding unparalleled quality of servicesand is among the leading large privateconstruction companies at present in thecountry.
MIDROC Construction Plc. hassuccessfully completed a number of majorconstruction works in the various parts ofthe country, most of which are massiveand complex structures. The impressiveand functional edifice of the AfricanUnion Conference Center, the high risingNani complex, the Federal PoliceHeadquarters and the Bole InternationalAirport Cargo Terminal are among themany construction works it hassuccessfully undertaken.
Millennium Issue • 11
Sheikh Mohammed H. Al-Amoudi visitingthe
12 • Millennium Issue
Realizing the acute problem of theshortage of cement caused due to thebooming construction activities in thecountry, both in residential buildings,roads and other structures, SheikhMohammed has embarked on theestablishment of billions of birr worthhuge Cement Factory, the DerbaMIDROC Cement Plant Project.The project would produce 2.2 - 2.76million tons of cement annually whencompleted in two years. It shall providejobs to over a thousand people. Two otherMini Cement Plant projects of capacity of134,300 tons each per annum are alsounder implementation at Derba andDejen sites and are expected to getcompleted in a few months time tosupport the current local supply.
iv Investment in Mining, Oil
and Gas Distribution
Two other MIDROC Ethiopia Group
Companies, MIDROC Gold SC and
National Mining Corporation Plc,
engaged in the exploration and
development of minerals, processing and
manufacturing of high quality gold,
precious and dimension stones have made
breakthroughs in the markets of the
Middle East, Far East, Europe and North
America. Prospective exploration work for
more mining of precious stones on a
larger scale including oil exploration is
also underway. It’s now become an
established fact that the export of high
quality gold and the marble varieties of
the Group are in high demand and are
remarked first-class products in the
international markets. These industries
Sheikh Mohammed H. Al-Amoudi visiting the Lege Dembi Goldmine during the initial
Millennium Issue • 13
also offer employment, on a sustainable
basis, to a large number of people.
The establishment of National OilCompany of Ethiopia (NOC) in April2004, is also a multi million Birrindigenous business engaged in thedownstream oil business of Ethiopia.
National Oil Company of Ethiopia(NOC) has captured 25% of the marketshare for petroleum products with a targetof one hundred service stations in the year2007, spreading evenly across the country.
v. Investment in the Manufacturing Sector
The manufacturing sector is anothermajor economic sector that has beenaccorded with the necessary attention bySheikh Mohammed H. Al-Amoudi, as aconsequence of which quite a substantialamount of investment outlay has beenmade to operate.
A number of MIDROC Ethiopia GroupCompanies engaged in the manufacturingindustry have already achievedconsiderable coverage and customerrespect in the market.
Three companies organized under theauspices of the MIDROC EthiopiaTechnology Group, namely theKombolcha Steel Products Industry(KOSPI), Modern Building Industries(MBI) and Wanza Furnishings, areproviding critical support to the boomingreal estate sector and housing constructionsectors. Galvanized corrugated andribbed steel sheets and other engineeredsteel products, plastic tiles, culturedmarble products, water and oil basedpaints, and wooden doors & windows and
ceiling and flooring materials, and house-hold furniture; hydra foam blocks andimpregnated wood, etc. are among thosevital construction materials produced bythese plants.The Bottling Company of Pepsi Cola SoftDrinks (Moha Soft Drinks S.C) is anotherhighly competitive soft drinks and tablemineral water Manufacturing Enterprisein the Group that has the highestproduction capacity in the country. Newinvestment is still being made to expandits capacity even more. The company hasfive plants operating at market centers,strategically located all over the country.
Another manufacturing Companyestablished by Sheikh Mohammed H. Al-Amoudi in the pulp and paper sector isMAMCO Paper Products Enterprise, thatis providing the market with the highestquality of paper products in greatdemand locally.
Plastic based products (crates, pp bags andhessian cloth, etc.) are also produced attwo other factories under the TechnologyGroup of MIDROC Ethiopia. A multimillion Birr project that manufacturespaper packaging, to support the exportbusiness of the country, is also underestablishment with full financing fromSheikh Mohammed H. Al-Amoudi.Sheikh Mohammed, in his desire to savethe foreign exchange expenditure inEthiopia, has also financed theestablishment of a soap and detergentmaking plant in Addis Ababa, that catersfor the big local market previously undersupplied. Another plant of the MIDROCEthiopia Investment Group in thechemical sector is the one engaged in themanufacturing and marketing ofindustrial gases and plastic products forhousehold and industrial applications.
14 • Millennium Issue
Daylight Technologies is another localresource-based industrial venture, SheikhMohammed has embarked upon. Thisplant, currently engaged in the assemblyand marketing of high quality desk andlaptop computers, will have the capacityand capabilities to manufacture all typesof glass products including drinkingglasses, bottles and different types of glassshells for electric lightings.
vi. Investment in Health CareServices
Sheikh Mohammed Al-Amoudi’s unflin-ching commitment to improve the healthcare provision prevailing in the country isnoteworthy. SalaM Health Care Plc andPharmacure Plc are amongst thecompanies established to support thecountry’s health-care developmentprograms. Both are of the state-of-the-artsetups whereby SalaM Health Care shallprovide a first-class referral generalhospital services incorporating a highstandard training center for healthprofessionals.
Pharmacure, on the other hand, is amultimillion dollar project destined tocapably manufacture and market incollaboration with a globally recognizedcompany Glaxo-Smithkline, high qualitypharmaceutical and health care productsfor Ethiopia and for other Africancountries. The first phase of thispharmaceutical complex has alreadyentered production, while the secondphase of the development is underway.
vii. Investment in Trade andCommercial Services
Companies in this category are mainly
Affiliate groups to MIDROC Ethiopia.They are involved in a myriad ofbusinesses including imports, exports,distributions and retail sales of world-classautomotive engineering, technical andhigh tech solution services, cargo and roadtransport operations, forwarding, clearingand warehousing businesses.
Equatorial Business Group, NationalMotors Corporation, East-West EthioTransport, Rainbow Travel & Tours,Trans Nation Airways, Cabey and MugadTravel Plcs are the Companies involved inthe above trade and commercial activitiesof the Group.
viii. Investment in HumanResource Development
Sheikh Mohammed H. Al-Amoudi is astrong believer in a continueddevelopment of human resources andcapacity building efforts to cope up withthe competition in the globalized marketplace.
The following was what SheikhMohammed H. Al-Amoudi once said onthe importance of Education andTraining:
“All sections of society of
developing nations should give
utmost attention and top priority
to education and training if they
aspire to make a meaningful
change in the economic and social
condition of their people.”
Sheikh Mohammed H. Al-Amoudi’sunreserved concern in the developmentof human resources by way of investingin education and training is plausible. Consistent with MIDROC Ethiopia’spolicy, and maintaining its business
Millennium Issue • 15
progress through a professional andcompetent manner, a number ofimportant short and medium termmanagement training programs,workshops and seminars have beenconducted regularly to supplement therequirement of trained personnel invarious capacities in the groupcompanies. With his usual heartfeltdesires to contribute to the alleviation ofpoverty and enhance the advancement ofthe lives of his fellow countrymen andwomen, Sheikh Mohammed H. Al-Amoudi has decided to launch an
investment project on Education,MIDROC Education and TrainingInstitute (METI) Project, whose full-fledged implementation is expected tostart in 2008.
ix. Investment in Research andDevelopment
Among Sheikh Mohammed’s engage-ments in business and entrepreneurialcapability, lies the emphasis he putsforward on research and development.He exerts remarkable encouragement inareas and issues that need research.
Sheikh Mohammed H. Al-Amoudi,whose perpetual vision and commitmentto Ethiopia, provides hopeful prospectsfor all development endeavors, grantedspecial encouraging appreciation to theresearch of Endod that has beenconducted by Ethio Agri-CEFT Plc, oneof the members of the MIDROCEthiopia Investment Group.
The research on Endod, which some 40years ago created excitement amongEthiopians, after Dr. Aklilu Lemma foundits molluscicidal property has been asubject of numerous scientific studies andvarious international workshops.
Ethiop Agri-CEFT Plc is currentlyrunning large scale commercial farms forthe cultivation of Endod. SheikhMohammed H.Al-Amoudi is doing all hisbest to follow closely and enrich theresearch tradition. Apart from usingEndod in the control of leeches,coordinated efforts are being exerted toadvance its industrial application, in theform of powder and bar soap.
The Endod Research Project has madethe Regional States of Amhara, Oromiaand the Southern Nations andFinancial Training Graduates
16 • Millennium Issue
Nationalities and Peoples Statesbeneficiaries of the project, either by wayof making use of the products or growingthe plant at a larger scale.
The number of beneficiaries would growinto all Regions where the agro-ecologicalconditions demand. The research now hasoffered a simple application for thecomplex problems of Ethiopian farmers.It is also planned to export the product tomarkets in Europe and America.
Corporate CitizenshipResponsibility andPhilanthropy
Major Philanthropic Contribution
Notwithstanding Sheikh Mohammed HusseinAli Al-Amoudi’s massive investment in thevarious sectors of the Ethiopian economy,MIDROC Ethiopia Group and AffiliateCompanies continue to provide support to civilsocieties for initiatives undertaken by specificcommunities, non-governmental organizations,welfare associations, gender groups, child welfare,HIV/AIDS etc.
His recent decision for a gracious financial
contribution of $20 million to the ClintonHIV/AIDS Initiative to help for its efforts as partof increasing care and treatment of people livingwith HIV/AIDS in Ethiopia, depicts hisdetermination with no limitation whatsoever, toassist in any sustainable activity that cancontribute to the advancement of the livelihoodof Ethiopians. He said at the signing ceremonyof the Memorandum of Understanding .. “Isee this contribution to the Clinton
HIV/AIDS Initiative (CHAI) as part of
my continuing effort to improve the
welfare of the people of my country of
birth. In particular, I wish to support
the works of CHAI as a means of
providing access to quality health-care
for the Ethiopian people.”
He also recently made a significant financial
contribution to the African Humanitarian Action
(AHA), a Pan African NGO that provides
humanitarian assistance to refugees, internally
displaced persons and local communities
throughout Africa.
Sheikh Mohammed H. Al-Amoudi is a man who
is extremely compassionate and kind-hearted,
who never hesitates to come to the rescue of a
friend and even a stranger in time of dire need
and great difficulty.
His generosity is boundless and he likes to share
the blessing of God with his fellow men and
women, including employees, friends, etc. in
times of sickness, misfortune and difficulties. His
kindness and generosity are believed to have
grown in him and are rooted deep in his heart.
His behavior, grown in him, is manifesting itself
in the countless humanitarian and generous
donations and sponsorships he undertakes to
help the sick, the destitute and needy people from
all walks of life, who had serious and lifeSheikh Mohammed H. Al-Amoudi handingover the financial contribution toFormer American President,
Millennium Issue • 17
threatening health problems.
Sheikh Mohammed H. Al-Amoudi’s philanthropic
hands are not confined to individual donations.
Every time the country is hit with natural
calamities or disasters of measurable magnitude,
Sheikh Mohammed’s readiness to stretch his
generous hands have repeatedly been
demonstrated time and again, without fail.
The Children’s Heart Fund of Ethiopia, theShakisso road construction local initiative,victims of Hurricane, Cheshire Home, ObeliskReturn Committee, the relief and flood victimsare among the few beneficiaries of thebenevolent heart that has no equals. SheikhMohammed has always donated millions of Birr
to Regional Developments in the various fundraising programs organized by the concernedRegions, and sponsored a large number ofdevelopment endeavors.Sheikh Mohammed Al-Amoudi has alsocontributed much to the cause of the AfricanUnion. One of his companies, MIDROCConstruction Plc constructed the African UnionHeadquarters in a most efficient and professional
manner.
The multimillion Birr upgrading anddevelopment, by Sheikh Mohammed H. Al-Amoudi, of the Africa Park, stretching fromopposite UNECA Headquarters in the south, upthe southern bounds of the Grand Palace in thenorth, not only uplifted the environs of theUNECA compound but also created a refreshingbreak and extra glamour to the vicinity.
A view of the Africa Park
Sheikh Mohammed H. Al-Amoudi at theInaugural Ceremony of the Africa Park
Heads of African States at the Inaugural
The African Union Headquarters
18 • Millennium Issue
At the inaugural ceremony of the Park, in thepresence of African Heads of States andRepresentatives, Sheikh Mohammed H. Al-Amoudi reaffirmed his commitment to his
country and promised that he would do his bestto make Addis Ababa the Diplomatic Center ofAfrica and said that: “The Park is a gift frommy mother’s country to the whole ofAfrica.”
In the field of sports too, Sheikh Mohammed hasrigorously and vigorously encouraged to helpsport activities, promote football and athletics inhis country.
He has sponsored three rounds of annualtournament of the Eastern and Central AfricanFootball Association (CECAFA). Thesecompetitions and championships are termed“Al-Amoudi Senior Challenge Cup.” Hehad also fully sponsored the Ethiopian SoccerTeam that had twice grabbed the CECAFA Cup.Athletics Sport also has benefited a lot from hisgracious donations and support.
Awards and Recognitions
Sheikh Mohammed Hussein Al-Amoudi hasreceived Praises, Awards, Recognitions andMedals of Honor for his vision and provenleadership in business and for his socio-economic
Sheikh Mohammed H. Al-Amoudiwelcoming and handing over the Cup to
Sheikh Mohammed H. Al-Amoudi beingdecorated with the Royal Order PolarStar of Sweden in December 1997
Sheikh Mohammed H. Al-Amoudireceiving the Insignia Commander,First Class of the Royal Order of thePolar Star from His Majesty King Carl
Millennium Issue • 19
development and his contributions in advancingnational and humanitarian causes. The latestinclusion is the Award by His Majesty King CarlXVI Gustaf of Sweden the “ Insignia ofCommander, First Class of the RoyalOrder of the Polar Star,” for his contributionas an Outstanding Investor in Sweden since1974. He has earlier been awarded the RoyalOrder Polar Star of Sweden back inDecember, 1997 from Sweden for his hugeinvestment activities in that country. He has also been awarded countless Awards
locally for his contributions towards thedevelopment of Ethiopia including those for hiscontributions to Ethiopia’s sports, particularly tofootball.
The most deserving award and honor given toSheikh Mohammed H. Al-Amoudi is theconferment of an Honorary DoctorateDegree, for his unparalleled contributions he hasmade so far, to promote Ethiopia in the field ofsocial and economic development.The testimony given by Professor AndreasEshete, President of the Addis Ababa University,during the award-giving ceremony best expressesSheikh Mohammed H. Al-Amoudi.
“You were born in Dessie and spentyour childhood in Woldya. You are avisionary businessman who has
richly invested in Ethiopia and manyother places in Africa. Yourcommitment to African developmentis unrivalled in the businesscommunity. Your devotion toeducation is an inspiration to others.You have set new standards tophilanthropy. Among the manybeneficiaries of your generosity arethe Organization of African Unityand the African Union. You have alsogiven patronage to artists and thearts including our own musicschool….”
Good Governance
In line with the motto of the Investment Group“Committed to Development,” MIDROCEthiopia allocates huge amount of local andforeign resources and exerts extensive efforts toensure Good Governance in the investmentgroup promoting transparency and ethics in itspublic and private partnership affairs. MIDROCEthiopia is among the very first few to introducecorporate “Code of Ethics” in Ethiopia.
The huge investments of Sheikh Mohammed H.Al-Amoudi, as briefly outlined herein above, aremeant to bear the much desired long lastingsocio-economic transformation and growth inEthiopia. The nature, magnitude and consistencyof his investments made so far in all the majorsectors of the economy confirm nothing, but thatof Sheikh Mohammed’s commitment as adevelopment partner and a great son of hismotherland - Ethiopia.
Sheikh Mohammed H. Al-Amoudi afterthe conferment of Honorary DoctorateDegree from the Addis Ababa University
Some of the awards &certificates given toSheikh Mohammed H. Al-Amoudi inrecognition
MIDROC Ethiopia Investment Group
COMPANY PROFILES
SHERATON ADDISP.O. Box 6002 Addis Ababa EthiopiaTel: + 251-11-5-171717Fax: + 251-11-5-172727E-mail: [email protected]: www.luxurycollection.com/addis
20 • Millennium Issue
Background
Sheraton Addis, the first luxury collectionhotel in Africa and a member ofStarwood Hotels & Resorts WorldwideInc. started operation on February
28, 1998.
The hotel, situated on the hilltop, opposite theNational Palace and very close to the UNECAHeadquarters within the proximity of the citycenter commands one of the best scenicpanoramas in the metropolis.
Mission
The mission statement of the Sheraton Addisreads:
“At Sheraton Addis, we are committed tobecoming the number one luxury hotel inthe world by attracting and retaining thebest employees and by providing totalcustomer satisfaction in order to increaselong term profit and value for our ownersand Hotels & Resorts Worldwide Inc.”
Services:
Rooms/Banquet
Sheraton Addis has a mission of availing the besthotel services money can buy, with its 293 deluxeguestrooms including 33 suites. The hotel alsoprovides self-contained private villas locatedadjacent to the swimming pool. All guestroomsare equipped with double telephone lines;privately manipulated air conditioning system;electronic mini-bar and electronic safe; satelliteTV; large office desk; deluxe bathroom andsprinklers for fire extinguishing system.
Additionally D.I.D. service (Direct InwardDialing) enables hotel guests to have pagingsystem calls bypassing the switchboard withoutany additional cost. All suits are equipped withDVD players
The Sheraton Addis offers one of the largest andmost prestigious banquet and conferencefacilities in Ethiopia, providing over 1,500 squaremeters of function space. This results in 11conference rooms, being available in the hotel fora conference of 12 to 1,500 delegates.
The Executive Business Center offers fullsecretarial support, internet access, computerworkstations, color copying and fax transmissionservices.
A view of Sheraton
Millennium Issue • 21
The hotel also disposes of internet lease lines to makecommunication faster and more efficient. Office,meeting space, as well as mobile phones and laptopscan also be rented in the Executive Business Center.
WIFI or wireless internet is available in the hotelpublic areas, such as the Pool Area, the ExecutiveBusiness Center & the Executive Lounge.
Food and Beverage
The hotel provides an array of dinning optionsincluding Italian, French, Indian specialty restaurants,as well as a poolside restaurant and all-day dininginternational restaurant with 5 bars and lounges.
Exclusive Services
Sheraton Addis health club, the Aqva Club isdesigned in ageless beauty and provides an
Inside view of the Sheraton Addis
22 • Millennium Issue
atmosphere of relaxation, with attentive services.This recreational facility includes outdoorswimming pools, sauna, massage and Jacuzzi. Aspecial feature of the pool is its underwatermusic. The pool is also beautifully illuminated atnight. Within the Aqva Club is also found thespecial Simba Club, the children’s playground.
In the Gaslight Night Club, one can dance thenight away at the city’s finest nightclub. This cluboffers a world of excitement and energy. Musicfrom around the world keeps the dance floorplucked. State-of-the-art light and sound systemsensure a continuous high-energy atmosphere.Multiple bars and lounge areas offer a hugeselection of beers and spirits.
The Sheraton Addis is the only hotel in Ethiopiato have a Water Treatment Plant using Ultra-Violet water sterilization system, which ensuressterilization and bacteria free purification ofwater. Because of its very powerful generators,the hotel is never affected by possible power cuts.
The hotel is generally accessible for physicallydisabled persons. Special rooms designed for suchpeople are also available in the hotel.
Awards
Sheraton Addis was awarded the UltimateService Award for Africa for three consecutiveyears, since 2001.
The Ultimate Service Award is set up by adistinguished planning committee, whichgenuinely cares about service delivery. Asupervisory panel of the world’s top globalhoteliers and many top associations, includingthe World Travel & Tourism Council backs it.
In 2006, within Starwood Hotel & Resorts,Sheraton Addis was the winner of Best LRAscore for Africa for the year 2005 Awards and theBest Guest Satisfaction Index (GSI) score forAfrica for the year 2005 Awards.
LRA measures the Quality and Brand Standardcompliance of the Sheraton Addis with LuxuryCollection values. GSI or the Guest SatisfactionIndex results from assessments and feedbacks thehotel receives from its hotel guests.
Pool Area of the Sheraton Addis
Millennium Issue • 23
Member of the MIDROC Ethiopia Group
P.O.Box 1006 Addis Ababa, EthiopiaTel: +251-11-6-615608 Fax: +251-11-6-615573
E-mail: [email protected], Website: http:/www.ethionet.et/~ectpm/
Millennium Issue • 25
Background
Ethio Agri-CEFT Plc was establishedin January, 1998 with a paid upcapital of Birr 30,000,000 setting upa large coffee plantation, Gemadro,and acquiring the Gumaro Tea
Plantation, the Wush-Wush Tea Plantation, theTea Processing and Packing Factory, Ayehu Farmand Bir Farm and the transferring of the BelesFarm from Al-Mesh Plc.
Major Products of Ethio Agri-CEFT Plc includewashed and sun-dried coffee, black made tea(loose, packed), food crops (cereals, pulses, oilcrops), medicinal, herbal and aromatic plants,spices, honey and cut flowers.
The annual turnover of the Company in fiscal year2005 depicted an annual average growth rate of28% when compared to year 2004.
Schemes Instituted
The Company has put together tea out-growersscheme from year 2004 around Gumaro and WushWush tea estates. The number of farmersparticipating in this scheme are 102 with a totalholding of 8.6 ha. When the tea plant is ready forplucking, the green leaves will be plucked anddelivered to the respective tea estates at agreedprices.
P.O.Box 1006 Addis Ababa, EthiopiaTel: +251-11-6-615608 Fax: +251-11-6-615573E-mail: [email protected], Website: http:/www.ethionet.et/~ectpm/
ETHIO AGRI-CEFT P.L.C.
One of Ethio Agri Ceft’s major export
26 • Millennium Issue
Endod (Phytolacca dodecandra), which istraditionally used as a detergent is found to beeffective as a molluscicide, larvicide, fungicideand leechicide. It is, therefore, confirmed that iteffectively controls leech, which greatly affect thehealth of cattle and draught animals.
Endod is also an organic product andbiodegradable which is friendly to theenvironment. Considering the economicadvantage, the Federal Ministry of Agricultureand Rural Development has developed anddistributed an extension package program to all
Regional Bureau of Agriculture and RuralDevelopment for its wider implementation. Cumulative Investment Outlay and Return
The total amount of capital employed to date isBirr 392,954,765 with company’s own equity.
Management StandardsAchieved
The Company was an Award Winner in therecognition of its excellent agricultural products
Ripe Endod Berries -
Activities in Gojam
export performance of 2004/5 and 2005/2006from the Ministry of Agriculture and RuralDevelopment. It uses the latest agriculturaltechniques in producing high quality products,which meets international standards in coffee, teaand cut flower production.
Ethio Agri-CEFT Plc exports best qualityEthiopian highland coffee and tea. One of itsexport items, Gemadro Coffee, certified by UTZKapeh and verified by Starbucks for satisfyingthe CAFÉ practices standards was recentlyhonored with a special Award by Starbucks forthe Newest Ethiopian Coffee.
Markets
The Company is the major producer of tea andcereals in the country. It also produces the bestquality of highland coffee.
The Company is highly competitive and has thelions share in supplying tea, coffee and cereals tothe local market, satisfying the local demand oftea. In addition to this, it plays a big role instabilizing the local market and contributes inalleviating food shortage problems.
A total of Birr 40,912,304 and Birr 23,003,180were earned from tea and coffee export salesrespectively during the period 2004-2006.
From 2002/03 - 2005/06 a total of USD8,744,000 was earned from the sales of 5719 tonsof tea and 1241 tons of coffee to foreigncountries.
Achievements Recorded
Depending on the existing objectives of theCompany, the newly established as well asprivatized farms were restructured and a clearand a well defined delegation was given. A newand modern financial recording system wasadapted. New administration manual wasdeveloped, which corresponds with privateownership and free market economic policy.
Relevant manuals such as sales, purchase,property control, etc. were developed and timelyup-dated.
Production
The production of coffee has increased from 630quintals of 2002/03 to 14,140 qt in 2005/06.This is 22 times greater than previous yearproduction.
Made tea production, which was 3900 tons inyear 2002/03 is 5310 tons in year 2005/06. Thisshows an increase of 36%.
The production of maize was around 10,370tons in the year 2002/03 production. Theproduction in year 2005/06 has increased to32,500 tons, which is 3 times greater than theproduction from the time of acquisition.
Ethio Agri-Ceft Plc. practices required standardsoperations which has enabled it to reach foreigndestinations.
Competitiveness
Sheikh Mohammed visiting the Tea Processing & Packing Factory
Millennium Issue • 27
28 • Millennium Issue
Ethiopia was not known for its tea product, butafter the estates were owned by Ethio Agri-CEFT, a lot has been made in popularizingEthiopian tea and it is becoming favored even bythe best tea, drinkers like the United Kingdom.Also, Ethio Agri-CEFT is the sole producer aswell as distributor of local tea.
Corporate CitizenshipResponsibility
A total amount of Birr 46,744,840 was paid tothe government in the form of withholding, VATand land use tax during the operating period.
The Company made an intensive effortrendering various social services to its employeesand the community residing around the farms.
The Company, both at the Head office in AddisAbaba, and in the farms provided jobopportunities for 15,746 out of which 2202 arepermanent, 109 contract employees and 13,435casual workers.
The Company, as part of its efforts to keeping thehealth of its employees and productivity, givesparticular attention to the prevention and controlof HIV/AIDS. Regular awareness creationactivities are being carried out among workers,their families and the surrounding communityand voluntary counseling and testing is beingwidely exercised. HIV positive employees areprovided with support and anti retroviral drugs.The employees of the farms are contributingmoney from their salaries monthly in order toprovide economic support to the workers livingwith HIV/AIDS and to the children who havelost their parents.
The farms, through their clinics provide variousmedical services, with minimal fees and free ofcharge vaccination services and depending on theurgency of the medical case, ambulance service is
provided to the surrounding community.
The Company has built kindergarten, primaryand junior secondary schools, with the necessaryfacilities equipped in all arms in which thechildren of the employees as well as thesurrounding community are beneficiaries.
Future Plans
• To increase the output/ha usingsupplementary irrigation.
• To diversify the agricultural products byadapting new technologies from localResearch Centers and importing foreignmaterials.
• To expand the cut-flower production by 14ha.
• To process, pack and distribute some ofthe agricultural products produced by theCompany to the consumer.
• To provide the critical shortage ofimproved seed to the needy.
• Plans to add herbal medicinal andessential oils to its list of export items.
Other information considered appropriate tohelp provide a fuller picture of the Company’sactivities.
Project Under Implementation
Name of the Project: Holleta Flower Project
The Project in BriefThe main objectives of the project are to producehighland roses on 20 hectares of land undergreenhouses and modern irrigation system, forexport market. The Project is located in Oromiya
Planned Date of Completion: June, 2008Planned Schedule of Implementation: 2008 Estimated completion time: 2010Project Benefits: Supply improved seed to the country
Get better income from sales of improved seeds
Ethio Agri-CEFT Plc is pleased to discuss commercial terms with overseas buyers. Please use Company’s fax, e-mail or telephone address for any business contact.
Region, Holetta town, some 30 kms away fromthe capital city of Addis Ababa. Implementationof the project is divided in two phases.
Phase I 7ha.Phase II 14ha.
Currently Phase I of the project is substantiallycompleted and export of flowers has started sinceApril, 2006. Land preparation for Phase II iscurrently underway. Annual Production of theproject at full development is up to 27 millionstems of cut flowers. As per the feasibility studyconducted, the Internal Rate of Return (IRR) ofthe project is 32%.The Project has its won office in Holleta with 40
skilled and 200 unskilled workers.
Total Investment
The total investment cost of the project isestimated to be Birr 85.8 million of which 27.0million birr is local cost and the remaining 58.8million birr is foreign component. The expectedforeign currency earnings to the country fromthis are more than 5 million USD per year. Inaddition, the project will create job opportunitiesto more than 50 permanent and 400 casualworkers.
Sheikh Mohammed visiting the horticulture project with the General Manager of the
Millennium Issue • 29
P.O. Box 9281, Addis Ababa, EthiopiaTel: +251-11-4-655153 / 4-655154 / 4-655053
Fax: +251-11-4-655151E-mail: [email protected], [email protected]
Website: http:/www.telecom.net.et/-elico
Member of the MIDROC Ethiopia Group
Millennium Issue • 31
Background
Ethio-Leather Industry (ELICO),established in August, 1997 with aregistered capital of Birr 51,705,000was acquired from the Ethiopian
Privatization Agency.
ELICO has currently employed a total capitalof Birr 170,720,059 and has returned itsinvestment capital at full capacity.
Operating Units
The Industry has three Operating Units,namely, the Gloving and Hides Unit, GoatSuede and Shoe Leather Unit and LeatherGoods and Garment Unit.
The Company produces finished leathergarments for men and women, sports glovingleather from sheepskin, finished goat suede forshoe upper, finished cowhide for shoe upper,finished crust lining leather, cowhide crust andother leather goods and articles.
Operation
The annual/turnover and average annualgrowth rate of the company exceeds Birr 101Million.
The Company adheres to the socio-economicscheme of making the surrounding societypartner of the whole operation either throughtaking part as suppliers of inputs and/or
ETHIO LEATHER INDUSTRY (ELICO)P.O. Box 9281, Addis Ababa, EthiopiaTel: +251-11-4-655153 / 4-655154 / 4-655053 Fax: +251-11-4-655151E-mail: [email protected], [email protected]: http:/www.telecom.net.et/-elico
Different types of ELICO leather
32 • Millennium Issue
consumers of the products of the industry.ELICO has installed an Effluent Treatment Plantat the Glove and Hide Unit (GHU), anenvironment friendly project with a view toprotect the environment and the communityfrom hazardous discharges, which can be cited asan example of good partnership with thecommunity. The chrome-recovery project hasbeen put in place at the Goat Suede and ShoeLeather Unit (GSSLU). An effluent TreatmentPlant Project is also in the pipeline at the GoatSuede and Shoe Leather Unit.
Corporate CitizenshipResponsibility
The Industry is characterized by its demandingnature of the country’s major resources andprocessing leather for local and external markets.In this process, the company has paid up taxesamounting to ETB 42,096,000 and earnedforeign exchange of USD 84,800,000 apart fromcreating job opportunities for 1358 people.
ELICO is sustainably discharging its socialobligations, including awareness creation onHIV/AIDS and providing VCT Services for itsemployees, providing fully paid sick leaves forHIV positive employees, transferring victims toless demanding jobs and fighting stigmatizationattitudes.
ELICO’s contributions to the community arevaried and significant among which are itsfinancial contributions for the construction of
Finished leather products of ELICO
ELICO’s Effluent Treatment Plant is oneof the
Millennium Issue • 33
access roads and bridge over the Akaki River. Achievements
ELICO has achieved process managementstandards and received ISO Certification. Itsproducts are the most competent in the market.All operating Units are ISO 9001-2000 certified,while the Gloving and Hide Unit is ISO 14001certified for its environmentally friendlyproduction. GSSLU and LGGU are in their finalstages of ISO 14001 Certification.
The Industry has also received RecognitionAwards in many exhibition venues and has beenawarded for its outstanding export performanceby the Ethiopian Ministry of Trade and Industryfor successive years. ELICO’s finished dress andsports gloving leather from sheep has penetratedthe international market.
ELICO secures about 40% of the market infinished leather goods and garments and about70% in the leather goods and articles in the localmarket. Also the Company commands 25% ofthe local market for finished processed andfinished leather for shoe upper front.
In the export market, particularly in theprocessed and finished gloving leather, ELICOhas grown tremendously in the past seven years.The Company has exported finished gloveleather worth of USD 4,007,444,000 during thefiscal year 2005/2006. This achievement hascome about through the unfaltering effortsexerted by the Company and its employees atdifferent levels by way of introducing new mixesand fashionable products and system of work.
ELICO is a pioneer and is a trail-blazer in theproduction and export of finished dress andsports gloving leather. Its finished dress andsports leather from sheepskin has penetrated theinternational finished leather markets. Throughpersistent effort, it succeeded in putting Ethiopiain the global map of finished leather
ELICO participates in various fashionshows
34 • Millennium Issue
manufacturers and exporters. Modern systems and procedures were introducedin all operational areas, and as a result of whichspecialization was put in place in order to utilizethe benefit of accumulated experience in specificareas. Many employees were trained in-house andexternal training institutions to upgrade theirskills.
Future Plans
ELICO is currently determined and workingtowards winning new customers and strengthenthe existing customers for the finished glovingleather and promoting the finished goat suede inthe international leather market.
Major items imported are chemicals, dye stuffand spare parts for the machinery. The chemicaland dye stuff manufacturing is a complex andtechnology intensive industry. Hence, ELICOmay not have options regarding chemicals anddye stuffs in the short run.
The Tannery’s machinery is highly specializedand requires the development of the industrialbase (heavy industry) in order to manufacture theparts locally.
Sheikh Mohammed visiting the Awash Tannery with Company’s General Manager, Ato
ELICO’s Factories are equipped with
Millennium Issue • 35
Background
MIDROC Ethiopia Construction
Plc. is a Class I General
Contractor, established in 1993,
with a total investment in
construction equipment plant and facilities of
Birr 500 million and engaged in a wide range of
construction undertakings of all types and sizes.
The vision of the Company is to build an
international standard construction company
and engage in large multi-million heavy
construction projects and thereby contributing its
share in the development of the infrastructure of
Ethiopia.
The Company’s mission among others, is based
on firm company values and committed to:
• offering the highest level quality
construction service to clients,
• providing company trustworthiness
through long term collaborative
relationship with clients and suppliers,
• striving to work for excellence and quality
on continuous basis for the satisfaction of
clients,
• maximizing the potential of employees
through training and development
programs.
Operation
MIDROC Construction Ethiopia Plc offers widerange of construction services in construction ofall types of construction project works of any sizeand complexity including high rise buildings,hospitals and schools and civil engineering works,such as roads and bridges, airports and dams.
The company also supplies ready mix qualityconcrete (C15-C40), meeting national andinternational standard specifications.
MIDROC Construction Ethiopia Plc. is familiarwith different procurement arrangement inconstruction contracting Traditional BOQContracts; Design and Building Contracts andTurnkeys Contracts.
Accomplishment
Since its establishment in 1993, the Companyhas undertaken several multi million birr projectsin Ethiopia, with an annual average constructionvolume of Birr 165 million in the last five years.To mention only a few of them: Sheraton AddisHotel, Nani MIDROC Corporate OfficeBuilding, Mekele Referral Hospital Building,Salam General Hospital Building, African UnionConference Hall & Office Complex, OromiaState Conference Hall & Office Complex, LoliOffice and Residential Building, AmharaMartyr’s Monument, Federal Police HeadQuarters, Oromo Martyr’s Monument,Ethiopian Airlines Cargo Terminal.
MIDROC CONSTRUCTION ETHIOPIA P.L.CP.O. Box 16960, Addis Ababa, EthiopiaTel. +251-11-5-510899Fax +251-11-5-512244E-mail: [email protected]
Member of the MIDROC Ethiopia Group
P.O. Box 16960 Addis Ababa, EthiopiaTel. +251-11-5-510899Fax +251-11-5-512244
E-mail: [email protected]
Millennium Issue • 37
Currently the Company is engaged inconstruction of four urban asphalt concrete roadprojects in Addis Ababa with a total length ofover 20 km and contract amount of Birr 300million and a 62km asphalt concrete highwayfrom Dembi to Bedelle towns in Jimma Zone,outside Addis Ababa with a total contractamount of over Birr 200 million.
Plant, Equipment Resources and Facilities
Major pieces of equipment and Plant owned bythe company include: Hot Aphalt Mixing plants100-150 TPH, Concrete Mixing Plant 30-60cm/Hr. Aggregate Crushing Plants 100-
180TPH, fleet of Earthmoving Equipment andDump Trucks 10-15M3, AsphaltPavers/Finishers, Tower Cranes 45-100m HUH,Mobile Cranes 20-90 ton with the followingfacilities:.
• Metal Workshop capable of fabricatingsteel trusses, metal doors and windows,formwork panels etc.
• Aluminum works workshop equippedwith automated cutting and assemblingmachines capable of fabricating andassembling aluminum curtain walls, doorsand windows.
• Construction materials testing laboratoryfor soil, concrete and asphalt testing ofwhich the company carries out for qualityassurance.
State-of-the-art construction equipment of the Company
38 • Millennium Issue
The workforce of MIDROC Construction Plc asat the end of June was 3391. This includeshighly skilled to semi skilled and unskilledworkers. Since construction industry is a largeemployer of skilled and unskilled labor, thecompany is a source of large number of jobs.
A view of Building and Road Construction Projects underway in Addis Ababa
Sheikh Mohammed visiting the AfricanUnion Conference Center and OfficeBuilding Project with Company’s
Future Plan
The future plan of the Company comprises ofthe expansion of capacity and to heavily engagein the construction sector of road building and
waterworks construction, increase turnover toOne Billion Birr annually and invest more andcreate more and more jobs to Ethiopians.
Recently completed projects of MIDROC ConstructionEthiopia:
Nani Building: Future MIDROC Corporate
Background
MIDROC Energy HouseElectro Mechanical ServicesPlc was established inOctober 1999 with a paidup capital of Birr 4,600,000.
It has an annual turnover growth of Birr4,000,000 and an average annual turnovergrowth rate of about 14% in the last 3 years.
Major Services:
The Company provides electromechanicalengineering services contracting – design,manufacturing, installation and erection, as well as maintenance of electromechanicalsystems, i.e.
• LV lighting and power distributionsystems,
• Utility systems (Electric power, telecom,HVAC, water, fuel and gas distributionnetworks)
• Security and protection systems (CCTV,fire and burglar alarms and protectionsystems)
• Other industrial and service sectorelectromechanical machinery andequipment.
Management StandardsAchieved
The company is providing its services inaccordance with international and localprofessional standards and has been awarded in anumber of times with Merit Certificates by itscustomers in recognition for its outstandingservices.
MIDROC ENERGY HOUSEElectro-Mechanical Services P.L.C.P.O. Box 27784 Code 1000 Addis Ababa EthiopiaTel: +251-11-5-535968Fax: +251-11-5-535971E-mail: [email protected]
MEH – EMS Design Room
Millennium Issue • 39
Member of the MIDROC Ethiopia Group
P.O. Box 27784 Code 1000 Addis Ababa EthiopiaTel: +251-11-5-535968Fax: +251-11-5-535971
E-mail: [email protected]
Millennium Issue • 41
Markets:
The Company has been serving only thedomestic market up to now mainly in the area ofdesign, installation, erection and maintenanceservices of low voltage electrical powerdistribution and lighting systems for largeindustrial and building complexes.
The major problem in the domestic market,especially in the building installations sub-sector,is the lack of appropriate regulations andstandards for grading and standardizingelectromechanical jobs and enforcing suchregulations and standards so that such jobs arecarried out by appropriately qualified andcertified contractors. This problem has nowenabled civil and general contractors to take upall the building electrical installation workstogether with the major civil works and carry outthe installation work at low quality standards, byemploying low-grade materials and skills at the
cheapest possible prices. This has greatly limitedthe opportunities for properly organized andspecialized contractors like MEH to get jobs inthis area. The company is doing its best topromote such regulations through relevant civilsocieties so that quality and safety shall beensured in such electrical installation works in thefuture, at the same time, creating theopportunities for growth of appropriatelyqualified and certified local contractors.
Annual Import Value andMajor Items Imported:
Practically all materials used in electro-mechanical installation and maintenance servicesare normally imported. MEH intends togradually design and manufacture some of theless complex and non-standard items locally so asto save foreign exchange and at the same timebecome more competitive in the market.
Awassa Chipwood Factory electrical power distribution & lighting installation
42 • Millennium Issue
Corporate CitizenshipResponsibility
The Company intends to act responsibly to thewelfare of the community, the country and theenvironment. In line with this principle, thecompany lives up to high social responsibilitystandards through provision of quality and safeservices creation of employment and careeradvancement opportunities, participating in theupkeep of the environment wherever it happensto work, in addition to its unreservedparticipation in various relief and rehabilitationconcerns in the country.
Currently, the company has 20 definite andindefinite terms of employees. It has beenproviding considerable employment oppor-tunities especially to young engineers, techniciansand other skilled and semiskilled workers since itsestablishment.
There were busy periods in which the companyhad as many as 200 employees in its payroll.
The Company has been properly discharging itstax related obligations since its establishment andhas contributed a considerable amount of moneyover the years towards helping war, drought andflood victims. The Company has also beenactively participating in the anti-HIV/AIDSmovement within the MIDROC Ethiopia Group.
Achievements:
The Company has up-to-now successfully carriedout a number of sizeable machinery erectionworks, electrical installation and maintenanceservice projects to the satisfaction ofdistinguished clients like the UNECA in AddisAbaba, the New Addis Ababa Bole InternationalAirport and the New Cargo Terminal projects, assubcontractors of such renowned internationalcontractors like Kharafi International, ABB-Finland and ICM-Airport Technics of Germany.
Future Plans:
The Company intends to enter the utility sectormarket as soon as possible, where considerablebusiness opportunities for design, installation anderection as well as rehabilitation andmaintenance services of LV and MV powerdistribution networks exist through utilization ofpartnerships with experienced internationalconsultants and contractors in the field.
Machinery erection & electrical wiring activities - Ethiopian Airlines Cargo
P.O.Box 1912 Code 1110 Addis Ababa, EthiopiaTel: +251-11-4-431464 / 4-421876 / 4-406620
Fax: +251-11-4-421876E-mail: [email protected]
Member of the MIDROC Ethiopia Group
Background
MIDROC Foundation Specialist Plc wasestablished on June 12, 1998, with an initialcapital of Birr 3.5 million, which was raised toBirr 7.0 million for expansion purposes. Itsnature of investment is “SpecializedFoundation Construction.”
The Company is registered as Grade ISpecialized Contractor and has become thepioneer and the only one of its kind in thecountry.
Mission
The company is involved in specializedfoundation construction works that enhanceand complement the need for complex high-rise buildings, dam foundations, and heavybridge construction and facilitate andimplement city and road constructions. It isalso engaged in an in-house local andinternational foundation projects.
The company has carried out numerousfoundations and pile works in many sites. Thecompany’s annual turnover is between 20 and30 million birr on average depending on theavailability of market demand. The nature ofthe operation of the company is not laborintensive, however, the company has played asignificant role in creating skilled workers out of
MIDROC FOUNDATION SPECIALIST P.L.C.P.O.Box 1912 Code 1110 Addis Ababa, EthiopiaTel: +251-11-4-431464 / 4-421876 / 4-406620Fax: +251-11-4-421876E-mail: [email protected]
44 • Millennium Issue
Millennium Issue • 45
unskilled ones by training its unskilled staff to beable to operate its unique equipment for drillingand anchoring by involving Ethiopian geologists,foundation engineers and others experts in thefield.
The Company has created job opportunities for91 highly specialized professionals and semiskilled laborers working in their respectiveassignments in its different sites.
The unique anchoring and drilling equipment
Foundation experts at one of
46 • Millennium Issue
Corporate CitizenshipResponsibility
MIDROC Foundation Specialist PLC is classifiedas a large taxpayer and known for paying allrequired taxes regularly, and also a contributor inthe generation of foreign currency.
Although a Glade I Specialized Contractor,
MIDROC Foundation Specialist Plc also
provides optimized foundation proposals as an
alternative to commonly provided solutions with
the introduction of larger diameter piles (up to
1500mm). Significant cost savings were possible
in a proposal recently tabled to
a grateful client by optimizing
the design from small diameter
longer piles to piles of larger
diameter and shallower depth.
With nearly twenty projects
under its belt within Ethiopia,
MIDROC Foundation Specialist Plc.
is a pioneer to exporting
foundation technology to
neighboring Kenya, Tanzania
and the Sudan. In-house trained
Ethiopian experts have left their
marks on several key projects
within those countries. Having
witnessed the developments
within the last few years,
awareness levels seem to be on
the rise where specialized
foundation solutions are
becoming part and parcel of the
construction industry norm.
Millennium Issue • 47
Background
National Mining Corporation Plc wasestablished on March 18, 1993 witha paid up capital of Birr103,000,000. The Corporation is
engaged in prospecting, exploration development,production and processing of minerals,dimension stones and mineral products includingpetroleum and petroleum products and
marketing of mineral products and petroleumboth within the local and foreign markets.
Operating Units of the Company are:
• Awash Marble Processing Plant• Dalleti Marble Quarry• Harar Quarry
The Corporation has an average annual turnoverof around Birr 25,000,000.
P.O.Box 1174, Addis Ababa,EthiopiaTel: +251-11-3-711887Fax: +251-11-3-711677E-mail: [email protected]: www.nmic-boka.com
NATIONAL MINING CORPORATION P.L.C.
Sheikh Mohammed delivering a welcoming address at the inaugural ceremony of NationalMining Corporation Plc
48 • Millennium Issue
Operation
At present the marble quarry has 5 benches, eachhaving more than 40 meters length and a heightof 5 meters. It has advanced for more than 50meters.
The Company, although not certified by ISOStandards, produces and sells marble and graniteproducts with a very high aesthetic value andunique color marble textures which excel otherdimension stone products. One of its products,Boka multi-color, was awarded a recognitioncertificate being “Stone of the Year” by theMarble Institute of America.
It is estimated that NMiC has a market share ofaround 31% locally, although there is no detailed
market survey conducted by a central body. TheCorporation has been exporting its products tothe Middle East, Far East, Italy, the USA andother European countries for the last fifteenyears.
Achievements Recorded
After its establishment, NMiC reorganized themining operation by employing the services ofexpatriates and local experts. NMiC also openednew additional quarry fronts to increase theproduct mix, production and productivity.Dimension Stones tested at renowned foreignlaboratories proved to be of high quality.
Additional state-of-the-art machinery andequipment such as diamond wire plants, DTHperforators, jet belt and other quarry machineries
An inside view of the Awash Marble
Millennium Issue • 49
were purchased. Marble gangsaw and blockcutter, wire saws, multidisc, bridge cutters andcomputerized shaping machines were alsoinjected to the factory. Moreover, theCorporation has earned more than FourteenMillion Birr from export.
NMiC participated at different local andinternational exhibitions and trade fairs tointroduce its materials and is a member of theMarble Institute of America (MIA) andAfristone. This move has contributed positively to
NMiC’s competitiveness locally and abroad, andhelped capture a good market position. Atpresent, a product called Boka, is beingmarketed in bulk to the Far East and Italy.
As part of the intensification of products andservices, a new blue marble by the name ofEshet Blue is also being introduced as stone ofthe Millennium. Presently, it has alreadycaptured the Italian and Chinese market and alotmore markets are expected.
Activities in NMiC’s quarry
50 • Millennium Issue
Corporate CitizenshipResponsibility
The Company has opened and provided jobopportunities for 284 permanent and 112contract employees and has also funneled morethan Forty Million Birr to the government in theform of corporate tax and royalty. The company,also in its social and economic developmentactivities in the community as part of disposingits corporate citizenship responsibility, hassupplied potable water, constructed feeder roadsand supplied generator power to the community,
provided clinical services especially for malariainfected area community members, provideddifferent sport items and financial assistance forschool enrichment programs.
National Mining Corporation Plc has a workplace HIV/AIDS policy, which has an overallobjective of preventing the spread ofHIV/AIDS, giving care and support for thoseliving with the virus, and mitigating the negativeimpact of the epidemic in the company bycontinuously identifying ways and means throughthe introduction of preventive mechanism.
NMiC’s best quality marble in various
Millennium Issue • 51
Future Plan
Currently, plans are underway to doubleproduction by acquiring new modern machinerynamely, disc cutting machine (stone cutter) andtunnel jet belt machine, which will enable thecompany to supply blocks both to local andforeign markets at a cheaper and competitiveprice.
Project under Consideration
Name of Company: Abijata - Shalla SodaAsh Share Company
Name of Project: Soda Ash
Nature of Project: Joint VenturePartnership withgovernment
Location of Project: Located 192 kmsSouth of Addis Ababanear Bulbula
Stage of the Project: Signing of JointVenture agreement
Objective
• Substitute import and supply Soda Ash tolocal companies
• Export Soda Ash
Investment estimate
In excess of Birr 1,735,000,000 (one billion sevenhundred thirty five Million Birr) to beimplemented in two phases Birr 625,000,000 (sixhundred twenty five Million Birr) is required forthe 1st phase and the remaining amount for the2nd phase.
Planned schedule of implementation andestimated completion time of the project:
Phase one:
• Rehab and expansion of the existingevaporation fields
• Production of 100,000-200,000 tonsper year during 1st and 2nd five-yearplan
Phase two:
• Expansion of the facilities to 500,000 -1,000,000 ton/annum of high grade SodaAsh as may be allowed by the feasibilitystudy over the 3rd five year plan.
• Estimated completion time is 10 years forthe first phase.
Contribution to Socio-economic Developmentand Growth
The Development of Soda Ash will bring aboutexpansion of social infrastructure, such aseducational, health and recreational facilities tothe surrounding community. It will also have avery significant impact in boosting the social andeconomic activities of the surrounding.
NMiC intends to study the possibility ofintroducing fishery in Lake Shalla so that thecommunity can start their own fishery.
The Agriculturists can also continue using thediverted Bulbula River for agriculturaldevelopment, which used to flow to Lake Abijata.
Human ResourcesDevelopment
Manpower of the plant will be progressivelypursued and increased as demanded by phasewise development. A well designed humanresources development program shall beimplemented and train the employees both inhouse and abroad.
52 • Millennium Issue
Exploration Project underimplementation
a) Name of the Project
1. Dawa Digati Gold andExploration Project
2. Werri Gold and Base MetalsExploration Project
b) Project brief:
Purpose: Explore resources andproduce gold and basemetals
Location: Oromiya Regional State(Dawa Digati)Tigray Regional State(Werri)
Resources Bases:
Dawa Digati: Possible Resources: - 100 tons of goldGold content 2.07 - 20g/tona Revenue of over abillion dollars is expectedto be generated
Werri: Possible Resources: thetotal reserve of gold,silver, lead and zinc30,000 tonsRevenue expected to begenerated - USD 1 billion
c) Revenue: Implementation for both
projects started in
March 1996
Main exploration works accomplished at
Dawa & Werri
• Geological mapping 80%
• Drilling 60%
• Laboratory 70%
Exploration expenses to date at Dawa
Digatti & Werri is Birr 51,961,849.
d) Planned date of completion of the
project: 4 years for both Projects
Major Project Inputs:
• One Geophysical equipment
• Two Drilling Machines
• Two Dozers
• Two Water Tankers
• Ten Vehicles
Project benefits
• Foreign Currency exchange earnings and
saving
• Create job opportunities
• Technology transfer
• Infrastructure development.
Member of the MIDROC Ethiopia Group
P.O.Box 1174 Addis Ababa, EthiopiaTel: +251-11-3-711887Fax: +251-11-3-711677
E-mail: [email protected]: www.nmic-boka.com
P.O. Box 951 Code 1250 Addis Ababa EthiopiaTel: +251-11-6-639494/96
Fax: +251-11-6-639495 E-mail: [email protected]
Millennium Issue • 55
Background
National Oil Ethiopia (NOC) Plc. is the firstindigenous and fastest growing Oil Companyoperating in the down stream oil business ofEthiopia following reforms made by theGovernment of Ethiopia to encourageinvestment in the oil industry that has been underthe domain of multinationals for about a century.
NOC is also marketing Caltex lubricants, one ofthe world’s leading lubricant brands of the threegiant corporations - Chevron, Caltex andTexaco, that are involved in upstream and down-stream energy businesses in the world.
Operation
Since it’s inception in April 2004, the Companyhas captured a good portion of the market,competing with multi nationals, who are alreadycomfortably operating in the Industry. Thecompany has achieved about 25% market sharein year 2006 with the number of its stationsincreasing to 70 from 50 in the same year. It has aplan to increase its service stations to 100 by theend of 2007 spreading evenly across the country.It is also acquiring numerous corporatecustomers engaged in different sectors of theeconomy.
NATIONAL OIL ETHIOPIA P.L.C (NOC)P.O. Box 951 Code 1250, Addis Ababa, EthiopiaTel: +251-11-6-639494/96 Fax: +251-11-6-639495 E-mail: [email protected]
Share holders of NOC: Sheikh Mohammed Hussien Ali Al-Amoudi, Ato Tadesse Tilahun and Ato Abenet Gebremeskel
56 • Millennium Issue
Accomplishment
NOC has completed construction of a mini-depot comprising LPG and main fuels to ensuresustainable and efficient supply of products. Inaddition, NOC has already completed the designwork of all-in-one full fledged depot that has acapacity of 20 million liters of differentpetroleum products and construction, which willcommence in the year 2007. This move willfurther enhance the Company’s ability tosustainably and efficiently supply productsthrough out its network in the country.
Corporate CitizenshipResponsibility
In all its undertakings, National Oil Ethiopia Plc(NOC) stands on strong business principles andcorporate values that comply with safe andhealthy workplace; fair employment practicesthat value diversity and inclusiveness, responsiblefor environmental conservation and comply withthe local laws promoting good business practices.
Though the company has been in operation forless than three years, it has spent over Birr
Two Million on community support activitiesincluding support to different regional statesdevelopment programs on several fund raisingcampaigns, support to children and youth sport(support to Ethiopian Football Federation,Cheshire Home Services and Right to Play) andon promotion of safe /defensive driving.
At start up, the company has employed a capitalof Birr 100 million. Its assets and annualturnover after two and half years amounts to
Sheikh Mohammed delivering awelcoming
What drives you?!
Fuel to the grain mill - Assossa
Spacious service stations designed to providemultipurpose services with uniform
Millennium Issue • 57
Birr 500 Million and Birr 2 billionrespectively. During this time, the companyhas made a tax contribution of over Birr 30million to the government.
The company has also created directemployment opportunities to over 2,000people excluding those that were engagedduring construction phase.
Future Plan
The company aspires and strives tobecome the customer’s first choice forsupply of quality lubricants and main fuelsat competitive prices and second to nonequality services. Currently it is engaged inthe importation, distribution and retailingof petroleum products including Gasoline,Gas-Oil, Kerosene, Fuel-Oils, Lubricants,Bitumen and LPG.
Providing employment opportunity for
Alternative household energy and conserving the environment.
Contributing own share to infrastructure
Member of the MIDROC Ethiopia Group
P.O. Box 1270 Addis Ababa, EthiopiaTel: +251-11-6-614655 Fax: +251-11-6-615087E-mail: [email protected]
Millennium Issue • 59
Background
MOHA Soft Drinks Industry S.C.was acquired from the EthiopianPrivatization Agency andestablished on May 15, 1996 with
a paid up capital of Birr 108,654,000 and has thefollowing operating units:
• Nifas Silk Plant• Tekle Haimanot Plant• Summit Plant• Gondar Plant• Dessie Plant• Bure Plant
The major products of MOHA Soft DrinksIndustry S.C. are: Pepsi Cola, Mirinda Orange,7-Up, Mirinda Tonic and Mirinda Apple (allPepsi Brands) Kool, Bure Kool and Tossa (WaterProducts.)
The Annual Turnover of the Company hasreached to Birr 330 million and sales stands at anaverage annual growth rate of 12%.
MOHA SOFT DRINKS INDUSTRY S.C.P.O. Box 1270, Addis Ababa, EthiopiaTel: +251-11-6-614655 Fax: +251-11-6-615087E-mail: [email protected]
MOHA Products
60 • Millennium Issue
Schemes in Company effort to make change tobecome development partners has focus inengaging them as suppliers of inputs i.e. Sugar,Crowns, Glass and as users of the companyproducts in service centers and directconsumption in households etc.
Standards achieved
MOHA Soft Drinks Industry S.C. has adhered toPepsi Cola International Standards and inGeneral Manufacturing Practices (GMP).
Markets
MOHA holds 52% of the market share in softdrinks industry. Capacity constraint and obsoletemachinery were bottlenecks to meet the demandof the soft drinks supply. With an expansion and replacement of obsolete
machinery, the difficulties were overcome.
MOHA, in addition to the initial purchase priceof the Soft Drinks Factory, has invested Birr 71Million for the expansion of new projects, Birr123 million for refurbishment and replacement ofexisting plants and Birr 156 million for marketing,infrastructure, excluding advertisement andsponsorship expenses. Also, a significant growthover the years in production, sales, profitabilitydue to reorganization of operations has beenachieved. Productivity has improvedtremendously with major cost savings and hasensured a regular supply of high qualityproducts. It has also achieved a success ofreaching to areas across the country.Corporate Citizenship
View of the Gondar Pepsi Cola Plant
Replacing new machinery in the Nefas Silk Pepsi Cola Plant
Inside partial look of Nefas Silk Pepsi
Millennium Issue • 61
Responsibility
The Company has to-date paid Birr 655 millionas excise and sales tax to the government. Itprovided 2144 job opportunities for citizens outof which 754 are new employment sinceacquisition. MOHA has successfully implementedits social obligations by way of sponsoringdifferent events and supporting initiatives. It hascontributed Birr Two Million for victims ofnatural disaster. It has also backed initiatives andsupports to HIV/AIDS victims in the company.
Future Plans
An average annual increase of 10% in salesvolume growth is anticipated. Accordingly acorresponding sales growth will ensure anaverage profit of Birr 9 million annually and anestimate of Birr 1.7 Billion will be contributed tothe government in tax. The long term vision forfuture expansion is anticipated after the end ofthe strategic year 2003 E.C.
Projects Under Implementation
Investment Projects
Awassa Pepsi-Cola Bottling Plant
1. Project Location: Awassa, Southern Region
2. Company in charge: MOHA Soft Drinks Industry S.C.
3. Type of project:On-goingNew
4. Actual (planned) Date of Commencement: January 1997
5. Expected date of completion: Sept. 2007
6. Present status of the project is under:
• Delivery of Machinery & Equipment
• Erection• Trial-run & Commissioning
7. Types of products/Services that theproject produces or renders:Bottling of: Pepsi-cola, Mirinda, 7UP & Mirinda Tonic, Mirinda Apple
8. Annual Production/Service of theproject: 4 Million Cases
9. Estimate of total Investment cost of theproject:
Local Currency Birr 63,757,100Foreign Currency Birr 84,006,600Total Birr 147,763,700
10. Plus Estimate:Local currency Birr 35,214,000Foreign Currency Birr 21,203,700Total Birr 56,417,700
Source of finance planned activities of the
A laboratory technician under quality
budget year
Source of Amount Finance (Birr)Own fund -Owner’s contribution 74,785,000Bank loan -Others -Total 74,785,000
11. Manpower requirement at the end of theproject will be 272 new employees.
Dessie Pepsi-Cola & Carbonated
Water Plant
1. Project Location: Dessie
2. Type of the project: • On-going• New
3. Actual (planned) Date ofCommencement: August, 1998
4. Expected date ofcompletion: March, 2008
5. Present status of the Project is under:
Detailed Engineering DesignConstructionErection
6. Types of products: Soft Drinks,
62 • Millennium Issue
Millennium Issue • 63
Carbonated Mineral Water & Table Water, Still Water
7. Annual Production/Service of the project9.15 Million Cases
8. Estimate of total Investment cost of the project:
Local Currency Birr 39,040,650Foreign Currency Birr 33,256,850Total Birr 72,297,500
9. Project cost-up to the end of the current
Budget Year since its inception (ActualPlus Estimate):Local currency Birr 722,000Foreign Currency Birr 3,632,261Total Birr 4,354,261
Source of Finance for Planned activitiesSource of AmountFinance (Birr)Own Fund -Owner’s Contribution 15,005,000Bank Loan -Others -Total 15,005,000
MOHA in one of its Under the Cover (UTC) Promotional Programs …The Winner
P.O. Box 5710 Addis Ababa, EthiopiaTel: + 251-11-4-391009 / 4-391413 Fax: + 251-11-4-391424Sales Office 1 Tel: + 251-11-4-654707Fax: + 251-11-4-655425Sales Office 2 Tel: + 251-11 2-132153 / 6-545258E-mail: [email protected]
Member of the MIDROC Ethiopia Group
Millennium Issue • 65
Background
MAMCO Plc Paper ProductsFactory firmly established in thesector since 1994 with a paid upcapital of Birr 14 million from
local and foreign sources, started operation inJanuary 1995. The Company has developed itspaper converting capability fast enough tocapture the lion’s share of the Toilet Tissue,Facial Tissue, Exercise Books and Napkinmarket.
It is a new investment engaged mainly in theproduction of toilet tissue, Facial tissue, napkinplain, color and cocktail, kitchen towel up to2000 gm., exercise books from 16 leaves up to100 leaves, adding-machine rolls, A-3 size ruledsheets, photocopy papers and writing pads.
The annual turnover of the company stands atBirr 40.8 million with an average annual growthrate of 25%.
MAMCO P.L.C Paper Products Factory
P.O. Box 5710, Addis Ababa, EthiopiaTel: + 251-11-4-391009 / 4-391413 Fax: + 251-11-4-391424Sales Office 1 Tel: + 251-11-4-654707Fax: + 251-11-4-655425Sales Office 2 Tel: + 251-11-2-132153 / 6-545258E-mail: [email protected]
Head Office of MAMCO at Kaliti
66 • Millennium Issue
Cumulative InvestmentOutlays and Return
The total capital employed in the companywhich is Birr 31.1 million is raised from shareholders, equity and bank loan. The return oninvestment at full capacity is 9%.
Achievements Recorded
Ever since its establishment, MAMCO Plc hasbeen successfully operating, registering anincreased growth every year. After commissioning,the number of machines have increased bytwo-fold. The Company’s paramount mission isto alleviate the shortages of tissue papers andexercise books throughout the country. MAMCOis a household name in supermarkets, restaurants,schools and hospitals.
MAMCO has secured potential markets,particularly, all five and four-star hotels inAddis Ababa and in regional capitals.
Corporate CitizenshipResponsibilities
The company has discharged its responsibilitiesand has fulfilled its duties in terms of taxes paidto the government: including sales tax amountingto Birr 17,035,482.00; personnel income tax,Birr 1,643,867.00; VAT, Birr 16,663,120.60 andprofit tax Birr 769,944.06.
The company provides assistance to orphans andother needy children in cash and in kind (exercise books and sanitary items) regularly incollaboration with some NGOs and relevantstakeholders.
Production Unit
Millennium Issue • 67
As part of a national obligation and disposing
responsibility, the company plays its role in the
wider struggle to curtail the spread of the
epidemic, HIV/AIDS which is a workplace issue.
The Company provides solidarity care and
support services to HIV/AIDS positive staff
members by establishing a committee for
HIV/AIDS prevention and control, promoting
attitude and behavior change and in so doing to
avoid stigmatization through peer-group
education program.
The Company, along with its employees
contributes a fair amount of money to the
solidarity HIV/AIDS fund every month.
The Company has provided job opportunities for
112 permanent and 45 casual laborers.
Plan for Future Development
MAMCO is planning to procure an offset
printing machine which will help diversify
products by way of printing of labels for beer
bottles, mineral water, spring water, packages for
detergents, tea, coffee and many more. The offset
machine which is undoubtedly a guarantee for
additional revenue to the Company will enable to
upgrade the qualities of its products: printing
exercise book cover of any shape, color and
design as per the specifications of customers.
Various products of MAMCO
P.O. Box 5521 Addis Ababa, EthiopiaTel.No.: +251-11-4-392036 / 4-393518Fax No: +251-11-4-393688 / 4-391170E-mail: [email protected]
Member of the MIDROC Ethiopia Group
Millennium Issue • 69
STAR SOAP AND DETERGENTINDUSTRIES P.L.C
P.O. Box 5521, Addis Ababa, EthiopiaTel.No.: +251-11-4-392036 / 4-393518Fax No: +251-11-4-393688 / 4-391170E-mail: [email protected]
Background
The Star Soap & Detergent Industries Plc. is anew investment Company established in January,1996 with a paid up capital of Birr 80 million tomanufacture laundry soap, toilet soap, liquiddetergent, powder and bar soaps.
The idea behind the establishment of SSDI wasthe conviction that there is a large laundrymarket with fundamental needs that ought to beserved by a local manufacturer with aninternational standard. Therefore, SSDI from itsinception made it a point to net all customerswho are either left unattended by the marketplayers and further grid those who are currentlydissatisfied by other products which in recenttimes are dumped in the domestic market.
The other basic reason to set up such a companyhas come from the need to supply the marketwith detergents, which is hardly served by localmanufacturers.
Products
SSDI, mainly produces laundry bar soaps,namely Star 2000, Almas, Concorde andRainbow Toilet soap under the brand Mas, andnow has moved into its second phase of
production of Powder Detergent(under Goal Brand) liquid detergent(Gold Star) and synthetic detergent.SSDI has shown a substantial growthboth in it’s production, and salesvolume.
.
Products of StarSoap & Detergent
Achievements
The company has shown a considerable growthduring these years penetrating in the large citiesand town markets and into the rural markets. SSDIhas also been supplying NGOs such as the RedCross Society, UNHCR and UNICEF. It alsosupplies nearly 70% of the hotels and hospitals inEthiopia for their soap and detergent needs.
SSDI has regional agents in different administrativeregions, thereby, increasing its outlets and meetingthe different demands of different regions.
Annual growth rate stands at 14% as compared to2003-2006.
Corporate CitizenshipResponsibility
SSDI has currently provided job opportunities for144 citizens. It has also paid all taxes to thegovernment since its establishment in 1996.
SSDI products ready for
Millennium Issue • 71
Future Plan
Since its establishment, SSDI hasbeen increasing its product mix, fromlaundry soaps into toilet soaps,powder detergents, liquid detergents,synthetic detergents and has increasedits production capacity from 3.5ton/hour up to 8 tons per hour forlaundry soap with the motto “YOURHYGEINE IS OUR CONCERN.”SSDI works very hard in order tofulfill the needs of all it’s esteemedcustomers and remain in the marketbeing competitive. SSDI isdetermined to present a high qualityproduct and to keep its standards andalways meet quality control, bymaintaining high quality productswith competitive prices.
72 • Millennium Issue
Background and Operation
Kebire Enterprise was established in April, 2001 with
the objectives of carrying out agricultural and
agro-industrial production, manufacturing, mining
and construction, tourism, communication and IT businesses.
Established with an initial paid up capital of Birr 15 million, it
has started operation with the production of garments for
export in 2004 in Mekele town, Tigray Administrative Region.
Expansion work is currently being carried out in the original
garment plant that was constructed at a cost of Birr 54 million.
The existing garment plant currently provides employment
opportunities for 900 workers and expected to provide job
opportunities for about 1500 people at the completion of the
expansion works of the Project.
Kebire Enterprise Plc has recently acquired a Leather Shoe
Factory at a cost of Birr 32 Million from the Ethiopian
Privatization Agency through a public tender.
KEBIRE ENTERPRISE P.L.CP.O. Box 40688, Addis Ababa, Ethiopia
Tel: +251-11-5-520575 / 76 Fax: +251-11-5-520677
E-mail: [email protected]
Background
Pharmacure Plc is a pharmaceutical manufacturingCompany established in June 1998 on100,000m2 of land in Addis Ababa with a sharecapital of Birr 10 million. The first phase of it’sProject, the manufacturing of intravenous fluidswith an annual capacity of five million liters hasbeen operational since 2003. The capital outlayof the project todate amounts to Birr187,100,307 and it envisages the setting up ofadditional facilities for the production of variousdosage forms of essential drugs and medicalsupplies.
Operation
With a state-of-the-art technology and 107 staffmembers, (56 male and 51 female), PharmacurePlc provides safe, effective and high qualityproducts at affordable prices. Product diversityand availability has enabled Pharmacure to gain
a fair share in the local market and it is the firstpharmaceutical manufacturing company to begranted the prestigious “Certificate ofCompetence” Award from the DrugAdministration and Control Authority ofEthiopia.
Pharmacure has also acquired the approval ofthe Medicine Control Authority of theGovernment of Zimbabwe and has tried toexport its products to neighboring markets.
Pharmacure P.L.C
P.O. Box 5542, Addis Ababa, EthiopiaTel: + 251-11-6-604820 Fax: + 251-11-6-604821E-mail: [email protected]
Millennium Issue • 73
A view of Pharmacure
74 • Millennium Issue
Strategy
The marketing strategy is designed to forge
strong partnership with healthcare providers
from grass root to high level institutions. In this
regard, the company has adopted a series of
mechanisms to introduce itself and promote its
products through participating in symposiums,
workshops and seminars and also by contributing
to various professional associations such as the
Medical Association of Ethiopia and providing
the Diabetic Society of Ethiopia and
sponsorships to the Ethiopian Pharmacists
Association, SalaM Nurses College and various
Universities. This strategy has enabled
Pharmacure Plc to make it’s presence felt
throughout the country.
Through assessment of consumers’ and
customers’ demands, the Company has recently
upscaled its packaging to a more and even better
and superior quality material that would endure
the pressure and adverse impacts of distant
journey. The company feels pleased to be able to
cover remote areas of Ethiopia.
The company’s success lies in its employees andin order to promote productivity, Pharmacure iscommitted to provide a comfortable, enjoyableand safe working environment. Various socialcommittees including HIV/AIDS AwarenessGroup, actively carry out training, meetings andmonthly contributions to promote knowledgeand to create a robust team.
Future Plans
The Company is currently organizing twoexpansion projects. While the First Phase Projectis aimed at producing IV bags and themanufacturing of blood collecting and kidneydialysis bags, the Second Phase of the Projectwith an investment of 80-100 million USD willinclude the production of veterinary drug andvarious dosage forms of essential drugs, as well asthe supply of sanitary and consumer healthproducts.
As part of the expansion projects, Pharmacurehas recently acquired 94,000m2 of land, locatednorth of the current plant, and plans of variousprojects are underway.
Production Unit of Pharmacure
IV Fuids - One of the products of
Products, ready for delivery
Member of the MIDRMember of the MIDROC Ethiopia GrOC Ethiopia Groupoup
P.O. Box 5542, Addis Ababa, EthiopiaTel: + 251-11-6-604820 Fax: + 251-11-6-604821E-mail: [email protected]
76 • Millennium Issue
Background
SalaM Health Care Plc was registered under theEthiopian Law, first as TAM Health CareEnterprise and later on as SalaM Health CarePlc following the change of ownership.
The primary objectives of SalaM Health Careplc are:
• Provide a highly sophisticated hospitalservice at one center
• Conduct a medical research which couldbe used to tackle health problems of thecountry
Salam Health Care P.L.C.
P.O. Box 1038, Addis Ababa, EthiopiaTel: +251-11-3-210918 Fax: +251-11-3-214231E-mail: [email protected]
Millennium Issue • 77
• Curtail outflow of foreign currencies bypatients seeking medical help abroad
• Train highly skilled professionals both forthe hospital and the nation
• Handle referral cases from neighboringcountries and the different regionalcountries
The major component of the Company to attainthe objectives set forth for its establishment is theconstruction of a high-tech Hospital.
Hospital Construction Project
The construction of SalaM General Hospital wasinitially designed by Ethiopian Engineers andsubsequently modified by DEVCON, a Finish
Medical Engineering Company, which eventuallywas taken over by Innovators Jeddah that has avast experience in hospital construction. Theactual construction of the hospital project wasundertaken by MIDROC Construction,following the contract signed on 28th February,2000.
The Hospital is unique in its design and has thefollowing special features like: central monitoringsystem for ICU cases; centrally supplied medicalgas delivery system and emergency managementsystem linked to all operating theatres.
The total investment of the Hospital Projectincluding construction, acquisition of equipmentand machinery and annual project operation costis estimated to be Birr 587,115,200, while annualworking capital requirement of the hospitalproject when completed is expected tobe Birr 100 million. Todate, a total ofBirr 118,767,563.00 has been allocated and usedup for civil works, machinery and equipment,land lease and other direct and indirect costs.Currently 44.8% of civil works of the hospital iscompleted.
Training
As training of adequate medical staff is a basicelement of the make-up of a hi-tech hospital,physicians from the local market are selected andspecially trained in line with the technologicalstandard of the Hospital.
The establishment in 1997 of the SalaM NursesCollege is part of the scheme to createcompetence, which has so far trained 228 nurseswho are currently on the job training at differenthospitals here in Addis Ababa. It is believed thatthe exposure of nurses to the actual medicalenvironment makes them all-round nurses whenthe Hospital commences operation.
A look of SalaM General Hospital
78 • Millennium Issue
The College was organized andcommissioned through the directsupervision of NETCARE SouthAfrica, equipped with the latestteaching materials imported from thesame source that applies a televisedlecture system utilizing plasmatelevision.
The demonstration rooms areorganized in such a way that studentscould practice most techniquessimilar to living beings. SalaM NursesCollege is the only such teachinginstitute in the country, that providesfree training and employmentopportunity.
SalaM Nurses College has nowupgraded its Diploma program to aDegree program.
A view of Salam Nurses College
SalaM Nurses College StudentNurses in a practical training
Millennium Issue • 79
The Establishment of SalaMMedical Services
Sheikh Mohammed H. Al-Amoudi alsoestablished a higher level clinic in 1996 foremployees of all the MIDROC EthiopiaInvestment Group initially investing about Birr 4Million increasing a lot more later on. Having 16professional and 21 other staff membersincluding full time senior internists, surgeon, andpart time Dermatologist, Gynaecologist andRadiologist, SalaM Medical Services is one ofthe best Clinics in Addis Ababa rendering aquality out-patient and in-patient service to mostMIDROC Ethiopia employees and the public aswell.
The diagnost ic uni t s are s ta f fed by mostsen ior and h igh ly sk i l l ed pro fe s s iona l su t i l i z ing the mos t soph i s t i ca t ed andrare endoscopy mach ine, hav ing aspec ia l capac i ty to de tec t the th innes tanoma ly in the g a s t ro in te s t ina l t r ac tand a l so record ing i t fo r fu r therreference.
Sa laM Hea l th Care P l c runs twocl in ica l serv ices at the Sheraton Addisand a t Legedembi Go ld Mine inShak i s so w i th hea l th p ro f e s s i ona l s inboth places.
SalaM NursesCollege awards theChairman’s Medalfor extracurricularachievement.Nurses from twodifferent batches oftraining receivingtheir Medals from Sheikh MohammedH. Al-Amoudi and
P.O. Box 18192, Addis Ababa, EthiopiaTel: +251-11-4-672021 / 4-672223
Fax : +251-11-4-671699E-mail: [email protected]
CABEY Pvt. Ltd. Co. is one of MIDROC
Ethiopia’s affiliate companies established in
1997, with an initial paid up capital of
Birr One Million. It was initially set up to serve as a
marketing wing of all local products of the
MIDROC Ethiopia Investment Group and affiliate
companies.
It is currently engaged in the export of Ethiopian
highland coffee to Europe. It is the sole importer and
distributor of the world-famous Grunding electronic
products to the local market and Bridgestone Tyres.
The Company’s annual average turnover is Birr 200
million and has provided employment opportunity
for 203 workers of which 92 are temporary workers.
CABEY P.L.CP.O. Box 18192, Addis Ababa, Ethiopia
Tel: +251-11-4-672021 / 4-672223Fax : +251-11-4-671699
E-mail: [email protected]
Millennium Issue • 81
AfAffiliate Group Companiesfiliate Group Companies
82 • Millennium Issue
Background
East West Ethio-Transport Plc was established inAugust 1997 with the main objective ofproviding road transport, clearing andwarehousing services. It is a new investment witha registered capital of Birr 10,000,000 anda paid up capital of Birr 10,000,000.
East West Ethio-Transport Plc is an affiliategroup company of MIDROC Ethiopia.
Operating units under the company
The company has three operating units namely:
• Liquid transport unit• Dry transport unit
• Freight Forwarding and Customs Clearingunit with the following services:
EAST WEST ETHIO TRANSPORT P.L.C.P.O. Box 5532, Addis Ababa, EthiopiaTel: +251-11-4-392047 / 4-393660Fax: +251-11-4-391991E-mail: [email protected]
Different types of fleets of trucks of
Millennium Issue • 83
1. Liquid Transport Service: accountsto 78% of the transport service providedby EWET. Currently liquid transportservice is provided for three oil companiesnamely Shell, Total and NOC.
2. Dry Cargo Transport Service:accounts to 22% of the transport serviceprovided by EWET.
3. Freight Forwarding and Customs ClearingService
The Annual Turnover and Average AnnualGrowth Rate of the Company is Birr 57,729,853.
Operation
In its local operation, EWET has encounteredthe following constraints in its transport business.
• Increasing fuel cost and poor tariffcompensation
• Regulated tariff in the fuel transportmarket
• Poor load factor in dry cargo market dueto shortage of outbound cargo
• Increasing maintenance and repair costdue to soaring fuel price
• Existence of excess capacity in the marketboth in fuel and dry transport
• Market problem and intense competitionin dry cargo transport market
Management StandardsAchieved
EWET has achieved the rank of 7th inImproved Transport Company in EastAfrica according to the Seven Pillar Auditconducted by Shell Group in 2005.
Achievements recorded
EWET revised its operation management in2005 and achieved better truck utilization,revenue and profitability.
Corporate CitizenshipResponsibilities Fulfilled
• Taxes are paid to the government on time
• Provided employment for more than 329citizens
• Contributed to the support efforts ofsocial development and rehabilitation ofcitizens affected by natural disaster
• Implements all objectives passed by theHIV/AIDS Prevention and Control TaskForce of MIDROC Group Companies
• Contributes to support HIV/AIDSprevention effort by the Road TransportAuthority.
EWET has initiated and financed theconstructionof a 1-kilometer asphalt access roadand provides suport for the periodicalrehabilitation of the road.
Plans for future development
EWET is carrying out scheme to improve andraise its existing utilization capacity and servicequality and efficiency to 90% in the coming twoyears and upgrade itself to become one of themost preferred hauler in the market and toachieve better business performance.
P.O. Box 5532, Addis Ababa, EthiopiaTel: +251-11-4-392047 / 4-393660Fax: +251-11-4-391991E-mail: [email protected]
HEAD OFFICEP.O. Box 8964, Addis Ababa, Ethiopia
Tel: +251-11-4-424955Fax: +251-11-4-422148
E-mail: [email protected]: www.ebg-ethiopia.com
HEAD OFFICEP.O. Box 8964 Addis Ababa, EthiopiaTel: +251-11-4-424955Fax: +251-11-4-422148E-mail: [email protected]: www.ebg-ethiopia.com
Millennium Issue • 87
Equatorial Business Group P.L.C.HEAD OFFICEP.O. Box 8964, Addis Ababa, EthiopiaTel: +251-11-4-424955Fax: +251-11-4-422148E-mail: [email protected]: www.ebg-ethiopia.com
BRANCH OFFICESAwassa Tel: +251-46-2-202087Bahir Dar Tel: +251-58-2-208446Nazareth Tel: +251-22-1-110581Dire Dawa Tel: +251-25-1-114254Jimma Tel: +251-47-1-115884
Background
Equatorial Business Group Plc was establishedin 1993 under the trade name EquatorialElectronics and Communication Plc inAddis Ababa, in accordance with the commerciallaws of Ethiopia. At the time of its establishment,EEC was engaged in the import and distributionof electronics, household and office goods andservices with an initial capital of Birr 5,000,000.The company was owned by three investors, allof whom are brothers of Sheikh MohammedHussein Ali Al-Amoudi.
As the investment environment of the countryfavored new developments in the private sector,the owners of the company injected more capitaland went into more strategic business ventures
with a view of contributing to the nationaleconomy and to generating more employmentopportunities to fellow citizens. The investorsalso saw the importance of technology,knowledge and skills most vital to the countrythrough the import of the products and servicesto the local market as they entailed high-tech softand hardware features. Thus, EEC as it was thencalled, became Equatorial Business Group(EBG).
EBG’s business lines are all targeted to majordevelopment sectors like construction, mining,water resources, agriculture, road and airtransport, energy, health and ICT infrastructures;vital sectors for the overall development goals ofthe country.
Head Office of Equatorial Business
88 • Millennium Issue
To-date Equatorial Business Group (EBG) has apaid up capital of Birr 60,000,000 and isinvolved in four major sectors: namely,Automotive Engineering, Energy Systems,Telecom and IT, Pharmaceuticals and MedicalSupplies including Veterinary.
This determination and foresight to grow in thebusiness, encouraged by the market orientedpolicies of the government, required aturn-around in the overall management andoperation strategy of the company to furtherexplore, develop and maintain business relationswith major and big brand and internationalsuppliers in one hand, and harmony in themarket environment at home, wining the trustand credibility of customers for its products andservices in the other hand.
Business Units
Business in Automotive Engineering over the lastdecade, gave EBG a mark of reliability fromVOLVO Company to be the sole dealer forheavy duty trucks and construction equipmentand parts to contribute to demands in thegrowing infrastructure development projects ofthe country in construction, agriculture, miningand other economic and social service sectors.
There are over 1800 VOVO Trucks andConstruction Equipment in operation in thecountry indicating a marked share of the localmarket in heavy duty road hitters. Localdemands for light duty service vehicles are alsoattended by brands from Japanese and Chinesemanufactures with significant sales return.
Energy Systems
Expansion in the service sector of the nationaleconomy such as hotels, airports, hospitals andhigher education centers etc, invited EBG’s driveinto the energy systems delivery. Accordingly, thesector supplies different power scale generators,elevators, escalators, GE brand electricalmaterials, power cables and transformers. Design
consultancy, installation, testing, commissioningand other related after sales services are of highconcern to ensure customer satisfaction as perthe company’s policy. Rural-need-focusedrenewable energy technology packages such as
Volvo automobiles, trucks andconstruction machinery are among thebest brands in the country.
Millennium Issue • 89
solar water heaters, solar vaccine refrigerators,solar pumping systems and hand pumps are alsoon the list of deliverables. A recent developmentin EBG’s strategic move is its active participationin rural electrification programs being carriedout in the country under the guidance of theEthiopian Electric Power Corporation.
Pharmaceutical and Medical supplies
Opportunities in the protection of the health ofthe Ethiopian people and the large-scale livestockresources have been in the social, economic aswell as business interest of EBG. Hence, EBG isamong the major national intermediaries for thedelivery of pharmaceuticals and medical suppliesfrom world famous companies such as GSK,Schering-Plough and Astra Zeneka. A variety ofchemicals, reagents, test kits, x-ray items ofdifferent ranges and features and other inputs ofagro-production applications are also on the listof import commodities in the sector.
Telecommunications andInformation Technology (IT)
Infrastructure developments are areas of greatchallenges and opportunities for EBG as agrowing business company. Thus, EBG has beeninvolved in the import and distribution,installation and maintenance of moderntelecommunication products such as PBX’s,
key telephone systems (KTS’s) and accessories,high tech ICT fax machines, close circuit securityTV (CCTV) systems, fire alarms and a host ofother related appliances. EBG has the capacity tobe part of the ICT promotional anddevelopment movement of the Telecom industryin the country.
Operation
EBG’s annual turnover to-date stands at Birr200,000,000 (two hundred million) and the netasset of the company currently stands at close toBirr 170,000,000. The Company has achieved23.4% return on the 2005/06 net investment. Itclearly indicates the significant move of thecompany in the right direction. This growth waspossible through the guidance of an innovative,focused, and creative management and theunwavering commitment of the employees at alllevels of the company including the branches atstrategic locations in the Country: namely,Awassa, Bahir Dar, Nazareth, Jimma and DireDawa.
EBG has great trust in its over 320 strong workforce of varied professionals and skills withoutwhose dedicated services, the Company wouldnot have its proven and successful business life inthe competitive environment of the country.
Corporate CitizenshipResponsibility
EBG has always been sensitive in its socialresponsibilities and in meeting its obligations tothe government and the society at large. In theyear 2005/06 alone, the company paid Birr7,649,000 in tax and close to Birr 40,000,000 incustoms duty. EBG is also aware that the high-tech products it imports and distributes havepositive implications in the transfer ofknowledge, technology and skill development ofthe country through the various trainingprograms, and visits are arranged both locallyand abroad to great number of technicians,engineers and other professionals incollaboration with the supplier companies. IT and Telecom connectivity
EBG supports local communities at times ofnatural disasters through direct assistance orthrough sponsorship participation. It alsoprovides support to promote national sports andother community development programs and hasbeen awarded Trophies and Certificates ofRecognition.
EBG fulfills its social obligations of meeting thechallengers of the pandemic HIV/AIDS in thenational effort. At Company level, a committeehas been established for educational, care andsupport purposes and a 0.5 % of the salaries ofeach of the employees has been dedicatedtowards that end.
Achievements
The strength to survive as competitive andsuccessful business entity requires the constantadoption of new systems and modalities in themanagement and operation of the company. Thepresent leadership committed itself to resurrectthe aborted QMS which was to be in place somefive years ago. To-date, with the requiredframeworks and structures laid, QMS is verymuch likely to be in place to lead the companyachieve its IS0 9001-2000 Certification, to givethe competitive advantage and quality to itscustomers and suppliers and to continue sustainits considerable and growing share of thenational market for its products and services.
Future Plans
EBG, today, is one of the competitive national
companies in its business lines working hard to be
on the lead, sharing the vision of the MIDROC
Ethiopia Group Companies “Committed to
Development”
EBG’s recent venture to high gear its marketing
strategy and to implement ISO 9001-2000
Quality Management System (QMS), a shake up
of its organizational structure and the company
level computerization process will surely bring
EBG to the forefront with a strong capacity for a
more competitive business in real prospect in the
foreseeable future.
Chinese Automobiles are getting popular in the country
90 • Millennium Issue
HEAD OFFICEP.O. Box 8964 Addis Ababa, EthiopiaTel: +251-11-4-424955Fax: +251-11-4-422148E-mail: [email protected]: www.ebg-ethiopia.com
Your Partner for Efficient and
Reliable Automotive
P.O.Box: 3834, Addis Ababa, EthiopiaTel. No.: +251-11-5-510499Fax No.: +251-11-5-516144
E-mail: [email protected]: www.nmc-eth.com
1.5 L
The New Aveo
Millennium Issue • 93
Background
National Motors Corporation Plc (NMC) wasinitially established as the National Freight andPublic Transportation Service Plc in November,1993, which later on, as result of change in themission and vision of the company, was re-established as National Motors Corporation Plcwith a registered paid up capital ofBirr Ten Million.
National Motors Corporation Plc is a sole agentof Chevrolet, Opel Cars and Renault Trucks andBuses as well as an Authorized Dealer of IsuzuVehicles in Ethiopia. It also provides the bestmaintenance services in its two Workshops, whichare equipped with the state-of-the-artmaintenance equipment and very well
experienced technical team, who on a regularbasis upgrade their know-how through training.The maintenance facilities are supported by areasonable stock of spare parts.
The Annual Turnover of the Company stands atBirr 132,000,000 and the Annual Growth Rate is10 to 12%.
Corporate CitizenshipResponsibility
National Motors Corporation is among the
major tax payers corporations in the country. It
has provided 255 jobs for fellow citizens. With
regards to contributions to other social/economic
development, the Company also supports the
mitigation of natural calamities and social
NATIONAL MOTORS CORPORATION P.L.CP.O.Box: 3834, Addis Ababa, EthiopiaTel. No.: +251-11-5-510499Fax No.: +251-11-5-516144E-mail: [email protected]: www.nmc-eth.com
Sheikh Mohammed at a brand launching ceremonyof NMC,
94 • Millennium Issue
problems.
Employees of the Company havebeen regular contributors since2005 to assist members andfamilies of HIV/AIDS victims,and regular awareness program isbeing carried out in theworkplace.
Process/ManagementStandards Achieved:
The products and servicesprovided by National MotorsCorporation are very accessibleand competitive. The Companyhas received Award from GeneralMotors and ISUZU for threeconsecutive years for its BestPerformance.
Markets
Although the market sharecompetitiveness and profitabilitycurrently shows a growing trend,the Company is encounteringserious problems from parallelimports and working hardtowards the mitigation of unfairtrade practices. In thisconnection, the Company putsforth on a continuous basis toupgrade its employees throughtraining.
Future Plan
National Motors Corporation isenvisaging for the establishmentof a Semi Knocked Down
Ato Seid Hussien Al-Amoudi, Board Chairmanof NMC, handing over aspecial gift to BinyamSeyoum upon hisgraduation. Benyan, anoutstanding student, hasbeen sponsored by the
Millennium Issue • 95
Assembly Plant and to raise itsannual import value forthe company’s operation toBirr 60,000,000.
With its Motto “CREATINGCUSTOMERS FOR LIFE”,the Company is proud andconfident with its experiencedtechnical and sales team, whotogether with the managementstaff, are ambitiously motivatedto make its dreams come true.
Some of the renowned brands of NMC at its Show Room
1. Isuzu Trucks2. Aveo3. Isuzu Trooper4. Optra
3
1
4
2
96 • Millennium Issue
Establishment andOperational Activities
Awassa Chipwood Plant Pvt.Ltd. Co located in theSouthern NationsNationalities Regional State
and established in April, 2002, with aninitial capital of Birr 28 Million iscurrently undertaking theimplementation of the chipwood projectat a total estimated cost of Birr 134Million.
Currently 70% of the project iscompleted. The Plant is expected toproduce 40,000m3 annum of improvedgrade chipwood boards for use by theconstruction and furniture industries.The bulk of the chipwood requirementfor local consumption, estimated at90,000m3 annum is largely met throughimport at present. The AwassaChipwood Factory producing a scarcecommodity in the country, apart fromproviding product to the local market, isexpected to save a lot of foreignexchange.
AWASSA CHIPWOOD PLANT PROJECTTel: +251-46-2-206386Fax: +251-46-2-206725Awassa, Ethiopia
Awassa Chipwood Factory
Projects Under Implementation
Millennium Issue • 97
The Company is soliciting theacquisition of sizeable plots of land,within the State, SNNR, to run its ownplantations and develop out growerschemes for the provision of major inputfor the Plant. The Plant presently hascreated employment opportunities for 70people and expected to increase thenumber of employees to 170 when themanufacturing plant becomesoperational, excluding those workersrequired for the plantation.
The Chipwood Factory is located inAwassa town, the capital of SouthernNations and Nationalities Regional State,about 275km south of Addis Ababa. It isconnected with a high grade asphaltroad both with the national capital,Addis Ababa in the North, and to Kenyain the South.
Inside View of the Factory
Member of the MIDRMember of the MIDROC Ethiopia GrOC Ethiopia Groupoup
P.O. Box 9877, Addis Ababa, EthiopiaTel: +251-11-5-510733Fax: +251-11-534955E-mail: [email protected]
Millennium Issue • 99
Background
Derba MIDROC Cement Plc isexecuting a number of cementproduction projects in different partsof the country. The 5000 tpd
clinkerization (7000 tpd cement) productionplant to be put up at Derba 70 km from AddisAbaba will be the largest and state-of-the-artcement production plant in the country.
The plant produces Ordinary Portland Cement(OPC) and Portland Pozzolana Cement (PPC)that will meet the requirements of EthiopianNational Standard EN 1177-1: 2005 orEuropean Standard EN-197. The OPC will beproduced as per CEM-I-42.5 grade and willcontain 95% clinker and 5% gypsum. The PPC
will be produced as per CEMII-32.5 grade andwill contain 67% clinker, 28% pumice and 5%gypsum. The technology used is a dry processdouble five stage pre-heater rotary klin with gratecooler cement production system. The designand manufacturing of all productionmachineries of the plant are based on the lateststate-of-the-art cement technology. The fuel usedis Coal and HFO alternatively.
Among the major raw materials required forcement production, limestone, clay, basalt,sandstone, and gypsum are abundantly availablein the Derba-Muger Valley. As it was observedfrom the preliminary geological survey of the rawmaterials study, that the deposit of the abovematerials is much more than enough for thewhole plant life for the 5,000tpd clinker
DERBA 5000 TPD CEMENTPLANT PROJECT
P.O. Box 9877, Addis Ababa, EthiopiaTel: +251-11-5-510733Fax: +251-11-534955E-mail: [email protected]
Sheikh Mohammed H. Al-Amoudi after signing theAgreement with Mr. Huang Anz Long, President of
100 • Millennium Issue
production capacity. Since, pumice, the rawmaterial, required for production of PPCcement, is not available in Derba-Muger valley,this material has to be transported by trucks fromNazareth or Zeway area.
The Power requirement of the plant is estimatedto 46MVA. Power to the plant will be conveyedthrough a 132kv transmission line up to asubstation at the boundary of the plant, thenstepped down and distributed to the differentuser departments. Another 5 MW will berequired for residential area and related facilities.
The total water requirement for the plantand domestic uses has been estimated as3,000m3/day, which is planned to be availed bydrilling a number of water wells to tap theground water reserves.
Operation Activities
An EPC contract has been signed between DMCand China National Building MaterialInternational Engineering Co. Ltd. (CNBM) onJanuary 9th, 2007 for an equivalent contractamount of USD 200 million.
The contract period is 27 months starting fromdate of contract signing up to provisionalacceptance of the plant. Production starts as ofthe end of the 24th month and expected to reachdesign production capacity at provisionalacceptance stage, i.e. at the end of the 27th
month.
To date the Contractor has mobilized to site andhas begun constructing temporary facilities. Soilinvestigation work has been done and levelingwork has commenced.
The Contractor has started placing orders for themain plant since approval of the main plantequipment suppliers and the general layout hasbeen given.
The supervision of the main plant constructionworks is being done by HOLTEC, an IndianConsulting Firm.
Construction activities of
Millennium Issue • 101
A high standard residential complex of various
types and different facilities like health center,
school, sport field, swimming pool, recreation
halls, elementary and high schools, super market,
bank, post office, etc. will be available for the use
of workers and the residents in that area.
The design of the residences and facilities is
being carried out by a local Consultant named
Universal Consultants. The design has
progressed well and a tender will be floated for
construction shortly.
The 40kms road from Addis Ababa to Chancho
along the Addis Ababa -Gojjam Road, is a very
good asphalt road. From Chancho the road
turns to the left and takes the existing (Chancho-
Derba) gravel road for 20 kms. This stretch will
be re-aligned and upgraded to asphalt road with
all the bridges along it to be redesigned and
constructed afresh. A new 8 km asphalt road
from Derba village up to the plant site will be
constructed. The last section of the road
connecting the two nerve centers of the projects,
i.e. the plant and the quarry sites, is the most
challenging part of the project, which is a 14kms
treacherous route with an 850m elevation drop
between these two points.
The design of the 40kms beyond Chancho has
been carried out by a local road consulting firm
named Pan African Consultants Plc in
association with ETHIO Infra Engineering Plc.
This company will also carry out the supervision
of the construction of the road.
A contract has been signed on April 19, 2007,between DMC and MIDROC ConstructionEthiopia Plc for the construction of the road foran amount of Birr 206 million. The contractperiod is 540 calendar days, and to date theContractor has started mobilization and surveyworks.
Derba & Dejen Mini Cement PlantProjects
The main objectives of these two mini cementplant projects, considering the short completiontime of the project compared to the biggerplants, are to support the local cement supplymarket by having a better cement plantdistribution across the country, and to supportthe supply of cement required for theconstruction of Derba MIDROC Main CementPlant Project.
The mini plants are of SABOO (India) VSKplants with a production capacity of 300tpdeach. Each plant has a vertical shaft kiln andemploys semi-dry process. The fuel used ispet-coke with 8300 kcal/kg.
The Derba Mini Cement Plant is found near themain plant and Dejen Mini Cement plant isfound 230km from Addis Ababa to the north-west direction near Dejen town in the AmharaRegional State.
The total investment cost for each of the twoprojects is USD 18 Million. The Dejen Plant isexpected to be commissioned in September2007, and the Derba Plant in December 2007.
102 • Millennium Issue
Establishment and Project Activities
Hora Food Complex project is being undertaken with a paid up capital of Birr 15Million to establish a modern food complex comprising of flour producing plantthat caters for the production of good quality flour for direct market of Pasta,Macaroni and dry Biscuits for local consumption.
Although the Project was to establish a flour plant of capacity 240TD, a Pasta/macaroni lineof 100 TPD and Biscuits making line of 50 TPD, it could not go as scheduled because ofproblems related to the acquisition of the desired plot of land as was originally envisaged.Preparations are currently to erect the complex in the Sebetta area, a focal business town about20km south-west of Addis Ababa.
Hora Food Complex Plc is expected to generate employment opportunities for over 200people at full capacity of operation.
The project office is located and run by the management staff of the Star Soap DetergentFactory and is expected to move out to the project site office soon.
Hotel Projects
Hora Ras Hotel and Arbaminch Resort Hotel projects are among a few of the projecs that areunder detail design works. Hora Ras Hotel in Debrezeit town, some 42 kms from Addis Ababa,was acquired in 1996 at Birr 8.7 Million through privatization process, while Arba MinchResort Hotel Project is a new undertaking, altogether with 45 and 2 employees respectively.
Both Hotel Projects are located along the southern corridor of tourism area and are to be builtand organized to reflect the cultural heritages of the people in the surrounding areas, thenatural resources in the game parks and to provide first-class and comprehensive services to thesatisfaction of both foreign tourists and local vacationers. These projects are managed by theHotels Development Department of MIDROC Ethiopia in Addis Ababa.
Another project currently underway in Addis Ababa is the construction of a building complexproject mainly catered for apartment quarters on the Bole road. The Project is a ten-storytower and is expected to create a landmark for the area.
HORA FOOD COMPLEX PROJECT
Millennium Issue • 103
METI (MIDROC Education and Training Institute)
P.O.Box 8677, Addis Ababa, EthiopiaTel: +251-11-3-205817Fax: +251-11-3-713393
E-mail: midroc.me@ ethionet.et
AProject Office was established in October 1999 within theTraining Department of MIDROC Ethiopia. Based on theinstructions of Sheikh Mohammed H. Al-Amoudi, thenecessary studies and preparations to legally establish METI
Plc with a paid capital of Birr 20 Million was carried out inSeptember, 2001.
Specific objectives of establishing an Educational and Training Institute inEthiopia under METI, encompassed among others, the following:
• Establish pre-primary and secondary schools, and tertiary levelinstitutions that have different undergraduate and post graduateprograms
• Establish appropriate resource development and study centers withthe state of the art educational facilities in the country
• Develop collaborative activities with local and foreign institutions topromote joint programs and projects
MIDROC Education and Training Institute (METI) is undertakingrigorous tasks including Final Feasibility Study, Curriculum Development,Implementation of all Engineering Design works, Pre-Operational Studiesand the preparation of Guidelines and Procedure manuals
MIDROC Education and Training Institute (METI) is expected tocommence full-fledged operation in 2008.
The project office currently employs about seven professionals includingthe Director.
104 • Millennium Issue
Establishment and Project Activities
Universal Packaging, (UP) engaged in the production andmarketing of corrugated cartoon packaging materials with aninitial paid up capital of Birr 50 Million, has formally startedproject study and negotiation upon receipt of the investmentcertificate in June, 2004.
Based on a revision of the market survey done earlier in year 2001,the company decided to consider a much higher productioncapacity of high quality corrugation (300mt/ minute of 2.5mt-wide corrugating machine) with an estimated investment cost ofover Birr 200 Million.
When completed, the Packaging Plant will produce all kinds ofhigh grade corrugated carton products for use by different sectorsof the economy with special consideration given to therequirements of cut-flower exporters. It is expected thatconstruction work and erection of machinery and equipment willbe completed during 2007.
The Project is expected to provide job opportunities for about 100employees upon completion.
The above listed companies and projects are among those MIDROC Ethiopia Group Companies thatare operating independent of each other reporting directly to their shareholders and/or their designateoffice – MIDROC Ethiopia Head Office.
The MIDROC Ethiopia Technology Groups, whose operations are coordinated and guided by the Officeof the Chief Executive Officer, Dr. Arega Yirdaw, are portrayed in the following pages.
UNLIMITED PACKAGING PLC
P.O. Box: 945 code 1110, Addis Ababa, EthiopiaTel: 251-11-5-531685
E-mail : [email protected]
106 • Millennium Issue
Chief Executive Office
MIDROC Ethiopia TechnologyGroup has started operations in2000 E.C. under the leadershipof the Chief Executive Officer,
Dr. Arega Yirdaw. The first five companies underthe group were, MIDROC Gold Mine plc,ELFORA Agro-Industries plc, Kombolcha SteelProduct Industry Plc and Modern BuildingIndustries Plc.
Through its seven years of operation, additionalcompanies including, TRUST Protection &Personnel Services Plc, Addis Home Depot plc,addis Gas & Plastics Factory plc., WANZAFurnishings Industry plc, Daylight AppliedTechnologies plc, Blue Nile P.P & Craft Paper
Bags Manufacturing plc, Summit EngineeredPlastics plc & Rainbow Exclusive Car Rental andTour Services plc have joined the grouprespectively. The companies in the group areengaged in Mining, Manufacturing Agro-Industry, Real-estate development, Airline, Carrental & Tourism activities. The diversified areasof engagement have contributed for theintegration as well as strong synergeticrelationship between and among the companies.
The in-house developed policies and procedureswhich are implemented across all the companieshave accentuated a unity among the group.
The management revolution followed by theCEO’s leadership which provides priority to the“software” resource (employees) has
MIDROC ETHIOPIA TECHNOLOGY GROUP
OUR MISSION“A multi-sector organizationwith second-to-none leadershippositions in each of ourproducts and services therebyexceeding the expectations ofour customers, employees,shareholders and thecommunity.”
OUR VISION“MIDROC’s quality productsand sustained services to everycustomer and user.”
OUR VALUES
• Customer satisfaction
• Employees’ empowerment
• Corporate identity and
image
• Integrity and ethics
• Balanced life and
performance
• Raising the capital of
shareholders and owners
• Strength and stability
• Social responsibility and
corporate citizenship
• Profit and growth
• Respect and trust
• Quality and excellence
• Teamwork and cooperation
Millennium Issue • 107
tremendously contributed for the creation offeeling of belongingness within the employeeswhich further have made their work activitiesproductive.
Different events and activities including sportsactivities, celebration of family day,
Employees’/Company day, Customers day etc.have added life to the work environment.
The common corporate Mission, Vision, andValues followed by the companies have led aconcrete ground for the bond exhibited.
Background
Addis Gas & Plastics Factory Plc
joined the MIDROC Ethiopia
Technology Group since its
establishment in June 2004.
The Company is a pioneer in supply of CO2Gases and related services of high pressure Gas
Cylinder Bottle Inspection, hydrostatic testing
and valve maintenance, aGP is also a major
player in the supply of molded plastics products-
crates, fluid containers, chairs, customized items,
etc. for a number of customers.
aGP manufactures and supplies a range of
gaseous and plastics products and services:-
• Carbon Dioxide Gas (Co2 Gas)
• Oxygen Gas (02 Gas)
• Hydrostatic Testing and Inspection of
High Pressure Gas Bottles
• Repair and Maintenance of Valves for
High Pressure Gas Bottles
• Plastic crates
• Plastic chairs with metallic stands
• Paint containers
• Other plastics products of diverse
application
Addis Gas & Plastics Factory P.L.C
P.O.Box: 2407 Addis Ababa, EthiopiaTel: +251-11-551-9899 Fax: +251-11-515-9146
E-mail: [email protected] Website: www. midroc-ethiotechgroup.com
A member of MIDROC Ethiopia Technology Group
“Providing customers with reliable and firstclass Gas &
Millennium Issue • 109
110 • Millennium Issue
The company’s products and services have wider applications in different industries:
O2 Gas:
• For metal cuttingand weldingpurpose, byMetallic Industry.
• For medical use, byHealth Services(under study tosupply the standardquality)
Plastics crates:
• For packaging ofbottled drinks andhorticulturalproducts
CO2 Gas:
• Mainly used by Beverage,Brewery and MineralWater Factories to causethe effervescences incarbonated drinks.
• for metal fabrication• serves as fire extinguishing
agent• For hotels, butchery, etc., as
refrigerant (ice form)
Accomplishments
In its short span of existence as a company, aGP
has been undertaking capacity enhancement and
product diversification activities continuously. As
a result, the capacity of CO2 gas production is
almost doubled, O2 Gas production facility
installed, three brand new injection molding
machines of latest technology, capacity ranging
from 255 ton to 800 ton were acquired. Further
more, hydrostatic testing and certification
services of Gas Bottles were introduced with a
view to render full fledged and reliably safe
products to Gaseous products customers.
Future Plans
There are plans underway to further increase the
production capacity of CO2 Gas by means of a
green field investment. New acetylene Gas
Manufacturing Plant and modernizing
hydrostatic testing of cylinders are earmarked
investment plans. Supply of fire extinguisher
products (Gas, Powder and Foam types) and
rendering of training and inspection services
related to the same are active business plans.
In plastics business line, besides the capacity
enhancement scheme in existing product line,
there is also a plan to build in-house capability in
plastics mould design and manufacturing thereby
engaging in producing high value engineering
plastics products required by local service and
manufacturing industries, namely: Telecommu-
nication, Hydro Electric Power Supply, Agro-
Industry, etc. Realization of this plan, would
enable to substitute imports and save a significant
amount of foreign currency expenditure of the
country.
Corporate CitizenshipResponsibility
aGP, as part of its company value, takes
maximum care in discharging its social and
environmental responsibility to the community.
Recycling of plastics wastes and prohibition of
rejected bottle’s use is worth mentioning here.
Waste and reject plastics are reprocessed for reuse
in manufacturing process as raw materials. The
Company has a facility to recycle waste
thermoplastic materials.
Explosion of Gas filled cylinder bottle is
extremely risky. The company has a solid policy
whereby it is mandatory to inspect cylinders prior
to filling operation. If a bottle fails to meet
quality requirements, then, it is returned to the
customer unfilled. The company provides
certificate of quality for each cylinder tested and
accepted. Customers are strongly advised never
to use rejected bottles. We are glad to say, that at
present all industrial users and many of the
individual customers do comply with this
company policy.
Presently, the company offers employment
opportunities for a total of 136 employees, of
which 114 are permanent and 22 contract
employees.
Investment Projects
Fire extinguisher business is a project under
implementation. Erection of new plants for CO2Gas and Acetylene manufacturing are projects
under feasibility study.
Millennium Issue • 111
BackGround
addis Home Depot Plc (aHD), a retail and whole sale supermarket, is officially opened on February 21,2006. It was legally established as a Company in 2003 under the leadership of the Office of the ChiefExecutive Officer of MIDROC Ethiopia Technology Group.
addis Home Depot is a one-stop shopping center providing materials for home use, building andconstruction materials and finishing products in Ethiopia.
addis Home Depot plc is involved with various manufacturers all around the world with plans ofestablishing a sales agency agreement and becoming a sole agent for their products.
Manpower
Currently, addis Home Depot plc has a total number of 64 employees including 16 secondmentemployees from TRUST Protection & Personnel Services Plc.
addis Home Depot P.L.C.
“Provides “ALL-IN-ONE” First-Class ShoppingServices for all your needs in and around your
P.O. Box 19448 Addis Ababa, EthiopiaTel. No.: 011-320-6351Fax No.: 011-320-6348
E-mail: [email protected] Website: www.midroc-ethiotechgroup.com
A member of MIDROC Ethiopia Technology Group
Millennium Issue • 113
COMPANY’S PRODUCTS
As part of its objectives, addis Home Depot plc provides in its center, varieties ofitems of the finest qualities for home use and gives the opportunity forcustomers to find the right choice.
WALL, WALLPAPER & WINDOWTREATMENTSHydrafoam blocks, Wall divider, Ceramic walltiles, Wallpaper, Wallpaper adhesive, Wallremoval, Window blinds (Venetian & verticalblind) and Drapery hardware.
FLOORINGCarpets, Floor tiles (ceramic quartz, natural marble), Hardwood flooring, Concrete PavementTiles, Terazo Tiles, Flooring, Skirting and Floor adhesives.
DOORS AND WINDOWSDoors, Windows, Glass and Curtain Walls.
114 • Millennium Issue
CEILING & ROOFINGCeiling, Galvanized corrugated steelsheets, Concrete roof tiles, Galvanizedribbed (ega) steel sheets, Corrugated pvcsheets (opaque & transparent), Clayroofing & Gutter.
ELECTRICITY, LIGHTING,ELECTRICAL APPLIANCES &ELECTRICAL ITEMSElectrical wires & extension cords, flexibleand rigid conduits, switches & sockets,light bulbs & florescent lights, securitysystems & smoke detectors homeappliances (air conditioners & heaters,electric fans, irons, hair dryers & vacuumcleaners).
ELECTRONIC ITEMSTelevisions, Hi-fi stereos,DVD players, VCR players,Walkman, Mpeg Players,Home entertainmentCenters, clock radios, Videocameras and Photo cameras.
TELEPHONE APPARATUSCordless telephone apparatus,Cell phone apparatus, Regularphone apparatus.
Millennium Issue • 115
KITCHEN & BATHAPPLIANCESRefrigerators & Coolers,Deep Freezers, LaundryMachines, Dish Washers &Dryers, Stoves, Ovens,Microwave Ovens, Toasters,Meet Grinder, Juice Maker,Coffee Maker, Coffee-Grinder, Ketteles, Liquidizer,Water Heater, Pipe &Fittings, Kitchen Cabinets,Medicine Cabinets, KitchenSinks & Sink Faucets.
KITCHEN, TOILETS, BATH & PLUMBING
TOILETSWash-basin with and withoutpedestal, two-piece toilet (wc)s -trap, toilet bowel, wc seat cover,toilet cistern, bidet, toilet paperholder, counter - top wash-basin,corner wash-basin, urinal, squat(Turkish type), mixer forwashbasin, mixer for bidet.
BATHBath tubs, Jacuzzi, Steam-shower box shower tray,shower cubicles, telephoneshower, shower head, mixerfor shower, towel hanger, soapholder, double tab forwashbasin & shower, triple tabfor bath tubs, tap for singlehole basin, gate valve,bathroom accessories.
BUILDING MATERIALS,TOOLS & HARDWARENails, Fencing (Chain link,barbed wires), woven wires(mesh), hexagonal netting,Lumber & specialty woods,Hand tools, Hammer,reciprocating saw, sabber saw,circular saw, level, flamingsquare, screw driver, wrench,Lifting tables & trucks.
MEASURING TOOLS, DOOR& WINDOS HARDWAREDoor locks (complete set) door handles, door knobs, cylinder,window latches, tower bolts/aldrops, hinges, fastners, shoe tacks,screw, bolts & nuts, staple pin.116 • Millennium Issue
OTHER ITEMSGalvanized plain sheet, Steelstructures, Reinforcement bars,LTZ profiles and Black annealedwire.
PAINTSDIL Paints, Polishers, Brushes, Rollers & Trays, PaintSprayers, Masking Tape, Glue & Adhesives, Sand Paper.
GARDENING ITEMS, LAWN EQUIPMENT, CHEMICALS & OTHERSSeedlings, Pottery, Gardening tools (Scissors, spades, forks, shovels, square shovels and hoes),Lawn mowers, Wheel barrows, Sprinkler & hoses (sprinkler & flexible pipes).
FUTURE PLANS
Aside from being a “One-Stop Shop” for the average homebuilder, addis Home Depot participates in various tenders forproviding construction materials to contractors and real estatedevelopers in the country. The Company also plans to openbranches in different locations.
Millennium Issue • 117
Millennium Issue • 119
Background
Blue Nile P.P & Craft Paper Bags ManufacturingPlc (BN) was established in July, 1993, formanufacturing and supplying of Polypropylene,Polyethylene and other related products,becoming the first of its kind in the country. BlueNile has joined the MIDROC EthiopiaTechnology Group since September, 2006.
The Company currently has 343 permanent and62 contract employees who are ready todischarge their activities enthusiastically.
Blue Nile has its factory located in Debre Zeitcity, 45 km east of Addis Ababa and a Sales &Marketing office in Addis Ababa in Saris area.
Products and ServicesBlue Nile manufactures all its products with state-of-the-art technology keeping in view ofcustomers’ needs. The diversified product lineshave contributed to its efficient productionprocess.
Blue Nile P.P. & Craft Paper BagsManufacturing P.L.C.
“Offering Diversified Plastic Products Through Efficient Production”
MAIN OFFICE (Addis Ababa)P. O. Box: 8490 Addis Ababa, Ethiopia
Tel. +251-11-442-3524 / 442-8057Fax: +251-11-442-3653
E-mail: [email protected]: www.midroc-ethiotechgroup.com
FACTORY:Tel. +251-11-433-9050 / 433-9000 / 433-9150
Fax: +251-11-433-9720
A member of MIDROC Ethiopia Technology Group
Blue Nile is the first pp bagmanufacturing company inthe country with moderntechnology, having a goodreputation in the businessand determined to continueexcelling.
PP bags can be used forpacking of grains, flours,
sugar, cement and manyother industrial andagricultural goods. They arebeing produced complyingwith Ethiopian standard andas per the preference ofcustomers; the bags areproduced in different sizes,colors and printing options.The bags can be preparedwith inner liners to makethem leak proof or formoisture protection. Thecompany prints customers’logo and addresses in anydesigns required.
POLYPROPYLENE BAG (PP BAG)
HESSIAN CLOTH
Hessian cloths are used forwrapping goods, for ceiling,shade, for covering buildingsunder construction andother related functions.Hessian Cloths areproduced based oncustomers’ color, size andstrength preference.
PP MATS
PP mats are produced indifferent design, size andcolor combinations. Thestandard sizes range from0.8 meter 0.85 meter to3.0 meter x 1.8 meter.
CONDUITS
Conduits are used for coveringelectric wire installation inbuildings. The conduits areproduced with good strengthand quality and available instandard sizes such as 13 meterand 16 mm.
POLYETHYLENEPRODUCTS
Poly products are used forpacking of food items,wrapping of hide andskins, cloths and otherrelated goods. Varioustypes of poly productshaving differentthicknesses to meetcustomers’ demand arealso produced. Theproducts are prepared ina form of sheets, bags oras inner liners for pp bags.
ROPES
120 • Millennium Issue
INVESTMENT PROJECTS Blue Nile is presently considering the introduction of laminated PP bags manufacturing line forpacking of cement and similar products, to replace paper packs presently in use in the country Theintroduction of PP bags will give an advantage in terms of cost saving, as PP bags can be reused forother purposes after their first use and be recycled after final use. It is also an advantageous in termsof safe packing of products as PP bags have much more strength and resistance to moisturecompared to paper packing.
Background
Daylight Applied Technologies Plc (DAT) had introduced the first lamp factory in Ethiopia. DAT wasinitially established in 2003 as Daylight Engineering and was engaged in the production of bulbs &lamps. This did not succeed due to the market problem resulting from inputs from China. As a result,the CEO Office reorganized the Company with a new name - Daylight Applied Technologies p.l.c., toengage in the production of electrical equipment, computers, bottles, Network system etc.
The Company is organized under the Office of the Chief Executive Officer of MIDROC EthiopiaTechnology Group, and is led by a Deputy General Manager, directly reporting to the CEO. Thecompany has one Operation Unit and five Service Units, all of which are managed by qualifiedManagers endowed with rich experiences.
DAYLIGHT APPLIED TECHNOLOGIES P.L.C.
“Adding Value to Society through the use of Applied Technologies”
MAIN OFFICEP.O. Box 190071 Addis Ababa, Ethiopia
Tel. +251-11-515-9897Fax:+251-11-553-9565
FACTORY:Tel:+251-11-551-4041
e-mail: [email protected]: www.midroc-ethiotechgroup.com
A member of MIDROC Ethiopia Technology Group
122 • Millennium Issue
Products & Services
Glass
• Glass articles such as bottles for soft drinks
and liqueur, tumblers (drinking glasses) for
water, milk, tea, juice, scotch , wine, etc.
Computers
• High quality assembled personal
computers and marketing of genuine and
high quality computers related supplies
and accessories.
• Provision of professional computers
hardware and software support services.
• Provision of design, implementation and
support services for Local and Wide area
Networking.
Electro Mechanical
• Electro-mechanical services in industrial
and commercial buildings including
elevators, escalators, security systems, air
conditioning systems etc.
Corporate CitizenshipResponsibility
• The company’s operations, including the
Lamp and Glass Factories generate
environmental friendly solid waste (free
from pollution).
• DAT currently employees about 48
permanent and 8 contract employees.
The employment is expected to reach
about 350, once the ongoing glass bottles
project is operational in three shifts.
• DAT is involved in different social
responsibility activities. It is a member of
different Business Associations such as
Addis Ababa Chamber of Commerce;
and Humanitarian and other Associations
such as the Ethiopian Mental Health
Society, Children’s Heart Fund of
Ethiopia, and Green & Clean Addis
Ababa Association.
Future Plans
• DAT has future plans to assemble cell
phones, radios, televisions, refrigerators,
water heaters, cookers, air conditioners
and a variety of solar appliances
equipment.
Investment Projects
Projects under implementation
• DAT currently has a glass bottles
manufacturing project under
implementation. The investment amount
upon completion would reach to about
Birr 160 Million of which Birr 100
Million has been already invested.
• The glass bottles project has a capacity to
produce about 12 million assorted bottles
for the market.
Millennium Issue • 123
BACKGROUND
ELFORA is the largest Agro-industries company
in Ethiopia.
The word ELFORA stands for natural products
without the exposition to artificial feeds or
chemicals. “ELFORA” comes from two “Borena
Oromo” words, “ELA” and “FORA”. “ELA”
means Permanent Water Point, and “FORA”
means Rainy Season Grazing. The word
“FORA” is also considered to be equivalent to
the English word “FLORA”, which signifies
HIGH QUALITY Livestock and Meat Products
brought from traditional pastoral system as well
as modern ranching.
ELFORA Agro-Industries plc was initially
established in 1998 and was brought under the
Office of the Chief Executive Officer of
MIDROC Ethiopia Technology Group in
August 2001.
ELFORA Agro-Industries plc is equipped with
professionals engaged in the production and
marketing of agricultural, livestock and poultry
products and with adequate experience gained
through skill development and long years of
service with the company.
ELFORA provides Slaughtering Services at its
various Abattoirs (Debrezeit, Methara, Gondar)
“ELFORA Stands for Natural and QualityProducts”
P.O.Box: 2500 Addis Ababa, EthiopiaTel: 251-11-320-6600 / 320- 6596
Fax: 251-11 – 320-6562/61E-mail: [email protected]
Website: - www.midroc-ethiotechgroup.com
Millennium Issue • 125
Elfora Agro-Industries P.L.C.
BUSINESS UNITS
The company is engaged in three sectors,Poultry, Livestock and Crops. In an effort toenhance productivity & performance, theproduction operation is divided in zonal
operations. The decentralized andautonomous zonal operations are categorizedinto Debrezeit Zone, Adama Zone, AwassaZone, Wollo Zone, Dire Dawa Zone andGondar Zone. These are supported by theMain Office activities at Addis Ababa.
POULTRY PRODUCTSEgg, Poultry, Meat, Live Chicken,Poultry by-products (Feather,Neck, Gizzard, Feet Etc.)
MEAT PRODUCTSBeef, Veal, Lamb, Goat,Camel, Cooked Meat (Beef,Veal, Chicken Role,Mortadella & Sausage)
CANNEDPRODUCTSCanned Meat (BeefStock, Minchet Abish,Canned Fish), cannedwon-roat (vegetable soup,tomato paste, pealedtomato)
CROPS &VEGETABLESRed Speckle, Maizeand Maize Seed,Haricot bean, Soyabean, Mung, Chickpeas, spices, Tomato,Onion, Green Paper,Table Grapes, Avocado
LIVESTOCKLive Sheep, Live Goat andLive Cattle.
PRODUCTS AND SERVICESELFORA’s products and services are categorized as follows:
126 • Millennium Issue
Millennium Issue • 127
ELFORA serves both domestic and foreign
markets.
Domestic Markets include:
Known Hotels and Institutions such as:
• Sheraton Addis
• Hilton Hotel
• Ethiopian Airlines
• Universities and Colleges (Addis Ababa ,
Haremaya, Awassa)
• Hospitals
• Supermarkets
• The Ministry of Defense
• Pastries
Foreign Market Cover:
• Countries in the Middle East, mainly,
(Saudi Arabia, United Arab Emirates,
Yemen)
• African Countries (Egypt, Congo
Brazzaville and Cote- d’ivoire)
Accomplishments
ELFORA has undertaken upgrading and
expansion activities in its Debrezeit operations to
increase the production of meat and poultry
products. Hence, the company has secured
several Awards:
• Good Performance Trophy in the Export
of Meat, from Ethiopian Export
Promotion Agency; in year 1999/2000
• 1st Rank Award from TIT Bureau
• Good Performance Trophy in the Export
of Livestock and Meat; from Ethiopian
Export Promotion Agency; in year
1998/1999.
• Certificate of Recognition for
participation in Domestic Products &
Services Exhibition & Bazaar; from Addis
Ababa City Government Trade &
Industry and Tourism Bureau;
On May 4, 2002.
• Good Performance Award for promoting
ELFORA Products in “Agriculture and
Growth-AGRIFEX ETHIOPIA-2005
International Trade Fair” on June 6,
2005.
• Award for good export performance in
livestock export during the 2005/2006
budget year from Ministry of Agriculture
and Rural Development.
Corporate CitizenshipResponsibility
ELFORA is actively participating in the activities
of the Corporate Intervention Team on
HIV/AIDS (CIT), organized under the Office of
the CEO to prevent and control the spread of
HIV/AIDS among the employees of MIDROC
Ethiopia Technology Group Companies as well
as their family members.
The company is also involved in different social
responsibility activities. It is a member of
different Professional Associations such as
Ethiopian Meat Exporters’ Association; Business
Associations such as Addis Ababa Chamber of
Commerce and Ethiopian Employers’
Federation; and Humanitarian and other
Associations such as Ethiopian Mental Health
Society, Children’s Heart Fund of Ethiopia, and
Green & Clean Addis Ababa Association.
128 • Millennium Issue
Currently, the Company has a total number of
1497 employees, of whom 1196 are permanent,
231 are contract and 70 engaged in secondment
bases. Moreover, the company hires a lot of
temporary workers whose number varies with the
season and volume of operation at various farms
and plants of the Company.
In addition, fresh graduates are employed every
year to strengthen the management capability of
the company.
Future Plans
ELFORA intends to further diversify its products
and substantially increase its local and foreign
market shares and thus has acquired Metehara
Export Abattoir, to handle sheep, goat and camel
carcass export. Since the transfer of lands and
assets are now in the process of completion, more
upgrading and expansion activities will be
undertaken to achieve ELFORA’s long term
growth and expansions strategies.
More land will be developed to produce high
volume cash crops under irrigation. To improve
the quality of meat for local and export markets,
Feedlots, ranches and quarantines will be
rehabilitated and upgraded.
Investments Projects
• Wonji Irrigation Project:
This project has been developed to
produce assorted vegetables under
irrigation. Vegetables such as potato,
onion, tomato, green pepper, egg plant
and other leafy vegetables are now under
cultivation for foreign and local markets.
At full development, the total area will
reach to forty (40) hectares. The overall
investment cost will be over 2.5 million
Birr.
• Table grape project:
The implementation of this project has
just started at the ELFORA Netle Farm
near Meki town. A phased development
is envisaged with initial plantation of
fifteen (15) hectares. The hectarage will
eventually increase to one hundred (100)
hectares at a development cost of Birr 13
million. Following the necessary land
development and construction of
infrastructure, plantation of table grape
will start in August 2007 under drip
irrigation. The first harvest for export will
be made in June, 2008.
• Ellen Irrigation Project:
An irrigation development plan is already
in place to produce high value cash crops.
The investment cost is estimated to be
Birr Fifteen Million.
Background
Huda Real Estate plc was established in
September 1997 and came under the leadership
of the Office of the Chief Executive Officer,
MIDROC Ethiopia Technology Group in
August 2001.
Huda is engaged in land/real estate development
and construction management activities.
Ccmpany’s Products/Service
Current major Projects of Huda Real Estate plc
include, among others, the following:
NANI BUILDING PROJECT
The pioneer tallest building in the
metropolis having 22 stories.
The first of its kind built to meet the stringent
earthquake requirements set by the Western
World.
This skyscraper has a total built up area of
24,000 sq. meters including a basement and a
two-level parking deck for about 150 cars. It is
meant for department stores, working offices and
restaurants.
Huda Real Estate P.L.C.
“Proven Source for Creative Design,Consultation,
Turn-key Project Management and Real Estate”Nefas Silk Lafto Sub-City
P.O.Box 5787 Addis Ababa, EthiopiaTel. No. 011-371-5700 / 371-5694
Fax: 011- 371-5692e-mail:- [email protected]
Website:- www.midroc-ethiotechgroup.com
A member of MIDROC Ethiopia Technology Group
130 • Millennium Issue
NANI BUILDING PROJECT
The overall development cost is over 340 Million
Birr. The contractor of this project is MIDROC
Construction Plc, while the consultant is the
Jeddah (Saudi Arabia) based international
consultant, Innovators Consulting Engineers.
Huda Real Estate owns the building.
LOLI BUILDING PROJECT
This is a modern nine-storey building having
mixed retail, office and apartment spaces with
beautifully designed and well integrated twin
towers. To make it more convenient for users
three decks for auto parking are incorporated
within its basement.
Loli is located near the Old Airport at a place not
far from the City Center. It is owned by Huda
Real Estate plc and is being constructed by
MIDROC Construction plc and the Consultant
is INNOVATORS of Jeddah.
HAJI MOHAMMED YASSINBUSINESS CENTER
This is a modern building, which is being
constructed in Dessie town, southern Wollo Zone
of the Amhara Regional State, at a cost of over
20 Million Birr. The building, which is named
after the Grandfather of Sheikh Mohammed
Hussein Ali Al-Amoudi, is to be used as a
Business Complex. It consists of spaces for
offices, shops, motels, theater, etc.
The Building is conceptually designed by the
CEO’s office. It’s architectural and civil
engineering & construction activities are done by
Huda Real Estate plc.
Millennium Issue • 131
MIDROC VILLAGE
MIDROC Village, a mixed neighborhood
project with 24 individual houses, was
constructed in the year 2002 in Woldia town.
The Project, feasibility study, design, supervision
and construction, was done by Huda Real Estate
plc. The 24 houses were given to the town of
Woldia as a gift, at no charge, by Sheikh
Mohammed Hussein Ali Al-Amoudi.
WOLDIA DASHEN BANK & STAFF RESIDENCE
Huda Real Estate plc has designed, supervised
and administered the construction of Dashen
Bank’s very first “own” building and two villas for
staff residences for Birr 3.5 million. The total
build up area is 565 sq. meters for bank building
and 230 sq. meters for staff residence.
KOSPI & MBI - AKAKI FACTORYPROJECTS
Huda Real Estate plc has done the design,
construction and supervision of the factories of
KOSPI and MBI Factories at Akaki (Dukem).
132 • Millennium Issue
MIDROC GOLD MINE CIP &FUEL DEPOT PROJECTS
The foundation, construction, supervision and
erection works of MIDROC Gold Mine plc’s
Carbon in Pulp (CIP) and Fuel Depot Projects
have also been successfully completed by Huda
Real Estate plc.
HUDA Real Estate plc has professional work
relationship with INNOVATORS CON-
SULTING ENGINEERS, which is one of
Sheikh Mohammed Hussein Ali Al-Amoudi’s
Companies, located in Jeddah, Saudi Arabia.
Huda Real Estate plc is well equipped to provide
services in the following areas:
DESIGN WORK
• Pre-design study and consultancy
• Overall programming of projects
• Surveying and scheme design
• Preliminary architectural design
• Final engineering design
CONTRACTADMINISTRATION • Bidding
• Bid evaluation & award
• Residential supervision
• Periodic supervision
• Processing of provisional
& final acceptance
PROJECT MANAGEMENT• Prepare design program
• Prepare terms of reference for consultants
• Assist clients in the selection of
Consultants
• Review and evaluate documents
presented by Consultants
• Schematic design
- Preliminary design
- Final design
- Documents
• Assist clients in the selection of
Contractor and Contract administration
• Building management.
CORPORATE CITIZENSHIPRESPONSIBILITY
HUDA Real Estate Plc is actively participating in
the activities of the Corporate Intervention Team
on HIV/AIDS (CIT), which has been organized
under the Office of the CEO, MIDROC
Ethiopia Technology Group, to prevent and
control the spread of HIV/AIDS among
employees of the Group Companies as well as
their family members.
The company is also involved in different social
responsibility activities. It is a member of
different Professional Associations such as
Ethiopian Civil Engineers Association and
Ethiopian Society of Mechanical Engineers;
Business Associations such as the Addis Ababa
Chamber of Commerce; and Humanitarian and
other Associations such as Ethiopian Mentally
Retarded Rehabilitation Association, Ethiopian
Mental Health Society, Children’s Heart Fund of
Ethiopia, and Green & Clean Addis Ababa
Association.
Millennium Issue • 133
BACKGROUND
Kombolcha Steel Products Industries p.l.c
.(KOSPI), was established in 1999 and came
under the leadership of the Chief Executive
Officer of the Technology Group in August
2001.
KOSPI is engaged in manufacturing and
marketing of different types of Metal and
Engineered Products in Ethiopia.
The Company built its first factory in south
Wollo, Kombolcha Town 380 km away from
Addis Ababa with a total land holding area of 60
thousand sq. meters. KOSPI’s second factory was
built at Akaki Sub City in Oromia Regional
State, 30 km far from Addis Ababa with a total
land holding area of 25 thousand sq. meters.
OPERATION
KOSPI’s expansion project for the
manufacturing of varieties of wires and steel
products constructed with a total cost of Birr 10
Million was inaugurated at Kombolcha. The
Company is also scaling up its production
capacity of various engineering steel products at
Akaki to meet the growing market of its products.
Kombolcha Steel Products Industries P.L.C.
“Providing Quality Steel Products andEngineering
Services for Construction and Home Use”
P.O.Box: 20772 Code 1000 Addis Ababa, EthiopiaTel. No. 011-320-6435/36/37 (Addis Ababa)
Tel. No. 033-551-0800/033-551-0285 (Kombolcha)Fax No: 033-551-0957, E-mail: [email protected]
Website: - www.midroc-ethiotechgroup.com
Millennium Issue • 135
136 • Millennium Issue
KOSPI is currently focusing on the production of
corrugated iron for roofing and related items and
also has a capacity of producing 6,500 tones of
wire products annually.
KOSPI recently has proven its local capability of
providing 30,000 electric poles and accessories to
Ethiopian Electric Power Corporation.
Another contract agreement for the supply of
materials needed for the rural electrification
program worth Birr 37 million was also signed on
April 7, 2006.
COMPANY’S PRODUCTS
Corrugated Steel sheet
KOSPI produces Galvanized Corrugated Sheets
which are used for roofing and fencing with
length up tp 3.66 meters and thickness of:
• 0.20mm (USG-35)
• 0.25mm (USG-32)
• 0.32mm (USG-30) and
• 0.40mm (USG-28)
GALVANIZING PROCESS
KOSPI has installed a Structural-Hot-Dip-
Galvanization-Plant at Akaki, being the first of
its kind in Ethiopia. Armed with its profound
engineering capability, it designs, fabricates, and
galvanizes various types of structural products,
such as Electric Power Transmission Towers,
Microwave Towers, Radio Antenna Towers,
Steel Bridges, Scaffolds, etc. KOSPI also provides
Structural-Hot-Dip-Galvanization service to
customers.
Millennium Issue • 137
The Structural-Hot-Galvanization-Plant has a
capacity of galvanizing about 10,000 metric
tones of steel structures annually.
RIBBED STEEL SHEETS
KOSPI, being the sole company, owning fully
automated line for ribbed steel sheets
manufacturing industry in Ethiopia, produces
Ribbed Steel Sheets of excellent edge and quality
surface finish for roofing and wall cladding of
industries, factory buildings, warehouses and
residential buildings.
Ribbed Sheets are manufactured from
Galvanized or colored pre-coated sheets.
• K300 (3 ribs), K500 (5 ribs), K600 (6 ribs)
• Thickness from 0.3mm up to 0.8mm
• Length from 1m up to 12m.
WIRE NAILS
KOSPI produces strong, center-headed and
polished wire nails. The Factory has the capacity
of producing 600 quintals of nails per week.
Each package of KOSPI nails, identified by the
print “TOUGH KOSPI NAILS” contains 5kgs.
Nails of various sizes are used to join or anchor
materials, primarily wood and other building
materials. They are essential in carpentry and
construction works.
J-BOLTS
KOSPI manufactures Galvanized J-Bolts and
Metallic Washers with the standard lengths of
200mm, 250mm and 300mm, which are used to
fasten ribbed sheets to roof structure, wall
cladding or similar structures. The factory
manufactures J-Bolts in various lengths based on
customers’ request.
KOSPI’s J-Bolts are packed in 250 sets. A set
contains 1 J-Bolt, 1 nut, 1 metallic washer and 1
plastic washer.
BINDING WIRE
KOSPI manufactures
electro-galvanized or
black Binding Wires
with wire diameter of
0.5mm up to 5.5mm,
and a standard roll
weight of 25kg.
Binding wires are
mainly used to join
reinforcement bars
for concrete works.
CHAIN LINK
Chain links are used for fencing and covering
walls where ventilation is required. KOSPI Chain
Link wires are Electro galvanized, and are
available with the following sizes:
• Pitch sizes: 39mm, 45mm, 57mm,
65mm, 72mm, 86mm, 113mm and
142mm.
• Standard rolls: 1.5m or 2m wide and 25m
long.
138 • Millennium Issue
• Standard wire diameters: 2.0mm,
2.24mm and 2.5mm
Wire diameters can vary from 0.8-3.5mm. Based
on customers’ requirements, length and width of
roll can be adjusted.
KOSPI’s Chain Links are manufactured in a
variety of wire diameters.
HEXAGONAL WIRE NETTINGKOSPI is the only company producing
Hexagonal wire netting which are used for
chicken houses, covering windows where
ventilation is required and for binding materials
on concrete wall plastering.
Two types of hexagonal wire netting are
available with pitch size of 1” and 1/2”.
Hexagonal wire nettings are manufactured from
0.6mm diameter galvanized wires. Each roll
covers 1.8 meter by 30 meter area.
BARBED WIRE
KOSPI manufactures electro-Garvanized barbed
wires with standard wire diameters of 2.24mm
and standard bundle weights of 10kg, 15kg and
20kg. Barbed wires are used to prevent people
and large animals crossing fenced areas.
WOOD SCREW
KOSPI is currently the only company producing
wood screws in Ethiopia.
The Factory manufactures nine different sizes
Millennium Issue • 139
(diameter in mm x length in mm) of wood screws
(3.2x20, 3.2x25, 3.8x30, 3.8x35, 3.8x45, 4.5x50,
4.5x55, 4.5x65, 4.5x75). Wood screws are used to
fasten wood, for furniture and other purposes.
U-NAILS
KOSPI manufactures U-Nails, which are used to
install fences of wire meshes, chain links and
barbed wires on wooden poles. Standard U-Nails
are manufactured from 2.24mm diameter
galvanized wires, Wire diameters can be
increased up to
4mm.
STAPLE PINSStandard staple pins are also produced in
KOSPI, which can be used for office stationary
purposes.
The standard size and quantity of staple pin is
designated as 1000-24/6.
SHOE TACKShoe tacks are fabricated from black steel wires.
Each KOSPI Shoe Tack packet weighs 470 gms
and contains Shoe Tack of 2cm long. Each Shoe
Tack are used for ceiling works and for other
works requiring smaller size nails.
ENGINEERED PRODUCTSKOSPI manufactures engineered products for
any service requested by customers regarding
steel structure and sheet metals.
This includes the production of Steel Poles, Steel
Structures (Towers, Warehouses, Factories, etc.),
Fuel and Water Tankers, Canopies and other
custom based engineered products.
MARKET OUTLETS,CUSTOMERS & SUPPLIERS
Currently, KOSPI has its own sales-outlet points
at the premises of the Factory, in Kombolcha, at
addis HOME DEPOT plc’s premises, at
Lamberet, Akaki, Nazareth, Shashemene &
Awassa.
140 • Millennium Issue
LOCAL CUSTOMERS
KOSPI’s major local customers are Contractors,
Distributors, Institutes, Government Organ-
izations, Retailers, and Individual Customers.
FOREIGN CUSTOMERS
KOSPI is currently in the process of exporting its
products to Djibouti.
SUPPLIERS
KOSPI obtains its packing materials, RHS and
Angle Iron, and Saw Dust from the local market
(including WANZA Furnishings Industries plc, a
member of the MIDROC Ethiopia Technology
Group); whereas annealed and un-annealed GP
Coils, Steel Pipes, Wire Rods, Spare Parts and
Chemicals are imported from overseas.
FUTURE PLANSKOSPI will proceed in developing and providing
additional engineered products to the market,
which will make the company a leader in
Ethiopia. Making Agricultural machinery,
prefabricated structures, construction equipment
and industrial machinery are areas in which
KOSPI is currently planning to engage in the
near future.
KOSPI will strengthen its marketing activity, in
order to increase its market share in the country.
The company has put a roadmap to excel the
competition through better product quality and
through diversification in the steel sector.
CORPORATE CITIZENSHIPRESPONSIBLITY
The company is involved in different social
responsibility activities. It is a member of
different Professional Associations such as
Ethiopian Society of Mechanical Engineers;
Business Associations such as Ethiopian
Manufacturing Association, Addis Ababa
Chamber of Commerce and Ethiopian
Employers’ Federation; and Humanitarian and
other Associations such as Ethiopian Red Cross
Society, Ethiopian Mental Health Society,
Children’s Heart Fund of Ethiopia, and Green &
Clean Addis Ababa Association.
Presently, KOSPI employs a total number of 276
employees, of whom 176 are permanent and 68
are on contract. The remaining 32 are
secondment employees from TRUST Protection
& Personnel Services Plc.
142 • Millennium Issue
BACKGROUND
MIDROC Gold Mine Pvt. Ltd. Co. is engaged in
mining and exploration activities in Ethiopia.
The company is actively involved in mining gold
while being also engaged in exploration to find
new gold deposits.
MIDROC Gold owns and operates
the Legadembi Gold Mine, that was acquired at
USD 172 million from the Government in June
1997. The Company obtained Mining Right in
March 1998, and started operations in August
1998. It is the only industrial scale gold mine in
Ethiopia, which is located in the Oromia
Regional State, Guji Zone, Odo Shakisso
Woreda; about 500 km south of Addis Ababa. It
is an open pit mine and gold is recovered by
Carbon-In-Pulp technology. An underground
mine is being developed for full-scale operations
in 2008.
MIDROC Gold became a member of the
MIDROC Ethiopia Technology Group in the
year 2000.
ACTIVITIES
I. INVESTMENT NATURE
The company is established to undertake the
following activities
• Engage in mining, exploration,
prospecting of gold and other minerals.
• Engage in the development, production
and processing of economic minerals and
by-products.
• Enter into business transaction in the
selling and buying of the products both
within the local and foreign markets.
• Perform both field and laboratory studies
on all useful minerals so as to determine
and ensure the reserve and the extent of
the deposit.
• Engage in shallow and deep drilling
operations so as to determine and ensure
the reserve quality and depth extent of the
deposit.
MIDROC Gold Mine P.L.CP. O. Box: 2318 Addis Ababa, Ethiopia
Tel.: +251-11-372-8218/19/20/21Fax: +251-11-372-8227
E-mail: [email protected]: www.midroc-ethiotechgroup.com
A member of MIDROC Ethiopia Technology Group
Millennium Issue • 143
• Engage in wholesale or retail selling of
gold and other minerals both to foreign
and local markets.
• Engage in the production and
importation of equipment consumable
and spare parts related to the above
operations.
• Enter into hedging and similar contracts.
• Construct building and alter buried assets
related to mining and exploration
activities.
• Engage in any other business activities
which the Company may think relevant to
enhance the above mentioned business
purposes of the Company.
II. PRODUCT/SERVICE
(a) Mining
The Legadembi open pit mine was
originally designed (before the acquisition
from the Government) to a vertical depth
of 210m from the surface with a mine life
of 10 years (1998-2007) with an estimated
original reserve of 39,590 kg of gold.
Subsequently reviewed, redesigned and
optimized by MIDROC Gold, after the
acquisition, with an additional depth of
50m the reserve was increased and the life
of the mine was increased by 4 years
(1998-2011) to a total of 14 years of life.
This is being improved using modern
technology methodology and exploration
to further improve the life of the mine,
which is vital to the surrounding
community.
On average, about 7 million tones of
material is mined from the open pit
annually, which is composed of about 5.4
million tones of waste and about 1.6
million tones of ore. Ore is the gold-
bearing rock, while waste is barren rock
that has to be mined out from the pit in
order to expose the ore and provide safe
operating space. MIDROC Gold is
engaged in development & expansion
activities by using underground mine
projects and new exploration activities to
enhance its operation and improve the life
of the mine.
(b) Gold Production
Gold is recovered by a Carbon In Pulp
(CIP) technology processing plant. The
processing plant is capable of treating 1.6
million tones of ore annually. The
processing plant consists of a 3-stage
crushing section, a 2-stage grinding
(milling) circuit, leaching and Carbon-In
Pulp (CIP) circuits, followed by stripping,
elusion, electro-mining and casting of
gold + silver bullion in a form of Doré.
Yearly average production is about
4,500kg of gold-silver doré (fine gold
production is in the order of 3,500kg).
The average finess (proportion in the
doré) is 80% for gold and 20% for silver.
Total production from August 1998 to
December 2006 is 36,444kg of doré,
composed of 28,262.33 kg of gold and
8,073.87 kg of silver.
(c) Support Services And Facilities at
MIDROC Gold
Environment
MIDROC Gold is equally concerned for
the environment and exerts effort in order
to maintain acceptable environmental
standards in the industry and comply with
government obligations.
It has put in place Environmental
Management System and Policy,
144 • Millennium Issue
Rehabilitation and Closure Plans, Sinking
Fund, Environmental Impact
Assessments, Clean up and Awareness,
etc.
Tailings Dam
Tailing from the process plant has to be
stored in a dam built for the purpose.
MIDROC Gold is using an earth dam
that was constructed during the opening
of the mine. The dam needs periodical
expansions to handle the expected tailings
from increasing productions.
Consequently, a tailings dam expansion
project is in place and the dam has
already been raised three times (in slices of
3 meters) up to the end of 2006. The
dam will have the capacity for tailings
from the current open pit, underground
and East Sakaro.
Emulsion Plant
The open pit uses considerable amount of
explosive for mining. The previous
blasting system was unsafe, and inefficient
on wet ground. With the increase of
mining capacity, mechanization of
blasting was necessary; MIDROC Gold
arranged for an Emulsion Plant with
African Explosive Limited (AEL) of South
Africa. The plant is now fully operational,
with a monthly capacity of 500 tonnes of
emulsion. The new system improved
safety, flexibility and performance of
blasting. It also avoids importing of
explosives to the country; except the raw
material for the preparation of the
emulsion. Emulsion is not explosive until
it is charged to the blast holes.
Fuel Depot
MIDROC Gold uses diesel for mining
machineries, and fuel storage capacity
had to be improved in line with increasing
mining capacity in the last few years. A
depot was built with 500,000 liters
capacity. The old depot had only 150,000
liters capacity. The new depot improved
safety of fuel storage and secured
continuous and un-interrupted
operations.
Electronic Security
State-of-the-art electronic security system
is in place around sensitive production
sites and service facilities. The system is
composed of surveillance cameras and
monitoring panels, sirens, razor-blade
fence and lighting systems.
Power House
A powerhouse of five standby diesel
generators (total 5MW) is installed,
Millennium Issue • 145
capable of running the process plant and
other facilities during power outage of the
national grid.
Heavy Duty Maintenance
Considering the huge fleet size of heavy-
duty equipment and machineries at the
Legadembi operations, this facility is the
most important one of all the support
facilities. It is composed of maintenance
policy & planning and various workshops
both for the light and heavy-duty vehicles,
equipment and machineries. The system
is periodically reviewed and updated to
cope up with the production plans.
Water Treatment Plant
MIDROC Gold owns and operates a
water treatment plant, with treated water
capacity of 1080m3/day. The facility is
composed of two pumps of 330m3/hr
and 50m3/hr capacities and three
reservoirs of 50m3, 150m3 and 200m3
capacities. The 330m3/hr capacity pump
supplies water both to the treatment plant
and the gold processing plant.
Other Ancillary Services
Cafeterias, Clinic, residence homes, sport
facilities, etc.
Employment
Presently MIDROC Gold has a total work
force of 1,413 of which 1,171 are
permanent, 111 contract, 115
secondment employees, and 16
expatriates. The number of expatriates
has gradually been reduced from peak
number of 34 before year 2000 to the
present 16 in 2006, through a carefully
designed Ethiopianization program. The
reduction was done through systematic
knowledge transfer, training and
empowerment of Ethiopian professionals.
The 115 secondment employees are from
Trust Protection and Personnel Services
Plc.
Major Company Policies
MIDROC Gold operates in dynamic
systems that are periodically reviewed and
updated policies, directives, manuals,
organizational structures, etc. It has now
developed and implemented Human
Resource Policy, Financial Policy,
Materials Management Policy,
Environmental Policy, and Maintenance
Policy.
III. MARKET/SALES
Sales
MIDROC Gold is a major exporter of
precious metals and is one of the major
foreign currency earners for the country.
146 • Millennium Issue
Unlike other types of businesses, the
Company does not market or have price
setting strategies, because gold is sold in
the international markets at prices that
vary on daily basis. MIDROC Gold’s
sales reference is the London Bullion
market. MIDROC Gold’s doré bars are
shipped to Argor Heraus refinery in
Switzerland; the gold is then refined and
sold to Commercial Bank in Zurich
Switzerland.
The total sale from August 1998 to
December 2006 is USD 324 million,
which is about Birr 2.7 billion. Payments
made to the government (for the same
period) in forms of taxes and royalty
amount to Birr 203 million.
Capital Expenditure
Mining is a highly capital-intensive
venture and MIDROC Gold is no
exception. MIDROC Gold injected a
capital expenditure of about Birr 864
million in the last 81/2 years (Aug. 1998
to Dec. 2006) on the operations and
different projects. MIDROC Gold’s 2007
overall (Operation, Projects, etc.) budget is
well over Birr 630 million.
Future Business Plans
Based on the combined productions of
the presently operating open pit mine, the
Legadembi Underground mine and the
East Sakaro Project, MIDROC Gold has
put in place strategies to continue mining
for another 14 years, i.e., up to the year
2020. Considering the other promising
targets currently under exploration,
MIDROC Gold’s strategic production
plan would extend well beyond 2020.
INVESTMENT PROJECTS
Development & Exploration Projects
(a) Legadembi Underground
Development Project
MIDROC Gold is also planning to mine
the deeper level resources of the present
open pit mine. For this purpose, an
underground development project is in
progress. To-date, more than 3.8 km of
Millennium Issue • 147
underground workings have been done,
and the deeper resources have been
evaluated for a minable vertical depth of
115m below the open pit bottom and a
length of 350m (Shallow Resources). The
evaluation was done based on exploration
core drilling that was conducted from the
underground. The ore bodies are open
both at depth and along the length,
exploration drilling will continue for the
deeper levels (up to 230m below the open
pit bottom - Deep Resources) and other
ore bodies that have not yet been
evaluated.
Cut-and-Fill mining method has been
selected and confirmed by an
international consultant; the
corresponding mine design has been
done. The project is presently preparing
the relevant underground infrastructures
required for a full scale underground
mine, which is planned to commence in
2008. With the additional resources to be
upgraded and evaluated in 2007/2008,
the planned life-of-mine of the
underground mine will increase. This is
based on the total Shallow and Deep
Resources that are estimated to contain
additional Doré, i.e., gold & silver.
(b) Exploration Projects
The principal objectives of exploration
works are to secure additional reserves for
sustainable gold supply of the present
operations and also to develop new mines.
MIDROC Gold started limited
exploration works in 1999. However, the
more organized and aggressive
exploration works was started in year
2004 with intense exploration activity
being conducted at two different regions
in the country.
Presently, there are three Exploration
Licenses, namely, Legadembi Exploration
License (43.5 sq. km.), Ulaulo-Meleka
Exploration License (441 sq. km.), in the
South of the country and Metekel
Exploration License (1965 sq. km.); in the
North-West of the country with a total of
2450 sq. meter of exploration land.
148 • Millennium Issue
Thus far, thirty-four (34) gold exploration
targets have been identified: 17 targets in
the Adola-Legadembi and 17 targets in
the Metekel Exploration Licenses. The
most advanced target at this stage is the
East Sakaro Project.
The East Sakaro Project is presently at
pre-feasibility status. This and the
detailed Mine Design and the
Environment & Social Impact Assessment
Studies will be completed in 2007.
Depending on the results, the
underground development works will
commence in 2008, and full-scale mine
production is scheduled for 2009. The
projected mine life at Legedembi will
further increase and the new development
work is finalized. MIDROC Gold’s “2020
vision” is expected to increase the
operational life of the company well
beyond the year 2020.
CORPORATE CITIZENSHIPRESPONSIBILITY
MIDROC Gold Mine PLC is actively
participating in the activities of the Corporate
Intervention Team (CIT) on HIV/AIDS, which
has been organized under the Office of the CEO,
MIDROC Ethiopia Technology Group, to
prevent and control the spread of HIV virus
among the employees of MIDROC Ethiopia
Technology Group Companies and their family
members, who are part of the large society.
The company also gets engaged with the
community around its operations, in corporate
citizenship activities such as supply of drinking
water, road constructions, sanitation, different
assistance to religious and government
institutions, etc. The One Million Birr worth of
water purification and distribution system for
Shakisso town, is one example of the Company’s
engagement in the corporate citizenship
activities.
MIDROC Gold mine is a member of different
Business Associations such as the Addis Ababa
Chamber of Commerce, Ethiopian Employers’
Federation, Ethiopian Mental Health Society,
Children’s Heart Fund of Ethiopia, and Green &
Clean Addis Ababa Association.
AWARDS AND RECOGNITIONS
MIDROC Gold has won several Awards during
the last years of its operation, i.e.
• Century International Gold Quality Era
Award; from Business Initiative
Directions, Geneva; in year 2003.
• Excellent Performance in the Export of
Gold; from Ethiopian Export Promotion
Agency; in year 2002/2003.
• Excellent Performance in the Export of
Gold; from Ethiopian Export Promotion
Agency; in year 2000/2001.
• Excellent Performance in the Export of
Minerals and Marble; from Ethiopian
Export Promotion Agency; in year
1999/2000.
• Excellent Performance in the Export of
Gold; from Ethiopian Export Promotion
Agency; in year 1998/1999.
150 • Millennium Issue
Background
Modern Building Industries Plc (MBI), was
established in 1995 and came under the
leadership of the Office of the Chief Executive
Officer of the Technology Group in August
2001.
MBI is engaged in the production and marketing
of different types of paints, non metallic filler
materials, concrete blocks and tiles, and quartz
floor tiles products.
Operation and ProductionCapacity
MBI has its Main Office in Addis Ababa and
Four production plants - Three at Dukem (Paint
Factory, Quartz Floor Tiles Factory, Concrete
Blocks & Tiles Factory) and the forth one is
Awash (Filler plant).
Operation Machinery andProduction Capacity
Fillers
Fillers are generally inert substances which
improve a product’s specific gravity, hardness,
brittleness, strength in impact and compression,
refractoriness, electrical and heat conductivity,
smoothness of surface, color, transparency and
other properties.
The plant is specialized in the production of
Awash Fillers from non-metallic minerals;
namely Limestone, dolomite, quartz, fieldspar,
mica, bentonite, diatomite etc.
Awash Fillers are main ingredients of products
like paints, detergents, rubbers, ceramics, plastics,
cultured marble, stucco, terrazzo tiles, putty,
adhesives etc.
Modern Building Industries P.L.C.
“The Source for Excellent Products andServices for use in Construction Projects and
Related Industries”
P. O. Box 13093 Addis Ababa, ETHIOPIATel. +251-11-372-0555 / +251-11-371-3354
Fax: +251-11-371-2924E-mail: [email protected]
Website: www.midroc-ethiotechgroup.com
Millennium Issue • 151
MBI’s Awash Filler Plant, is the only one of
its kind in Ethiopia. It owns a range of
modern machinery imported from Germany and
Jordan. Equipped with highly automated
machinery, the Filler plant can supply its
micronized products in fineness of 15micron,
20micron, 45micron, 63micron and 90micron.
At full-scale production, the plant has an annual
capacity of 18,000 tons in three shifts.
Paint Factory
The Paint Factory manufactures different types
of decorative and protective paints for
construction, industries and vehicle. The factory
uses imported and locally - based raw materials
in its paints products for supply to the market.
Major paint products include:
• Wall Paints: DIL - Mica, DIL Super and
DIL - Wubet.
• Synthetic Paints: DIL - Enamel, DIL
Aluminum/Silver, DIL - Automotive
Paint and DIL - Hammer Finish.
• Primers: DIL Metal-Primer, DIL Zinc -
Chromate.
• Wood Paints: DIL Alkyd Varnish, DIL
Polyurethane Varnish, DIL Furniture
Lacquer, and DIL - Sanding Sealer.
• Other Products: DIL - Black board
Paints, DIL Traffic Paints, DIL - Glue,
DIL - Cement Paints and NC - Leather
Paints.
152 • Millennium Issue
Textured Paints: MBI has recently started
producing DIL QUARTZ, high grade
Textured Paints for interior and extension
applications.
MBI’s Paints Factory has an annual capacity of
producing 4.5 million liters of different types of
quality DIL paints per day, on a single 8hrs. shift.
MBI Quartz Floor Tiles Factory
MBI produces high performance, heavy duty,
semi-flexible, 71% quartz reinforced floor tiles in
its newly established, state-of-the-art
manufacturing plant, located at Dukem and
supply the local, as well as the overseas markets
with the product.
The Floor Tiles are available in:
Color: 23 dynamic colors
Thickness: 1.6mm
2.0mm
2.5mm
3.2mm
Size: 300mm x 300mm
300mm x 600mm
600mm x 600mm
The users of Floor Tiles include Private Houses,
Real Estate Development, Office Buildings,
Airport Terminals, Factories, Warehouses,
Supermarkets, Shops, Hospitals, Schools,
Universities, Recreational Facilities, Heavy
Pedestrian Traffic Areas etc.
MBI Quartz Floor Tiles are recommended and
guaranteed for areas requiring the use of fork lift
trucks, pallet trucks and other wheeled traffic.
Concrete Blocks & Tiles
Many types of products are manufactured under
concrete block & tiles operation to meet the
growing needs of the construction industry.
Products under this category include Hydrafoam
(interlock) Blocks, Concrete Floor (Pavement)
Tiles, Terazzo Tiles, Roof Tiles and Cultured
Marble. These products are available in various
sizes, patterns and designs. The factory mainly
uses local raw materials for the manufacturing of
the above products.
MBI’s Quartz Floor Tiles Factory has a capacity
of 720,000 m2 of Quartz Floor Tiles per year in
three shifts.
Accomplishments
MBI has established and organized its own
outlets, distributors and sales agents located in
different places of the country to distribute its
products to serve its customers. Construction
industries, real estate development, road
construction, agriculture, government and other
organizations, metal and wood workshops,
Millennium Issue • 153
building material shops, soap and detergent
factories, paint factories, rubber & plastic
industries, and private users are the company’s
major customers.
MBI has its own sales outlet in Addis Ababa
(around Sar Bet Gebriel Church - within the
premises of addis Home Depot plc), Mexico
Square area (in front of Coffee & Tea Building)
and Sholla (CMC road). Other outlets outside
Addis Ababa include Dire Dawa Branch, Awash
Branch, Nazreth Branch, Shashemene Branch
and Awassa Branch. The company also provides
door to door sales service to its customers. It also
uses Agents at Mekele, Dessie, Bahir Dar and
Jimma to distribute its products.
The Company has received various local and
international Awards as per following:
Awards Achieved
• Best Stand Award at 9th International
Exhibition and Bazar organized by Addis
Ababa Chamber of Commerce; in the
year 2004.
• International Quality Crown Award;
in year 2003
• International Platinum Award; in
year 2002
• First place winner at the exhibition and
bazaar organized by the Addis Ababa
City Administration Trade, Industry and
Tourism Bureau in the year 2002 under
the theme “I am Proud of the Quality of
Ethiopian Products
• Received International Platinum
Award; in year 2001.
Corporate CitizenshipResponsibility
The Company is involved in different social
responsibility activities. It is a member of
different Business Associations such as the
Ethiopian Manufacturers’ Association, Addis
Ababa Chamber of Commerce and Ethiopian
Employers’ Federation; Humanitarian and other
Associations such as Ethiopian Mental Health
Society, Children’s Heart Fund of Ethiopia, and
Green & Clean Addis Ababa Association.
MBI employees a total number of 293 people of
whom 31 are secondment from TRUST
Protection & Personnel Services Plc.
These days, industries are facing the challenge to
control pollution within acceptable level. An
effective solution to the challenge of
environmental protection is implementation of
Waste Management System according to the
nature of waste discharged by the industries.
MBI’s Paints Plant has been relocated to a wider
developmental area, at Akaki, in year 2004 at a
cost of Birr four million to expand its operation
and to eliminate the long pending environmental
concern of the company.
The company has also recently instituted a
Functional Safety Committee, which among
others, develops occupational safety and health
rules policies for management decisions.
BACKGROUND
RAINBOW EXCLUSIVE CAR RENTALAND TOUR SERVICES P.l.c. (RES) wasestablished in 1999 and joined the MIDROCEthiopia Technology Group in February 2007.
The Company is led by a General Manager,directly reporting to the CEO. The company hastwo operation units: Car Rental Operation andTour Operation; and four Service Units: HumanResources Services, Financial Services, Materialsand Stores Management Services and TechnicalServices.
Millennium Issue • 155
Rainbow Exclusive Car Rental and Tour Services P.L.C.
“Promoting Tourism with Exclusive and distinctive services to customers”
P.O.Box 9254 Addis ababa, Ethiopiae-mail: [email protected]
Fax:+251-11-551-5244Website: www.rainbowtravelplc.com
Tel:+251-11-551-3755/-515-0644
A member of MIDROC Ethiopia Technology Group
156 • Millennium Issue
COMPANY’S SERVICES
• Car Rental Services• Tour and Related Services
PRESENT UNDERTAKINGS
The car rental operation of Rainbow, rent outcars on chauffeur or self drive basis. TheCompany, currently possess modern deluxeautomobiles with a comprehensive insurancecoverage providing the following services.
• Tour Service • Shuttle Service • Executive Service• Wedding Ceremonies • Special Services• School Bus Service • Employees’ transport • Outing programs • Patrol Service
RES is a notable tour operator in the countrywith carefully drawn tour programs (itineraries)with different destinations and durations to satisfythe diversified needs of customers. The touroperation provides all the necessary campingfacilities. It has also well trained Tour Guides.
The Unit provides the following services:
• Tour Service (Tour with escort guide,Tour without escort guide and with agentguide)
• Professional guide• Transfer Service• Hotel Reservation• Transport Reservation
The company has a total number of 48permanent and 25 contract employees who arequalified and well trained in their area ofengagement.
FUTURE PLANS
• Undergo extensive market research foridentifying potential markets.
• Participate in selected international andlocal trade fairs to reach tourist organizingcompanies to establish strong customerbase.
• Develop different seasonal packages(itineraries) besides the regular packagesand introduce same using differentmethods.
• Open branches in different touristattraction areas.
The Compay is
engaged in touring
activities and any other
related business
activities which it may
find relevant to
enhance the above
mentioned purposes.
BACKGROUND
Summit Engineered Plastics plc has becomeunder the leadership of the Chief ExecutiveOfficer, MIDROC Ethiopia Technology Group,from March 2006. SEPCo is engaged inmanufacturing and selling of plastic packagingproducts.
The company is led by a Deputy GeneralManager directly reporting to the CEO. It hasone manufacturing operation and five serviceunits, all of which are led by qualified Managerswho are keen to their work.
SEPCo has provided job opportunities for 257permanent and 41 contract employees who workon three shifts to meet the market demand.
PRODUCTS AND SERVICESThe plastic products produced by skilled andexperienced employees complying with therequired standards are highly demanded in themarket.
a. Polypropylene Bag (PP bag)Polypropylene Bags (PP bag) producedwith holding capacity of 5 to 100 kgs and
Summit Engineered Plastics P.L.C.
“Positioned to serve customer needs with well-engineered plastic products”
P. O. Box: 62887, Addis Ababa, EthiopiaMain Office:Tel. +251-11-660-4877 / 4878
Fax: +251-11-660-4876E-mail: [email protected]
Website: www.midroc-ethiotechgroup.com
A member of MIDROC Ethiopia Technology Group
158 • Millennium Issue
color as perthe need of
the customerare used for
packaging ofSalt, Sugar,
Flour Productsand Cereals.
b. Hessian ClothHessian Cloth which is produced indifferent colors is used for sealing,wrapping of different products and rawmaterials; and for covering building underconstruction.
c. Poly SheetPoly Sheets which are produced with sizeof 40 - 200cm and thickness of 80 - 500gauge are used for wrapping and coveringdifferent products such as semi andfinished hides and skins, plastic bottledbeverages and horticulturalproducts.
d. Poly BagPoly Bagsused forpackagingof raw and
processed food products such as meat,poultry products, vegetables, cereals,spices, flour etc. are produced withholding capacity between 0.5 to 100kgand thickness of 80 - 500 gauges.
e. CratesCrates which can be produced in differentcolors and sizes are used for handling
different kinds of brewery bottles, breads,fruits etc.
CORPORATE CITIZENSHIPRESPONSIBILITYSEPCo has providejob opportunities for 257permanent and 41 contract employees who workon three shifts to meet the market demand.
Millennium Issue • 159
Trans Nation Airways P.L.C.
“VIP Treatment in all Air Transport Services”
MAIN OFFICE:P.O.Box 233 code 1110 Addis Ababa, Ethiopia
Fax:+251-11-372-9108e-mail: [email protected]
MARKETING:Tel:+251-11-320-6498/5658
E-mail: [email protected]: www.midroc-ethiotechgroup.com
A member of MIDROC Ethiopia Technology Group
BACKGROUND
Trans Nation Airways Plc (TNA) was establishedon May 6, 2003, and started operation in April2004, after receiving air Operator Certificate(AOC) from the Ethiopian Civil AviationAuthority and Business Operating Certificatefrom the Ministry of Trade and Industry and isled by a General Manager who directly reports tothe CEO.
TNA was initially established with under anoperating agreement and later under a dry leaseagreement of two Dash-8-200s and two AyresTurbo Thrush aircraft signed between TNA onone hand and MIDROC Ethiopia Pvt. Ltd. Co.and MIDROC Leasing Company Inc. on theother.
The Company provides the followingservices:
• Domestic and International Passenger Air Transport Services
• Domestic and International Cargo Air Transport Services
• Aerial Spray Services• Rescue and Search Transportation
Services• Medical Emergency and Evaluation
Transportation Services
PRESENT UNDERTAKINGSCurrently, TNA is undertaking local andinternational lease and charter operations. loc
Millennium Issue • 161
The two Dash-8s are wet leased to Trans Atticoin Sudan and Rwanda Air Express in Rwanda.From time to time, they are also deployed forcharter operation within domestic and to/fromforeign locations. The two Turbo Thrush aircraftare normally dry leased for locust control andagro-spray services. So far, they have operated inWest Africa and the Sudan.
The Turbo-Thrush aircraft are available toprovide spray service in the country and outside.
FUTURE PLANS
• Lease/Purchase cargo aircraft and enterinto the growing cargo market.
• Formulate plans and action itemsnecessary for the provision of scheduledair transport services in anticipation ofthe possible lifting of the seat limitations.
• Work towards the establishment of anaircraft maintenance workshop to serve as
a modest beginning and a stepping stonefor the establishment of futuremaintenance facility.
• Enter into joint venture operation withother airlines or organizations in airlineand travel related activities.
• Acquire helicopter for the Airline’sgeneral aviation activities.
• Lease or lease/purchase 19 to 30 seataircraft to cater for domestic charter andwhen possible also for scheduledoperation.
CORPORATE CITZENSHIPRESPONSIBILITY
Currently, TNA has 44 permanent employees.The company is actively involved in differentsocial activities. It is a member of different localHumanitarian and other Associations such asEthiopian Mental Health Society, Children’sHeart Fund of Ethiopia, and Green & CleanAddis Ababa Association.
MANPOWER
The airline is run by a highly qualifiedmanagement group possessing extensiveacademic and technical training and experienceranging up to 30 years in the field of commercialaviation, and also has highly qualified pilots,technicians, and cabin crew personnel who aretrained locally & internationally.
162 • Millennium Issue
Millennium Issue • 163
The pilots have over 10, 000 hours of Airlineflight experience and are of B-767-300, B-727and Dash-8-200 type ratings.
The Aircraft Technicians have many years ofAirline Maintenance experience and possess, likethat of the pilots, B-767/757, B-727, B-737 andDash-8-200 type ratings. They are capable ofaccomplishing tasks required by Ethiopian CivilAviation Authority Maintenance Program and
perform 100% line maintenance in the Dash-8-200 Aircraft.
The Cabin Crew are trained on the Dash-8-200aircraft emergency procedure and general cabinservice requirement. Invariably, all of them havework experience ranging between 5-8 years. Thehighly experienced cabin crew has been engagedin the training of cabin crew of other Airlines inAfrica, in addition to flight hostess duties.
BACKGROUND
Trust Protection & Personnel Services Plc was
established in November 2002, under the
leadership of the Office of the Chief Executive
Officer, MIDROC Ethiopia Technology Group.
TRUST is engaged in providing protection and
other professional personnel on contract basis;
rendering safety and fire equipment marketing
and services for interested organizations.
SCOPE OF SERVICES
TRUST is engaged in the following major
services:
Protection Services
• Executive Protection Services
• Consultancy
• Manned Guarding
• Escorting
• Training
TRUST Protection & Personnel Services P.L.C
“Recruiting & Providing Professionals andothers with
Reliable and Trustworthy Services and trainedto
deal with any assignments; as well as state-of-the-art
safety products & systems for use by ourcustomers”
Addis Ababa, Ethiopia
Millennium Issue • 165
166 • Millennium Issue
Safety Services
• Protective devices that provide the best in
personnel safety & security.
• Safety inspection, Training and follow up
of inspection provisions by Professionals.
Personnel Services
• Skilled and unskilled personnel services to
companies and individuals.
• Training Services.
What makes TRUST different from
Other Service Providers?
For comprehensive Protection and Personnel
services the following aspects are important:
• Reliability
TRUST is a member of MIDROC
Ethiopia Technology Group, organizesd
under the umbrella of the Chief
Executive Officer.
• Selection
Protection Personnel
TRUST maintains close contact with the
(concerned) relevant Government Authorities
regarding the screening and selection of potential
candidates to be trained as Protection Officers.
Selection criteria include:
• a minimum qualification of 12th grade,
ability to read, write & speak local
language and English,
• a proven employment record in the field,
medical fitness, professionalism, etc.
• All candidates are screened for criminal
records. TRUST hires employees on
contract basis to render services for local
customers.
Other Personnel Services
TRUST maintains record of skilled & semi-
skilled personnel in its human resources data-
bank and avails from same to MIDROC Ethiopia
Group Companies as well as other interested
Organizations. TRUST selects and assigns
personnel with good scholastic standing and
exemplary work record.
• Training Protection Personnel
All selected candidates are made to
undergo a rigorous course in Basic
Protection Duties and Procedures,
refresher programs and tests prior to
deployment to any client site. Fire
fighting, First Aid, Threat Handling,
Personal Hygiene and Discipline are some
of the topics included in the training.
• Other Personnel Services
In addition to the basic education and
experience that the contract employee
possesses, TRUST provides the employee
with relevant skill upgrading training and
Millennium Issue • 167
general orientation on the duties and
responsibilities of the job to which
assignment is given.
Other aspects that make TRUST different from
other service providers include:
• Supervision After Services
The Company is contractually bound to
adhere to a specific supervision to
maintain specific standards and quality of
service levels for the duration of the
contract period.
• Risk & Protection Surveys
The services will be based on a
comprehensive risk management, loss
control and protection survey, that will be
conducted at every post/point where the
customer requires a service to be
rendered. In this survey, all customers’
requirements will be addressed and
recommendations will be formulated.
• Three-shift System
TRUST mainly deploys Protection
Officers according to an accepted
Ethiopian Labor Law requirement of
3-shift system. The system allows for
continuity, ample rest, quality service,
retraining of personnel, and quality
family life for Protection Officers.
• Site Instructions
A comprehensive set of site instructions
(description of specific procedures) for
every post/deployment will be formulated
jointly with the customer. This will be a
working document available on each site
and it will be counter signed by the
Customer and TRUST.
• Site Administration
Every post/site will have a set of
administrative documents. This will
include site instructions, an occurrence
book, visitors log book, emergency
telephones, weekend log book, property
gate pass file, etc. These documents are
available on a 24-hour basis and can be
inspected by the customer at anytime.
• Control
All protection officers are subject to
proficiency test per contract. This
includes site procedure knowledge, threat
handling procedure and familiarity with
relevant current duty procedures and
directives. Others like kit inspection
discipline on duty, customer handling and
the officer’s honesty & integrity are
assessed regularly and reported to
customers.
• Customer Meeting
TRUST will conduct formal and
documented monthly/quarterly meetings
with the customer. These meetings will
address all aspects of the protection
services as required by both parties.
CORPORATE CITIZENSHIPRESPONSIBILITY
TRUST currently has twenty eight permanent
and one contract employees. Presently, TRUST
has deployed more than 2,260 contract
employees. These employees include protection
officers, office attendants, sanitary attendants,
vehicle operators, gardeners, clerks, porters, and
manual labor service providers who are
employed in different organizations including
embassies, banks, insurances, the MIDROC
Ethiopia Technology Group Companies, NGO’s
and other private and government offices.
The company is involved in different social
responsibility activities. It is a member of
different Business Associations such as Addis
Ababa Chamber of Commerce; and
Humanitarian and other Associations such as
Ethiopian Mental Health Society, Children’s
Heart Fund of Ethiopia, and Green & Clean
Addis Ababa Association.
FUTURE PLANS
TRUST has a plan to upgrade its quality and
expand its services all over the country.
168 • Millennium Issue
170 • Millennium Issue
BACKGROUND
WANZA Furnishings Industries P.l.c. (WANZA)
was established in July 2003, and is engaged in
manufacturing of wooden furniture used in
offices, homes and industries.
The Company is organized under the Office of
the Chief Executive Officer of MIDROC
Ethiopia Technology Group, and is led by a
General Manager, directly reporting to the CEO.
The company has three Operation Units;
namely, Manufacturing Operations, Jimma
Operations and Awassa Operations, and five
major Service Units, all of which are managed by
qualified managers who have rich experiences.
BUSINESS UNITS
The Company has production facilities at its
Addis Ababa Manufacturing Operations and at
Jimma and Awassa Operations with total land
holding area of 22,000m2, 60,000m2 and
65,000m2 respectively. It also has a modern
Showroom at its Main Office.
COMPANY’S PRODUCTS
• Building Materials
• Household Furniture
• Office Furniture
• Treated Wooden Poles
WANZA Furnishing Industries P.L.C.
“A name you can count on for all your home and Office Furnishings”
P.O.Box 3419 Addis ababa, EthiopiaE-mail: [email protected]
Tel:+251-11-151-7999/0463Fax:+251-11-150-4666
Telex: 21807
A member of MIDROC Ethiopia Technology Group
Millennium Issue • 171
Household (Fernecher)
Building Materials
Treated Wooden Poles
Office Furniture
172 • Millennium Issue
FUTURE PLANS
The Company focuses on products and market
development. Diversification strategies to
improve the existing products, expand its present
market and enter into a new market segment
with new products.
CORPORATE CITIZENSHIPRESPONSIBILITY
• The company’s operations are free from
air pollution. The sucking machine that
has been installed draws all dust materials
(waste) from the factory and protects the
environment from being polluted.
• WANZA currently has a total number of
327 employees of whom 288 are
permanent and 25 are contract
employees, the remaining 14 are
secondment employees from Trust
protection & Personnel Services PLC.
• The Company is also involved in different
social responsibility activities. It is a
member of different Business Associations
such as Addis Ababa Chamber of
Commerce; Humanitarian and other
Associations such as Ethiopian Mental
Health Society, Children’s Heart Fund of
Ethiopia, and Green & Clean Addis
Ababa Association.
AWARDS ANDRECOGNITIONS
• Certificate of Participation for the
company’s contribution in the
Construction of Outpatients Waiting Hall
for Zewditu Memorial Hospital in year
2004.
• Best Stand Award and Certificate of
Participation in the 9th Addis
International Trade Fair; Addis Ababa
Chamber of Commerce; in year 2004.
Millennium Issue • 173
As pointed out earlier, MIDROC Ethiopia, being amember of the MIDROC International Group,operating in Africa, the Middle East, Europe and theUnited States of America, serves as an interface link tothese Group of Companies.
All International MIDROC Group Companies havebeen established with the aim of fulfilling specifiedbusiness objectives set forth for each one of them, asoutlined here below.
MIDROC Middle East
The long-term objectives of MIDROC Middle EastGroup Companies are to profitably:
• invest in manufacturing and services for the oilindustry;
• maintain a high degree of activity in theconstruction and construction related industryand to use this expertise as a springboard forfurther development in the Middle East andAfrica;
• enter and expand in the services sector;
MIDROC Middle East is a major business operation,with principal business revolving around construction,steel fabrication for pipelines, transportation, travel,property, livestock importation and allied services.
MIDROC Scandinavia
MIDROC Scandinavia AB aims to be a developmentcompany focusing mainly on industrial serviceconstruction related operations and real estatemanagement.
The long-term objectives are aimed at:
• developing new opportunities and extendingexisting technological activities in theengineering and construction industrythroughout Europe,
• working closely with the Corral Group toimprove performance in refinery operations;
• acquiring, owning, developing and managingcommercial properties
The Group employs high level expertiseconcentrating in the areas of engineering,construction, industrial services and real estate.
MIDROC Africa
The principal motive of the MIDROC Group ofcompanies in this part of the continent is, SheikhMohammed Hussein Ali Al-Amoud’s developmentvision for Africa. This declared intention to moveforward and invest in Africa’s future, considers thedevelopment of natural resource-based industries asmost viable.
Accordingly, the long-term strategic objectives ofMIDROC Africa are to:
• invest in the natural resource industries inminerals, oil, gas and energy;
• invest in port facilities and their management;• invest in manufacturing services that enhance
the economic independence of the host countryand add value to existing resources;
• invest in hotel, leisure and tourism services;• invest in infrastructure development projects;• invest in air cargo services;• invest in telecommunication and related services;
MIDROC Africa, though not formed formally as yet,is currently engaged primarily in investments andexpansion of businesses in various African Countriesthrough MIDROC Ethiopia’s Head Office.
MIDROC Ethiopia is at present working onpossibilities of establishing sound business anddevelopment projects in Djibouti, Uganda, Tanzania,Kenya, Republic of Yemen, Democratic Republic ofCongo and other African countries.
Moroncha Holdings
The Moroncha Holdings is a Company, holding allthe international companies of Sheikh MohammedHussein Al-Amoudi operating in the hydrocarbonbusiness sector. The companies are specificallyinvolved in exploration, production, transportation,refining, distribution and sale of petroleum in theMiddle East, North Africa and Europe.
MIDROC INTERNATIONAL
Millennium Issue • 175
Background
Dashen Bank S.C is a privately
owned Commercial Bank engaged
in domestic and international
banking activities founded in
September, 1995 and consequently started
operation in January, 1996. The Bank started
operation with a paid-up capital of Birr 14.9
million and capital and reserve stood at Birr 386
million as at the end of June, 2006.
This leading private Bank in the market, has a
vision of “... Continuing to prove
unparalleled in banking service”.
As specified in its mission statement, it is
committed to “provide efficient and customer
focused domestic and international banking
services by overcoming the continuous challenges
for excellence through the application of
appropriate technology.” integrity and
accountability, customer satisfaction, sustainable
growth and stability and satisfied employees are
among the values cherished by Dashen Bank.
DASHEN BANK
DASHEN BANK has been awarded
as the “Best Bank
of the Year”Activities in service - giving area of the
P.O.Box: 12752, Addis Ababa, EthiopiaTel.No.:+251-11-4-661380/4-651645Fax No.: +251-11-4-653037SWIFT: DASHETAATelex: 21787E-mail: [email protected]: http//www.dashenbanksc.com
Our Banker and InsurerOur Banker and Insurer
176 • Millennium Issue
Forex Bureau
Operation
Dashen Bank currently operates with manpower
strength of 1,593 and network of 40 Area Banks
and 4 foreign exchange bureaus connected with
WAN (Wide Area Network). As additional self
service outlets, it has installed 10 ATM Machines
at different locations in Addis Ababa and
distributed over 200 point of sale (POS)
terminals to merchant sites. The Bank, as a
principal member of VISA, the promising move
of introducing payment card system in the
domestic market is recording sound progress.
Products and Services
The domestic services of the Bank include
acceptance of deposits, provision of loans and
advances, local fund transfers and issuance of
local guarantees. The international banking
services domain, among others, includes
facilitation of foreign trade (import and export
L/Cs) and international payments and provision
of foreign exchange, foreign transfers (incoming
and outgoing) and accepts and issues foreign
guarantee services. Dashen Bank is the only
private bank working as an agent of Western
Union Money transfer.
Dashen Bank is the pioneer and the only Bank
that has implemented full-fledged payment card
service in the country as a principal member of
Visa International. Subsequently, the Bank has
started issuing Visa Debit Cards and acquiring all
kinds of Visa Cards issued elsewhere by Visa
Member Banks worldwide, which will enable
Visa Card holders access their
accounts (24 hours a day and 7 days
a week) for withdrawal and payment
purposes from the Bank’s ATMs and
POS terminals. Cash advance
service on visa international and
domestic cards are also being
rendered at all area banks and Forex
Bureaus.
Accomplishment
Dashen Bank, in over a decade long
service in the sector, has won the
confidence of external viewers and
other institutions, and has received
various recognitions.
Dashen Bank has been awarded as
the “Best Bank of the Year” for
five times in six years. Locally, it was
also the winner of both the
“Outstanding Enterprise” and
the “Most Honorable Business
Leader Award” for the Bank and
the CEO respectively. Moreover, it is
listed among the top 100 Banks in
Africa by 2005 and 2006.
Automatic Teller Machines (ATM)
Millennium Issue • 177
P.O. Box 12753, Addis Ababa, EthiopiaTel.No.: +251-11-6-626667Fax No.: +251-11-6-626706E-mail: [email protected]: www.nyalainsurance.com
Background
Established in July 1995, Nyala
Insurance has become one of the top
privately owned insurance companies in
the country. During the last 12 years of
operation, the number of clients has
grown from 1,200 to 18,000. Nyala
Insurance SC is the first private
insurance company that started
operation at twelve service centers
nationwide which has now increased to
twenty centers with a substantial upsurge
in the amount of annual premium
growth from Birr 7.5 million to Birr 80
million despite deflation of premium due
to fierce competition in the industry.
During the last twelve years of existence,
“Care and Protection” commitment to
the society in general and to customers
in particular is getting positive
acknowledgement and impetus within
and beyond the Ethiopian boarder.
NYALA INSURANCE S.C.P.O. Box 12753, Addis Ababa, EthiopiaTel.No.: +251-11-6-626667Fax No.: +251-11-6-626706E-mail: [email protected]: www.nyalainsurance.com
Vision: “We Care and We Protect”Mission: Guarantee “Care and Protection” to ClientsLogo: Nyala Head represents Company’s “Caring” commitment and
The traditional Ethiopian Shield represents Company’s “Protection” CommitmentScript: In Amharic «πôHî{¨ RFzT»
In English “Your Seal of Protection”Motto: In Amharic zJØ¢Çè ôHî{è Reûv` ä´!!
In English “Your Protection is guaranteed”
Millennium Issue • 179
Nyala Insurance’s Head Office
Background
180 • Millennium Issue
Nyala Insurance SC started operation in generalinsurance, providing financial protection incausality and property portfolio namely, Motor,Fire and Lightning, Marine, Engineering, TheftLiability etc., subsequently adding its portfolio inAviation, Accident & Medical and Green House(Floriculture). Since a year, it has become acomposite company by adding Life Assurance inits total business envelope.
The Company has also extended its Care &Protection commitment to the EthiopianDiaspora living anywhere outside their homecountry. Nyala Insurance has now availed theopportunity to the Diasporas to buy Property,Accident, Medical as well as Life Insurance fortheir family members and their other belovedones residing in Ethiopia using the online servicevia:www.nyalainsurance.com
Nyala Insurance has provided job opportunitiesfor 196 employees and has a paid-up capital ofBirr 35 million. It has paid Birr 55.23 million intax to government and a dividend of Birr 50.84million during the period 1995 – 2006.
Nyala Insurance has been offering, Non-Life andLife standard and tailor made protection coversfor its esteemed customers and commit itself todevelop new products that would exceedcustomers expectation.
Major products, among others, are as follows:
Non-Life InsuranceAll Risk InsuranceAviation InsuranceBonds
Bid BondPerformance BondAdvance Payment BondCustoms Bond
Burglary & House Breaking InsuranceConsequential Loss InsuranceEngineering Insurance
Contractors All Risk (CAR)Erection All Risk (EAR)Contractors’ Plant and Machinery (CPM)Boiler & Pressure
Fidelity Guarantee InsuranceFire & Lightning InsuranceGreen House (Horticulture) InsuranceMarine Insurance
Nyala Insurance motivating women drivers in connection with March 8 Women’s DayAnnual Celebration.
Millennium Issue • 181
Motor Insurance
Plate Glass Insurance
Personal and Group Personal Accident (GPA)
with/without medical extension Insurance
Professional Indemnity Insurance
Public Liability Insurance
Travel Insurance
Any other tailor made Insurance
Life InsuranceIndividual Life Assurance
Term AssuranceEndowment with/without profitWhole life with/without profitMoney BackGroup Term AssuranceIndividual AnnuityMedical Insurance for Individualand Group.
NyalaInsurance,well known foritshumanitariansupport as part
KYP “Know Your Policy”:
All NISCO’s existing and potential customers
are requested to view a “15-minute Know
Your Policy” video to acquaint themselves
with the highlights of major products prior
policy purchase and thereby creating
transparent partnership at the outset.
CAS “Customer Advisory Service”:
NISCO’s Engineers and Surveyors, make site
visits and provide free risk management advice
to corporate and individual customers existing
and/or potential.
IAS “Insurance Awareness Session”:
A one hour daily free session with frontline staff
on basic principles and practice of insurance at
all service centers for individual corporation
and students.
CFA “Call For Assistant”:
NISCO issues call for assistant tags to all motor
policy holders to be placed at a visible place
inside their vehicles. In case of accidents, the
driver or others may use the information on the
tag and call the nearest Service Center on office
hours from Monday to Saturday 0116 62 66 67
or 0116 18 00 00 outside office hours including
public holydays and weekends.
“NISCO –net”:
Services are provided to clients wishing to
insure their protection needs and/or their
families from any where in Ethiopia and/or
abroad at any one of the Service centers of
their choice and/or through its Website:
ww.nyalainsurance.com thereby acquiring
“Care and Protection” for their nationwide
needs from wherever they are.
“Staff Responsiveness”:
NISCO and its customers are partners in
service requiring routine and daily
enhancement accordingly,. Answer your
telephone calls within 4 rings and let you know
the name of the person you are talking to.
Get back to you on any query unanswered
there & then, within 24 working hours.
Be honest and open to you in all dealings,
whatever it may cost.
“Care & Protect”:
Care & Protect is NISCO’s daily menu and the
commitment ‘Your protection is Guaranteed’
and reconfirmed immediately after the policy
cover is prepared, signed, affixed and issued
with ‘YOUR SEAL OF PROTECTION’
stamp.
“Service Must Equate Promise”:
Please do let us know if what we promised to
you are not delivered to your satisfaction. Your
comment is the only key to open our heart and
mind and to work for utmost satisfaction of
those we serve nationwide. Please refer to our
official communication flow chart posted at
each service center. You can also call at
+251 116 626 708/07, or write to the
Managing Director P.O.Box 12753 Addis
Ababa, Ethiopia; or email him at
[email protected] or confidentially at
Millennium Issue • 183
Head OfficeP.O.Box 24400 code 1000Tel: +251-11-5-538888Fax: +251-11-5-539595E-mail: [email protected] Ababa, Ethiopia
Sheraton BranchTel: +251-11-5-173697 / 5-171717 ext. 1672Fax: +251-11-5-539595E-mail: [email protected] Ababa, Ethiopia
Member of the MIDROC Ethiopia Group