Addis Ababa, January 13, 2025 (EABC): The House of Peoples’ Representatives has announced that the Ethiopian Agricultural Businesses Corporation is a key institution for accelerating agricultural transformation.
This was stated by the FDRE House of Peoples’ Representatives State Owned Enterprises Affairs Standing Committee during a field inspection and discussion conducted on January 12, 2025, at the Corporation’s head office, as well as at the Adama branch’s agricultural input and incense warehouses.
During the discussion, the Standing Committee noted that the Corporation, as a crucial institution for ensuring agricultural transformation and prosperity, has been given strong attention by the government.
The Committee emphasized that the Corporation’s management and employees must work with strong commitment to successfully implement the national mandate entrusted to it.
The Chairperson of the Standing Committee, Ato Melese Mena, stated that the Corporation’s new management has quickly understood the overall condition of the institution and is making commendable efforts to ensure that it remains competitive, productive and profitable in the market.
He also noted that the Standing Committee will provide the necessary support in this regard.
Furthermore, the Chairperson pointed out that the Corporation needs to establish a research based and technology supported procurement and sales system.
He added that fulfilling the mission of modernizing the sector by supplying agricultural inputs to users on time and with assured quality is essential.
On the other hand, he strongly emphasized the importance of preventing corruption and malpractice and ensuring good governance.
The Deputy Chairperson of the Standing Committee, Sileshi Kore (Dr. Engineer), for his part, praised the efforts of the Corporation’s new management in bringing positive change to the institution.
He stressed that working closely with employees and adopting modern management practices are crucial for achieving better results.
Meanwhile, the Corporation’s Chief Executive Officer, Mrs. Yeshiembet Negash, presented a five month performance report for the 2018 Ethiopian fiscal year to the Standing Committee.
In her presentation, she pointed out challenges encountered and issues requiring attention.
She also explained that the Corporation has long standing experience in the agricultural sector, owns significant assets and is a large institution with strong potential to expand and grow in various agricultural fields.
Prior to the field inspection of the agricultural input and incense warehouses at the Adama branch, the Standing Committee held discussions on various issues with employees from different departments at the Corporation’s head office.
Finally, the Corporation’s Chief Executive Officer and Deputy Chief Executive Officers addressed questions and comments raised by members of the Standing Committee.
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Modernizing Agriculture Is Our Goal!
