FORTUNE+ VIDEO SPONSORED CONTENTS FORTUNE AUDIO TRADE AFRICA new

Fortune Logo


MIDROC's Longest-Serving CEO Tenders Resignation

Arega Yirdaw (PhD), the longest-serving CEO of MIDROC Technology Group.

MIDROC's Longest-Serving CEO Tenders Resignation

Arega Yirdaw (PhD), the longest-serving CEO of MIDROC Technology Group, tendered his resignation late last week on April 25, 2020. The CEO, in his letter to Mohammed Hussien Ali Al-Amoudi (Shiekh), the founder and chairperson of MIDROC Technology Group, said that efforts to undermine the management’s dignity and authority taken by self-appointed individuals are the cause of his resignation. He also mentioned that the indirect interference from Huda Real Estate, MIDROC Gold Mine and ELFORA Agro-Industries is part of the reason he has resigned. Arega has been overseeing 26 companies under the umbrella of MIDROC for the past 22 years since his return from the United States. MIDROC Technology Group and MIDROC Ethiopia Investment Group are operating in a wide variety of sectors, including agriculture and agro-industry, construction, hospitality and tourism, manufacturing, mining, oil and gas distribution, real estate development, transport (including air transport), trade and commerce, health care, education and training. MIDROC Ethiopia Technology Group is a subsidiary of MIDROC Ethiopia, a member of the MIDROC Group Companies operating in Africa, Europe and the Middle East.

Radar

BRIDG-EATERIA

They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...

Read more >>

Radar

WALKWAY DISPLAY

Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...

Read more >>

Radar

TRAILER HOMES

Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...

Read more >>