Enterprise Falls Short in Debt Collection

Feb 9 , 2019

The Ethiopian Industrial Inputs Development Enterprise, which was established four years ago to supply material for industries, failed to collect 80pc of its outstanding revenues from its customers. In the first half of the current fiscal year, the Enterprise can only manage to collect 66 million Br out of the 325 million Br in receivables from the material it supplied to companies. While supplying material, the Enterprise gives a six-month grace period for its clients to pay back what they owe, bur most of the companies failed to settle their amount due on time. Due to its uncollected receivables, the Enterprise has filed complaints against buyers in the courts, according to Endale Habtamu, CEO of the Enterprise.



A painting depicts traditional farming equipment at the Science Museum around the Arat Kilo area. Since the seizing of power by the current administration, large-scale architectural projects marked by grandeur have proliferated across the capital. The satellite city being built in the Yeka mountains, which is set to cost around 600 billion Br, according to the Prime Minister, is one such project yet to see the light of day. Some estimates put the plot size for the project at around 503hct despit...



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