Fortune News | Feb 15,2020
March 16 , 2019
By KALIKIDAN HAILU ( FORTUNE STAFF WRITER )
Two sectoral associations in the construction industry have joined hands to avoid redundancy, increase their influence and accomplish a better utilisation of resources.
The Construction Contractors Association of Ethiopia (CCAE ) and the Association of Ethiopian Class One Contractors' (AECOC) merged last week. The merger was approved during the general assembly of the two associations held at Capital Hotel, on Haile G. Silassie Avenue. The merger raised the number of member contractors of the new association to 1,780.
During the general assembly of the two associations, members voted on the merger, and elected a new board of directors comprised of nine members. Seven of the board members are from the CCAE, while two are from the AECOC. They also elected a president and a vice president of the association.
The merger idea materialised to avoid redundancy, according to Tewodros Zewde, head of the office of the new association.
"We face the same challenges in the industry that need to be addressed," said Tewodros. “It seemed like a good idea to join forces to address them."
Established in 1991 the CCAE had 1,725 registered members who fall under different grades, while the AECC was formed in 2006 with 13 members but had 55 at the time of the merger.
During the formation of the AECOC, the members did not want to merge with the CCAE, according to Mulugeta Gesese, board secretariat of the new association and past head of the office of the AECOC.
"The founding members believed that CCAE couldn't serve their interest," said Mulugeta. "But as the problem in the construction industry gets bigger, we decided for the merger."
The construction industry contributed 19.3pc of the national GDP in the past fiscal year. It also consumes the largest share of the government budget in the last fiscal year, accounting for 50 billion Br, a sixth of the total budget.
The next step will be merging with other associations in the construction industry, according to Mulugeta.
The Ethiopian Electromechanical Contractors and the Ethiopian Water Related Works Construction Contractors associations are among the other associations in the construction industry.
The four associations signed a memorandum of understanding last year for a coalition.
"We've started the process of the merger," said Mulugeta.
The AECOC has made the right decision in the merger, according to Abebe Dinku (Prof.), a civil engineer and expert in the construction industry.
"As their number was very few" , "it was hard to fulfill their interests under the former association, said Abebe."
PUBLISHED ON
Mar 16,2019 [ VOL
19 , NO
985]
Fortune News | Feb 15,2020
Commentaries | Jun 27,2020
Radar | Aug 31,2019
Fortune News | Mar 28,2020
Fortune News | Jun 20,2020
Radar | Nov 16,2019
Fortune News | Feb 01,2020
Radar | Aug 31,2019
Radar | Dec 14,2019
Radar | Jan 18,2020
October 17 , 2020 . By MAYA MISIKIR
Kemise Wereda suddenly grew dark in the middle of the day last month. The sun could barely be seen anymore. On most other years, this would...
October 10 , 2020
Lawmakers from the House of Federation and parliament sat feet apart from one another, gathering not in t...
October 3 , 2020
Over a pond not far from Mesqel Square, participants eagerly awaiting the annual festival of Irrecha gathered along the banks in white tradi...
October 3 , 2020
Mere days after the first case of the Novel Coronavirus (COVID-19) was reported in Ethiopia, schools acro...
October 24 , 2020
Officials at the National Bank of Ethiopia (NBE) often like to remain on the fence wh...
October 16 , 2020
The massive infestation of desert locusts that farmers in Ethiopia are faced with is...
October 10 , 2020
Lawmakers from the House of Federation and parliament sat feet apart from one another...
October 3 , 2020
Mere days after the first case of the Novel Coronavirus (COVID-19) was reported in Et...
