Metals & Engineering Corporation (MetEC) lost nearly 1.7 billion Br through outdated pre-paid orders. The Corporation planned to supply nine billion Birr worth of raw materials, aiming to get a profit of nearly 2.3 billion Br in the past fiscal year. Apart from the outdated orders, the reason for the loss is that not all of our industries became operational in time, according to Ahmed Hamza (B. Gen), director-general at the Corporation. “We’re working 24 hours [a day] to make the industries productive,” said Ahmed. “The Corporation plans to make a profit of half a billion Birr this year by restructuring the management and exporting products to the foreign market.”
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
