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

WET MIRAGES

A booming plastic container market around the Saris area bustles with shoppers inspecting the selections. Water supply shortages have plagued the capital as an expanding population size's demand is unmet by the drops moving through the pipes. The Addis Abeba Water & Sewage Authority relies heavily on underground wells and surface water from the Legedadi, Dire and Gefersa dams. With the Authority digging 28 wells to meet the demand shortage, several parts receive water through the taps three...


Radar

LEANING LOSSES

A telephone pole gently rests aside DebreZeit road, tucked into the city's ageing infrastructure. Ethiopia's infrastructure has been under rising assault by robbers who mimic maintenance workers appointed by the state. The ones pared from theft are constantly a victim of subdued synergy between government bureaus. The International Journal of Scientific & Technology Research published a study in 2020 indicating that lack of coordination between agencies was a significant factor in delays, co...


Radar

FESTIVE MEDLEYS

Traditional holiday hymns are sung by a group of men dressed in cultural outfits with decorations made from a horse's mane around the Bole area. The early weeks of September bring with them a panoply of festivities. A soft holiday spirit glistens the streets of Addis Abeba, while roaring hordes of shoppers grappling with inflation rates near 30pc do not grace marketplaces like they used to. The tight clampdown on access to foreign currency by the Ministry of Finance which banned the import of 3...


Back
WhatsApp
Telegram
Email