TIRET Special Millennium Issue (September, 2007)

Millennium Issue • 1

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I t is a pleasure to see that all our combined efforts have at last produced fruitsand succeeded in making the publication of this special issue of TIRETa reality. This edition is different from previous publications. It is different, not

because of its size, coverage, contents or context; but it is special in that it ispublished at the dawn of the New Ethiopian Millennium, which is an occasion ofgreat historical significance that takes place only once in thousand years.

The profile on Sheikh Mohammed Hussein Ali Al-Amoudi constitutes a majorcomponent contained in this special issue of TIRET and contains his noble andgrand objectives to support his motherland - Ethiopia, achieve economicdevelopment and social advancement.

Sheikh Mohammed Hussein Ali Al-Amoudi has massive investments on a globalscale and is blessed with huge amount of wealth, making him one of the tophundred richest people in the world. Despite his enormous wealth, prestige andfame, he remains a simple and humble person, who always remembers his rootsand who shows great concern to his fellow human beings at all times. This ismanifested by his generous actions and support, he provides to those in dire needand in difficult circumstances.

The greatest satisfaction that Sheikh Mohammed H. Al-Amoudi gets is, from hisefforts to help Ethiopia develop in both the social and economic fields and tounshackle herself from the grips of abject poverty and underdevelopment. Hisvision is to see a poverty-free, stable, and prosperous Ethiopia, with her head highand deserving respect as a member of the world community.

Much as Sheikh Mohammed H. Al-Amoudi shuns the media and personal publicity,we have taken the liberty to write about him, his major achievements and activitiesbeing carried out by his Investment Group.

This special issue of TIRET contains summary profiles of all Members of MIDROCEthiopia Investment Group and Affiliate Companies, providing brief information ontheir formation, business purpose, capital employed, employment generated,present status and their contribution to the Ethiopian economy.

The special issue of TIRET is also a record of the invaluable legacy bequeathedfrom the past, and a welcoming bouquet of flowers to the 'New EthiopianMillennium', that will usher hope and faith in our future plans, and presentschallenges for desired transformation of rapid growth and prosperity to ourcountry and its people.

It is our sincere hope that the 'New Ethiopian Millennium' will be time of peace,economic development and social transformation for the betterment of the lives andwell-being of all the citizens of our country.

The Editor-in-Chief wishes all readers of TIRET, MIDROC Ethiopia Group andAffiliate Companies and their business associates the "Best of Luck and a HappyNew Ethiopian Millennium."

Yeshimebet DemissieEditor-in-Chief

2 • Millennium Issue

FORWARD

THE COMMITTED DEVELOPER

• Preamble

• Sheikh Mohammed’s involvement in the

Ethiopian economy

• The Investment Group

• Mission Statement

• Strategic Objectives

Synopsis of MIDROC Ethiopia’s

Engagement in the Economic Sector

• Investment in Hotel & Tourism

• Investment in Agriculture & Agro Industry

• Investment in the Construction Sector

• Investment in Mining & Oil Gas

Distribution

• Investment in Manufacturing Sector

• Investment in Health Care Services

• Investment in Trading & Commercial

Services

• Investment in Human Resources

Development

• Investment in Research & Development

Corporate Citizenship Responsibility &

Philanthropy

• Major Philanthropic Contributions

• Awards & Recognitions

• Good Governance

ContentsTIRET SPECIALMillennium Issue

EDITOR-IN-CHIEFYeshimebet Demissie

DEPUTY EDITOR-IN-CHIEFAselefech Getachew

SECRETARIAL SERVICEYemesserach Bezabeh

ZenashTadesse

PHOTOGRAPHYTadesse Demissie

Biruk HailuTewodros Abera

Degife Tekle

PUBLISHED BYThe Public Relations Department of

MIDROC Ethiopia P.O. Box 8677, Addis Ababa, Ethiopia

Tel. 251 11 371 1277 Fax: 251 11 371 2990

E-mail: [email protected]

DESIGN & PAGE LAYOUTRoots Africa Digital Design

PRINTED BYRoots Africa Digital Design

P.O.Box 6631, Addis Ababa, Ethiopia Tel.251 11 515 19 41

251 11 655 7709Fax: 251 11 515 19 41

COPYRIGHT 2007MIDROC Ethiopia

All rights reserved. Reproduction in partand/or whole is allowed only with the written authorization of the publisher.

MIDROCMohammed International DevelopmentResearch & Organisation Companies.


MIDROC ETHIOPIA

INVESTMENT GROUP

Company Profiles in Sectors

• Sheraton Addis

• Ethio Agri Ceft Plc

• Ethio Leather Industry Plc

• MIDROC Construction Ethiopia Plc

• MIDROC Energy House

Electro Mechanical Services Plc

• MIDROC Foundation Specialist Plc

• National Mining Corporation

• National Oil Ethiopia (NOC)

• Kebire Enterprises Plc

• MOHA Soft Drinks Industry S.C.

• MAMCO Plc Paper Products Factory

• Star Soap & Detergent Industry Plc

• Pharmacure Plc

• SalaM Health Care Plc

MIDROC ETHIOPIA

AFFILIATE COMPANIES

• CABEY Plc

• East-West Ethio Transport Plc

• Equatorial Business Group Plc (EBG)

• National Motors Corporation

PROJECTS UNDER IMPLEMENTATION

• Awassa Chipwood Project

• Derba 5000 TPD Cement Plant Project

• Hora Food Complex Project

• Hotel Projects

• Meti (MIDROC Education & Training

Institute) Project

• Unlimited Packaging Project

MIDROC ETHIOPIA

TECHNOLOGY GROUP

• Chief Executive Office

• Addis Gas and Plastic Factory Plc

• addis HOME DEPOT Plc

• Blue Nile PP & Craft Paper Bags

Manufacturing Plc

• Daylight Engineering Plc

• ELFORA Agro-Industries Plc

• Huda Real Estate Plc

• Kombolcha Steel Products Industry Plc

• MIDROC Gold Mine Plc

• Modern Building Industry Plc

• Rainbow Exclucive Car Rental

and Tour Services Plc

• Summit Engineered Plastics Plc

• Trans Nations Airways Plc

• TRUST Protection &

Personnel Services Plc

• Wanza Furnishings Industries Plc

Our BANKERS and INSURERS

• Dashen Bank

• Nyala Insurance S.C.

MIDROC INTERNATIONAL


Preamble

As we stand at the gateway of the new EthiopianMillennium, it would only be appropriate to lookback at the highlights of the achievements, thestatus quo, the plans and aspirations that lieahead of MIDROC Ethiopia Group and itsAffiliates.

This generation is fortunate to be able tocelebrate the Ethiopian Millennium, which takesplace only once in a thousand years; and thisspecial occasion is an opportune moment for usto rewind our memories of the recent past, toexamine and evaluate ventures undertaken forthe realization of the socio-economicdevelopment of the country. We can also pauseand have an insight into what is going on insideMIDROC Ethiopia and its Group Companies atpresent, to publicize future plans, and to chartout direction for the Group’s involvement in thenational strategy to realize accelerateddevelopment.

It would also be appropriate to renew thecommitments of MIDROC Ethiopia realizingthe mission statements as enshrined in thedocument of its establishment. The Company,being the brainchild of Sheikh MohammedHussein Ali Al-Amoudi, the achievements madeso far are primarily the causes of pride of theFounder, his Investment Group and the tens ofthousands of men and women employed by theGroup Companies.

Sheikh Mohammed H. Al-Amoudi’s personalityand his qualities of guidance are engrained in theessence of MIDROC Ethiopia InvestmentGroup, which he has closely nurtured andbrought up to the level where they are today.The future depends very much on the unfalteringdedication, aspiration and dream of SheikhMohammed “to see his country develop andhis people prosper”. There is no inquest; hedeserves full dedication and commitment on thepart of all members of the family of theMIDROC Ethiopia Investment Group, to givehim full support, so that his plans are fulfilled andhis efforts to promote growth and development inthe country, are rewarded.

MIDROC Ethiopia Group Companies, beingthe frontline private investors in the country, bothin terms of multiplicity and financial layout, theachievements are large evidences which reflectthe true picture of the economic development ofEthiopia. Sheikh Mohammed H. Al-Amoudi hasto-date made investments in almost all sectors ofthe economy, to the tune of over USD TwoBillion in ventures that created direct jobopportunities to over forty thousand people ofwhich twenty five thousand are permanentworkers. The Investment Group Companies havebuilt names of the highest order among privatecompanies in the country and are expected toplay even more prominent roles in shaping up thefuture socio-economic development of Ethiopia.

* MIDROC Ethiopia Investment Group Companies are those establishments owned by SheikhMohammed Hussein Ali Al-Amoudi, Chairman of MIDROC Ethiopia, whereas “Affiliate” isthe term used to indicate those companies whose investments are made by the close relatives(family) of the Chairman.

The Committed DeveloperThis Profile attempts to provide some highlights on the establishment ofMIDROC Ethiopia Investment Group and Affiliate Companies * and theMan behind all these grand initiatives.

Sheikh Mohammed’sinvolvement in the EthiopianEconomySheikh Mohammed H. Al-Amoudi appeared inthe economic scene of his motherland, with amere intention of contributing his share ofresponsibility for the development of his country,disposing his kind hearted intervention at a timewhen Ethiopia was in an exuberant need ofsupport from her children. He did not wait forthe creation of an “enabling environment”,which all private foreign investors expect toprevail in a country before moving in. He had torespond to the call of his Motherland – Ethiopiaas immediately as the circumstances thendemanded.

As a son in need, he decided to do everythingwithin his capacity to contribute to therevitalization and development effort throughinvestment in all sectors of the country’seconomy.

All these investments have always been financedfrom his own foreign exchange resources he hadgained from his other businesses abroad –meaning his investments have all been foreigndirect investments, FDI - and he does this out ofhis true love to his country and its people. At thispoint it will only be proper and timely to quotethe remarks he made a few years ago:

“Ethiopia means so much to me that

even my friends wonder about my

investment decisions in the country.

When I invest in Ethiopia, my

decisions to invest are based on what I

feel in my heart for my motherland.

All my other investment decisions in

the rest of the world are based on

calculated risks and benefits.

….Ethiopia is our soul and the essence

of our existence. We should not expect

others to transform our motherland

into a developed and a prosperous

country. It is our national duty and

solemn responsibility, to fully

commit ourselves to develop Ethiopia

and free our countrymen from the

shackles of abject poverty and under-

development.”

Cognizant of the increasing volume of hisinvestment in Ethiopia, he decided to establish aCorporate Office – MIDROC Ethiopia, in mid1990’s, entrusted with the tasks of solicitinginvestments and directing and coordinatingactivities of investment projects he makes in thecountry.

The Investment Group

MIDROC Ethiopia is a member of MIDROCInternational Group, owned by SheikhMohammed H. Al-Amoudi, which is aninternational business conglomerate operating inAfrica, Europe, the Middle East and the UnitedStates of America, involving in large scale ofconstruction, industrial development, trainingand research activities. The driving force ofestablishing MIDROC Ethiopia by SheikhMohammed H. Al-Amoudi, was nothing, but theeverlasting love and passion for his country, andhis ultimate goal to improve the living standardsof his fellow countrymen and women.

At the time of the establishment of theInvestment Group, Ethiopia was still in its earlyrecovery stage, and the Government wasformulating policies and trying to createconducive atmosphere to encourage local andforeign private investment. No private companyhad come afore to invest so much capital as thegeneral climate for private investment, that time,was still obscure. MIDROC Ethiopia is not onlythe pioneer private investor but also the leadingcompany engaged in multifaceted investmentundertakings that have proven to makesignificant contribution in the development ofthe country’s economy since its establishment.

MIDROC Ethiopia’s Investment Group today


has thirty legally established companies operatingin hotel & tourism, agriculture and agro-industry,construction and mining, manufacturing,healthcare, trade and commerce, education andtraining, air transport and real estate businesses. Mission Statement

It is the mission of the Investment Group ingeneral and all Individual Group Companies inparticular, to contribute to the development ofthe national economy and that of building thenecessary capacity and capability needed to carryout MIDROC Ethiopia’s objectives ofdevelopment and growth and the provision ofhigh quality products and services to both localand export markets competitively, guided bypolicies and priorities set forth by theGovernment, in the spirit of its Motto -“Committed to Development”, and on thebasis of the following strategies.

Strategic Objectives:

The long-term direction of MIDROC EthiopiaInvestment Group’s engagement in the country’sdevelopment include, among others, thefollowing:-

• to invest in the agricultural and agro-industrial sector with emphasis to furtherdevelop the sector and enhance itsefficiency and its export earning capacity,

• to invest in, develop and expand themanufacturing and service industries thatenhance the economic competitiveness ofEthiopia, and add value to existingresources,

• to undertake projects and invest in thedevelopment of the basic infrastructure inEthiopia, like in the health services,education & training, transport, etc.

• to invest in the development of thetourism industry in Ethiopia in particularand out reaching the potentials in the sub-region in general,

• to invest and actively participate in thedevelopment and the rational utilizationof Ethiopia’s natural resources,

• to construct, buy, lease, sell and administerbuildings, apartments, villas and othertypes of houses for offices, residences,shops, business centers and for the use ofother similar services.


MIDROC Ethiopia Head Office at Mekanissa

These strategic objectives are implementedthrough independent primary operatingcompanies that constitute the MIDROCEthiopia Group companies referred to hereinabove. The operating companies retain anddevelop their own identities and business ideasbut shall work, cooperate and support each otherto harmonize their long term goals through jointefforts with individual strategic goals to competeeffectively and in the interest of theirstakeholders.

The huge employment opportunity created bythe MIDROC Ethiopia Investment GroupCompanies for tens of thousands of Ethiopians,is among the highly regarded implications ofSheikh Mohammed’s investments and economicintervention in the country.

Synopsis of MIDROC Ethiopia’sEngagement in the EconomicSector

Ethiopia has over 66 million hectares of arableland and an annual overflow of over 111 billioncubic meters of water from which irrigatedagriculture, fishery and hydropower can bereasonably tapped. The country is also endowedwith immense livestock resources. Ethiopia is richnot only in natural resources but also in man-made historical, cultural and traditional pricelesstreasures. The extreme contrasts of Ethiopia’sendowment in her ecosystem, climate, andendemic wildlife, birds as well as unique andcontrasting geological but captivating landscapesare some of the untold features of the country.These natural and rich archeological heritagesare also potential resources for the sustainablegrowth of tourism industry in the country.

The ingenuity of Sheikh Mohammed H.Al-Amoudi has been demonstrated time andagain, in his unfaltering commitment to invest instrategic projects, that would sustainably put toeconomic use and process the country’s natural

and human resources for the nation’s good.

The following brief would indicate SheikhMohammed H. Al-Amoudi’s dedication andpurposefulness of the decisions he makes todevelop the economy and improve the livingstandards of the people of Ethiopia.

i. Investment in Hotel & Tourism Sector

The construction of the multi-million birr,5-Star Hotel, the Sheraton Addis, was an

Sheikh Mohammed H. Al-Amoudi, at theInaugural Ceremony of the Sheraton

A partial view of guests at the InauguralCeremony


eye opener achievement in the field ofarchitectural and engineering talent and abreakthrough in the opening up of thecountry’s wealth for the tourism industry.

The decision to go ahead for the

construction of the Sheraton Addis

demonstrated the emphasis Sheikh

Mohammed has put on fulfilling the

prerequisites for the development of

tourism in Ethiopia. With this objective,

Sheikh Mohammed has fully supported

the development of hotel and resort

facilities at Debre Zeit and Araba Minch

towns in the south and also finalized the

incorporation of a new 5-Star Hotel

complex on Lake Tana, at Bahir Dar in

the north. He has also given due

consideration to the establishment of

Travel and Touring Services embracing

chartered air travel, cargo transport and

transit handling services capable of

rendering a full package service to the

international traveller.

His deep-rooted wishes and deter-

mination for continued development of

the country has been explicitly expressed

in his own words in March, 1998, at the

inaugural ceremony of the Sheraton

Addis... “I would love to see, if

possible, new industries being

built monthly by my Investment

Group.”

The idea of introducing the five-star hotel,

Sheraton Addis, was a breakthrough in the

area of high level conference and tourism.

It has enhanced Addis Ababa’s status as

Africa’s political capital, which is a venue

for the Heads of States, who regularly

convene to shape the future of Africa.

This vital point was conveyed to Heads of

State and Prominent International

Businessmen who attended the Intern-

ational Conference - The Addis Forum:

Trade and Investment in Africa under the

theme “Attracting Global Capital to

Africa” and aimed at drawing attention

to the economic potentials and investment

opportunities in Africa. The Addis

Forum that discussed several topics on

promoting and creating new partnership

was held at the Sheraton Addis during

Unveiling of the flag

Shiekh Mohammed H. Al-Amoudi withthe Sheraton Addis General Manager,


March 8-9, 1998. Sheikh Mohammed H.

Al-Amoudi was the major sponsor of the

Forum. This was an opportune moment

for Sheikh Mohammed H. Al-Amoudi to

promote Ethiopia for global investment.

His decision to develop the country’s

natural and human potentials is

noteworthy. The timely relevance of esta-

blishing MIDROC Ethiopia Investment

Group and engaging well with over thirty

different companies in almost all the

sectors of the country’s economy cannot

be over-emphasized in the light of their

ability to invigorate development and

growth, and that of their capacity to

generate and/or save foreign exchange - a

scarce commodity in the country.

ii. Investment in Agriculture and Agro-Industry

Determined to contribute to theagricultural development efforts of thecountry, Sheikh Mohammed H.Al-Amoudi invested well in thedevelopment of agriculture that consists oflarge scale conservation based plantations,processing and marketing of high valuecrops, especially coffee, tea, flowers andcereal crops. Due emphasis is also given tothe livestock sector.

Ethio Agri-CEFT Plc. is one of MIDROCEthiopia Group Companies that exportsbest quality of Ethiopian highland coffeeand tea, Gemadro Coffee being honoredrecently with a special Award by Starbucksfor the newest Ethiopian Coffee. Theexport of flowers and other horticulturalcrops, aimed at drawing attention to theeconomic potential and investmentopportunities in Ethiopia is also picking up.


Sheikh Mohammed H. Al-Amoudi withAddis Forum Participants at the

Sheikh Mohammed’s striking ability to

organizehis business and set priorities is

ingenious.

Another member of the MIDROCTechnology Group Companies, ELFORAAgro-Industries Plc, has also gainedreputation in being among the country’sleading exporters of steers and processedand fresh chilled meat industries, securinghigh demand and large markets in theMiddle East. Its products are also verypopular in the local market, particularlyduring holidays.

In addition to exporting livestock, themanufacturing of leather products is alsogaining momentum. After organizing thethree leather and leather processing &leather goods factories acquired from thePrivatization Authority, under the newlyformed company Ethio Leather IndustryPlc. (ELICO), Sheikh Mohammed H. Al-Amoudi launched a robust business wingin the manufacturing of leather garmentsand gloving leather for the internationalmarket.

iii. Investment in the Construction Sector

The establishment of MIDROCConstruction Plc., Grade I GeneralContractor Company by SheikhMohammed H. Al-Amoudi was also abreakthrough in the laying of thefoundations for industrial developmentand the construction of complex buildingsand road systems, and that of the creationof employment opportunities forthousands of Ethiopians, apart from itscontribution in the transfer of newtechnology in this highly competitive field.

MIDROC Construction Plc. is wellequipped with the state-of-the-artmachinery and equipment and receivestechnical support from MIDROCFoundation Specialist Plc and MIDROC

Energy House Electro MechanicalService Plc, both Grade I SpecializedService Providers, as and when required,to enhance synergy and to remaincompetitive in the market. It is capable ofproviding unparalleled quality of servicesand is among the leading large privateconstruction companies at present in thecountry.

MIDROC Construction Plc. hassuccessfully completed a number of majorconstruction works in the various parts ofthe country, most of which are massiveand complex structures. The impressiveand functional edifice of the AfricanUnion Conference Center, the high risingNani complex, the Federal PoliceHeadquarters and the Bole InternationalAirport Cargo Terminal are among themany construction works it hassuccessfully undertaken.


Sheikh Mohammed H. Al-Amoudi visitingthe


Realizing the acute problem of theshortage of cement caused due to thebooming construction activities in thecountry, both in residential buildings,roads and other structures, SheikhMohammed has embarked on theestablishment of billions of birr worthhuge Cement Factory, the DerbaMIDROC Cement Plant Project.The project would produce 2.2 - 2.76million tons of cement annually whencompleted in two years. It shall providejobs to over a thousand people. Two otherMini Cement Plant projects of capacity of134,300 tons each per annum are alsounder implementation at Derba andDejen sites and are expected to getcompleted in a few months time tosupport the current local supply.

iv Investment in Mining, Oil

and Gas Distribution

Two other MIDROC Ethiopia Group

Companies, MIDROC Gold SC and

National Mining Corporation Plc,

engaged in the exploration and

development of minerals, processing and

manufacturing of high quality gold,

precious and dimension stones have made

breakthroughs in the markets of the

Middle East, Far East, Europe and North

America. Prospective exploration work for

more mining of precious stones on a

larger scale including oil exploration is

also underway. It’s now become an

established fact that the export of high

quality gold and the marble varieties of

the Group are in high demand and are

remarked first-class products in the

international markets. These industries

Sheikh Mohammed H. Al-Amoudi visiting the Lege Dembi Goldmine during the initial


also offer employment, on a sustainable

basis, to a large number of people.

The establishment of National OilCompany of Ethiopia (NOC) in April2004, is also a multi million Birrindigenous business engaged in thedownstream oil business of Ethiopia.

National Oil Company of Ethiopia(NOC) has captured 25% of the marketshare for petroleum products with a targetof one hundred service stations in the year2007, spreading evenly across the country.

v. Investment in the Manufacturing Sector

The manufacturing sector is anothermajor economic sector that has beenaccorded with the necessary attention bySheikh Mohammed H. Al-Amoudi, as aconsequence of which quite a substantialamount of investment outlay has beenmade to operate.

A number of MIDROC Ethiopia GroupCompanies engaged in the manufacturingindustry have already achievedconsiderable coverage and customerrespect in the market.

Three companies organized under theauspices of the MIDROC EthiopiaTechnology Group, namely theKombolcha Steel Products Industry(KOSPI), Modern Building Industries(MBI) and Wanza Furnishings, areproviding critical support to the boomingreal estate sector and housing constructionsectors. Galvanized corrugated andribbed steel sheets and other engineeredsteel products, plastic tiles, culturedmarble products, water and oil basedpaints, and wooden doors & windows and

ceiling and flooring materials, and house-hold furniture; hydra foam blocks andimpregnated wood, etc. are among thosevital construction materials produced bythese plants.The Bottling Company of Pepsi Cola SoftDrinks (Moha Soft Drinks S.C) is anotherhighly competitive soft drinks and tablemineral water Manufacturing Enterprisein the Group that has the highestproduction capacity in the country. Newinvestment is still being made to expandits capacity even more. The company hasfive plants operating at market centers,strategically located all over the country.

Another manufacturing Companyestablished by Sheikh Mohammed H. Al-Amoudi in the pulp and paper sector isMAMCO Paper Products Enterprise, thatis providing the market with the highestquality of paper products in greatdemand locally.

Plastic based products (crates, pp bags andhessian cloth, etc.) are also produced attwo other factories under the TechnologyGroup of MIDROC Ethiopia. A multimillion Birr project that manufacturespaper packaging, to support the exportbusiness of the country, is also underestablishment with full financing fromSheikh Mohammed H. Al-Amoudi.Sheikh Mohammed, in his desire to savethe foreign exchange expenditure inEthiopia, has also financed theestablishment of a soap and detergentmaking plant in Addis Ababa, that catersfor the big local market previously undersupplied. Another plant of the MIDROCEthiopia Investment Group in thechemical sector is the one engaged in themanufacturing and marketing ofindustrial gases and plastic products forhousehold and industrial applications.


Daylight Technologies is another localresource-based industrial venture, SheikhMohammed has embarked upon. Thisplant, currently engaged in the assemblyand marketing of high quality desk andlaptop computers, will have the capacityand capabilities to manufacture all typesof glass products including drinkingglasses, bottles and different types of glassshells for electric lightings.

vi. Investment in Health CareServices

Sheikh Mohammed Al-Amoudi’s unflin-ching commitment to improve the healthcare provision prevailing in the country isnoteworthy. SalaM Health Care Plc andPharmacure Plc are amongst thecompanies established to support thecountry’s health-care developmentprograms. Both are of the state-of-the-artsetups whereby SalaM Health Care shallprovide a first-class referral generalhospital services incorporating a highstandard training center for healthprofessionals.

Pharmacure, on the other hand, is amultimillion dollar project destined tocapably manufacture and market incollaboration with a globally recognizedcompany Glaxo-Smithkline, high qualitypharmaceutical and health care productsfor Ethiopia and for other Africancountries. The first phase of thispharmaceutical complex has alreadyentered production, while the secondphase of the development is underway.

vii. Investment in Trade andCommercial Services

Companies in this category are mainly

Affiliate groups to MIDROC Ethiopia.They are involved in a myriad ofbusinesses including imports, exports,distributions and retail sales of world-classautomotive engineering, technical andhigh tech solution services, cargo and roadtransport operations, forwarding, clearingand warehousing businesses.

Equatorial Business Group, NationalMotors Corporation, East-West EthioTransport, Rainbow Travel & Tours,Trans Nation Airways, Cabey and MugadTravel Plcs are the Companies involved inthe above trade and commercial activitiesof the Group.

viii. Investment in HumanResource Development

Sheikh Mohammed H. Al-Amoudi is astrong believer in a continueddevelopment of human resources andcapacity building efforts to cope up withthe competition in the globalized marketplace.

The following was what SheikhMohammed H. Al-Amoudi once said onthe importance of Education andTraining:

“All sections of society of

developing nations should give

utmost attention and top priority

to education and training if they

aspire to make a meaningful

change in the economic and social

condition of their people.”

Sheikh Mohammed H. Al-Amoudi’sunreserved concern in the developmentof human resources by way of investingin education and training is plausible. Consistent with MIDROC Ethiopia’spolicy, and maintaining its business


progress through a professional andcompetent manner, a number ofimportant short and medium termmanagement training programs,workshops and seminars have beenconducted regularly to supplement therequirement of trained personnel invarious capacities in the groupcompanies. With his usual heartfeltdesires to contribute to the alleviation ofpoverty and enhance the advancement ofthe lives of his fellow countrymen andwomen, Sheikh Mohammed H. Al-Amoudi has decided to launch an

investment project on Education,MIDROC Education and TrainingInstitute (METI) Project, whose full-fledged implementation is expected tostart in 2008.

ix. Investment in Research andDevelopment

Among Sheikh Mohammed’s engage-ments in business and entrepreneurialcapability, lies the emphasis he putsforward on research and development.He exerts remarkable encouragement inareas and issues that need research.

Sheikh Mohammed H. Al-Amoudi,whose perpetual vision and commitmentto Ethiopia, provides hopeful prospectsfor all development endeavors, grantedspecial encouraging appreciation to theresearch of Endod that has beenconducted by Ethio Agri-CEFT Plc, oneof the members of the MIDROCEthiopia Investment Group.

The research on Endod, which some 40years ago created excitement amongEthiopians, after Dr. Aklilu Lemma foundits molluscicidal property has been asubject of numerous scientific studies andvarious international workshops.

Ethiop Agri-CEFT Plc is currentlyrunning large scale commercial farms forthe cultivation of Endod. SheikhMohammed H.Al-Amoudi is doing all hisbest to follow closely and enrich theresearch tradition. Apart from usingEndod in the control of leeches,coordinated efforts are being exerted toadvance its industrial application, in theform of powder and bar soap.

The Endod Research Project has madethe Regional States of Amhara, Oromiaand the Southern Nations andFinancial Training Graduates


Nationalities and Peoples Statesbeneficiaries of the project, either by wayof making use of the products or growingthe plant at a larger scale.

The number of beneficiaries would growinto all Regions where the agro-ecologicalconditions demand. The research now hasoffered a simple application for thecomplex problems of Ethiopian farmers.It is also planned to export the product tomarkets in Europe and America.

Corporate CitizenshipResponsibility andPhilanthropy

Major Philanthropic Contribution

Notwithstanding Sheikh Mohammed HusseinAli Al-Amoudi’s massive investment in thevarious sectors of the Ethiopian economy,MIDROC Ethiopia Group and AffiliateCompanies continue to provide support to civilsocieties for initiatives undertaken by specificcommunities, non-governmental organizations,welfare associations, gender groups, child welfare,HIV/AIDS etc.

His recent decision for a gracious financial

contribution of $20 million to the ClintonHIV/AIDS Initiative to help for its efforts as partof increasing care and treatment of people livingwith HIV/AIDS in Ethiopia, depicts hisdetermination with no limitation whatsoever, toassist in any sustainable activity that cancontribute to the advancement of the livelihoodof Ethiopians. He said at the signing ceremonyof the Memorandum of Understanding .. “Isee this contribution to the Clinton

HIV/AIDS Initiative (CHAI) as part of

my continuing effort to improve the

welfare of the people of my country of

birth. In particular, I wish to support

the works of CHAI as a means of

providing access to quality health-care

for the Ethiopian people.”

He also recently made a significant financial

contribution to the African Humanitarian Action

(AHA), a Pan African NGO that provides

humanitarian assistance to refugees, internally

displaced persons and local communities

throughout Africa.

Sheikh Mohammed H. Al-Amoudi is a man who

is extremely compassionate and kind-hearted,

who never hesitates to come to the rescue of a

friend and even a stranger in time of dire need

and great difficulty.

His generosity is boundless and he likes to share

the blessing of God with his fellow men and

women, including employees, friends, etc. in

times of sickness, misfortune and difficulties. His

kindness and generosity are believed to have

grown in him and are rooted deep in his heart.

His behavior, grown in him, is manifesting itself

in the countless humanitarian and generous

donations and sponsorships he undertakes to

help the sick, the destitute and needy people from

all walks of life, who had serious and lifeSheikh Mohammed H. Al-Amoudi handingover the financial contribution toFormer American President,


threatening health problems.

Sheikh Mohammed H. Al-Amoudi’s philanthropic

hands are not confined to individual donations.

Every time the country is hit with natural

calamities or disasters of measurable magnitude,

Sheikh Mohammed’s readiness to stretch his

generous hands have repeatedly been

demonstrated time and again, without fail.

The Children’s Heart Fund of Ethiopia, theShakisso road construction local initiative,victims of Hurricane, Cheshire Home, ObeliskReturn Committee, the relief and flood victimsare among the few beneficiaries of thebenevolent heart that has no equals. SheikhMohammed has always donated millions of Birr

to Regional Developments in the various fundraising programs organized by the concernedRegions, and sponsored a large number ofdevelopment endeavors.Sheikh Mohammed Al-Amoudi has alsocontributed much to the cause of the AfricanUnion. One of his companies, MIDROCConstruction Plc constructed the African UnionHeadquarters in a most efficient and professional

manner.

The multimillion Birr upgrading anddevelopment, by Sheikh Mohammed H. Al-Amoudi, of the Africa Park, stretching fromopposite UNECA Headquarters in the south, upthe southern bounds of the Grand Palace in thenorth, not only uplifted the environs of theUNECA compound but also created a refreshingbreak and extra glamour to the vicinity.

A view of the Africa Park

Sheikh Mohammed H. Al-Amoudi at theInaugural Ceremony of the Africa Park

Heads of African States at the Inaugural

The African Union Headquarters


At the inaugural ceremony of the Park, in thepresence of African Heads of States andRepresentatives, Sheikh Mohammed H. Al-Amoudi reaffirmed his commitment to his

country and promised that he would do his bestto make Addis Ababa the Diplomatic Center ofAfrica and said that: “The Park is a gift frommy mother’s country to the whole ofAfrica.”

In the field of sports too, Sheikh Mohammed hasrigorously and vigorously encouraged to helpsport activities, promote football and athletics inhis country.

He has sponsored three rounds of annualtournament of the Eastern and Central AfricanFootball Association (CECAFA). Thesecompetitions and championships are termed“Al-Amoudi Senior Challenge Cup.” Hehad also fully sponsored the Ethiopian SoccerTeam that had twice grabbed the CECAFA Cup.Athletics Sport also has benefited a lot from hisgracious donations and support.

Awards and Recognitions

Sheikh Mohammed Hussein Al-Amoudi hasreceived Praises, Awards, Recognitions andMedals of Honor for his vision and provenleadership in business and for his socio-economic

Sheikh Mohammed H. Al-Amoudiwelcoming and handing over the Cup to

Sheikh Mohammed H. Al-Amoudi beingdecorated with the Royal Order PolarStar of Sweden in December 1997

Sheikh Mohammed H. Al-Amoudireceiving the Insignia Commander,First Class of the Royal Order of thePolar Star from His Majesty King Carl


development and his contributions in advancingnational and humanitarian causes. The latestinclusion is the Award by His Majesty King CarlXVI Gustaf of Sweden the “ Insignia ofCommander, First Class of the RoyalOrder of the Polar Star,” for his contributionas an Outstanding Investor in Sweden since1974. He has earlier been awarded the RoyalOrder Polar Star of Sweden back inDecember, 1997 from Sweden for his hugeinvestment activities in that country. He has also been awarded countless Awards

locally for his contributions towards thedevelopment of Ethiopia including those for hiscontributions to Ethiopia’s sports, particularly tofootball.

The most deserving award and honor given toSheikh Mohammed H. Al-Amoudi is theconferment of an Honorary DoctorateDegree, for his unparalleled contributions he hasmade so far, to promote Ethiopia in the field ofsocial and economic development.The testimony given by Professor AndreasEshete, President of the Addis Ababa University,during the award-giving ceremony best expressesSheikh Mohammed H. Al-Amoudi.

“You were born in Dessie and spentyour childhood in Woldya. You are avisionary businessman who has

richly invested in Ethiopia and manyother places in Africa. Yourcommitment to African developmentis unrivalled in the businesscommunity. Your devotion toeducation is an inspiration to others.You have set new standards tophilanthropy. Among the manybeneficiaries of your generosity arethe Organization of African Unityand the African Union. You have alsogiven patronage to artists and thearts including our own musicschool….”

Good Governance

In line with the motto of the Investment Group“Committed to Development,” MIDROCEthiopia allocates huge amount of local andforeign resources and exerts extensive efforts toensure Good Governance in the investmentgroup promoting transparency and ethics in itspublic and private partnership affairs. MIDROCEthiopia is among the very first few to introducecorporate “Code of Ethics” in Ethiopia.

The huge investments of Sheikh Mohammed H.Al-Amoudi, as briefly outlined herein above, aremeant to bear the much desired long lastingsocio-economic transformation and growth inEthiopia. The nature, magnitude and consistencyof his investments made so far in all the majorsectors of the economy confirm nothing, but thatof Sheikh Mohammed’s commitment as adevelopment partner and a great son of hismotherland - Ethiopia.

Sheikh Mohammed H. Al-Amoudi afterthe conferment of Honorary DoctorateDegree from the Addis Ababa University

Some of the awards &certificates given toSheikh Mohammed H. Al-Amoudi inrecognition

MIDROC Ethiopia Investment Group

COMPANY PROFILES

SHERATON ADDISP.O. Box 6002 Addis Ababa EthiopiaTel: + 251-11-5-171717Fax: + 251-11-5-172727E-mail: [email protected]: www.luxurycollection.com/addis


Background

Sheraton Addis, the first luxury collectionhotel in Africa and a member ofStarwood Hotels & Resorts WorldwideInc. started operation on February

28, 1998.

The hotel, situated on the hilltop, opposite theNational Palace and very close to the UNECAHeadquarters within the proximity of the citycenter commands one of the best scenicpanoramas in the metropolis.

Mission

The mission statement of the Sheraton Addisreads:

“At Sheraton Addis, we are committed tobecoming the number one luxury hotel inthe world by attracting and retaining thebest employees and by providing totalcustomer satisfaction in order to increaselong term profit and value for our ownersand Hotels & Resorts Worldwide Inc.”

Services:

Rooms/Banquet

Sheraton Addis has a mission of availing the besthotel services money can buy, with its 293 deluxeguestrooms including 33 suites. The hotel alsoprovides self-contained private villas locatedadjacent to the swimming pool. All guestroomsare equipped with double telephone lines;privately manipulated air conditioning system;electronic mini-bar and electronic safe; satelliteTV; large office desk; deluxe bathroom andsprinklers for fire extinguishing system.

Additionally D.I.D. service (Direct InwardDialing) enables hotel guests to have pagingsystem calls bypassing the switchboard withoutany additional cost. All suits are equipped withDVD players

The Sheraton Addis offers one of the largest andmost prestigious banquet and conferencefacilities in Ethiopia, providing over 1,500 squaremeters of function space. This results in 11conference rooms, being available in the hotel fora conference of 12 to 1,500 delegates.

The Executive Business Center offers fullsecretarial support, internet access, computerworkstations, color copying and fax transmissionservices.

A view of Sheraton


The hotel also disposes of internet lease lines to makecommunication faster and more efficient. Office,meeting space, as well as mobile phones and laptopscan also be rented in the Executive Business Center.

WIFI or wireless internet is available in the hotelpublic areas, such as the Pool Area, the ExecutiveBusiness Center & the Executive Lounge.

Food and Beverage

The hotel provides an array of dinning optionsincluding Italian, French, Indian specialty restaurants,as well as a poolside restaurant and all-day dininginternational restaurant with 5 bars and lounges.

Exclusive Services

Sheraton Addis health club, the Aqva Club isdesigned in ageless beauty and provides an

Inside view of the Sheraton Addis


atmosphere of relaxation, with attentive services.This recreational facility includes outdoorswimming pools, sauna, massage and Jacuzzi. Aspecial feature of the pool is its underwatermusic. The pool is also beautifully illuminated atnight. Within the Aqva Club is also found thespecial Simba Club, the children’s playground.

In the Gaslight Night Club, one can dance thenight away at the city’s finest nightclub. This cluboffers a world of excitement and energy. Musicfrom around the world keeps the dance floorplucked. State-of-the-art light and sound systemsensure a continuous high-energy atmosphere.Multiple bars and lounge areas offer a hugeselection of beers and spirits.

The Sheraton Addis is the only hotel in Ethiopiato have a Water Treatment Plant using Ultra-Violet water sterilization system, which ensuressterilization and bacteria free purification ofwater. Because of its very powerful generators,the hotel is never affected by possible power cuts.

The hotel is generally accessible for physicallydisabled persons. Special rooms designed for suchpeople are also available in the hotel.

Awards

Sheraton Addis was awarded the UltimateService Award for Africa for three consecutiveyears, since 2001.

The Ultimate Service Award is set up by adistinguished planning committee, whichgenuinely cares about service delivery. Asupervisory panel of the world’s top globalhoteliers and many top associations, includingthe World Travel & Tourism Council backs it.

In 2006, within Starwood Hotel & Resorts,Sheraton Addis was the winner of Best LRAscore for Africa for the year 2005 Awards and theBest Guest Satisfaction Index (GSI) score forAfrica for the year 2005 Awards.

LRA measures the Quality and Brand Standardcompliance of the Sheraton Addis with LuxuryCollection values. GSI or the Guest SatisfactionIndex results from assessments and feedbacks thehotel receives from its hotel guests.

Pool Area of the Sheraton Addis


Member of the MIDROC Ethiopia Group

P.O.Box 1006 Addis Ababa, EthiopiaTel: +251-11-6-615608 Fax: +251-11-6-615573

E-mail: [email protected], Website: http:/www.ethionet.et/~ectpm/


Background

Ethio Agri-CEFT Plc was establishedin January, 1998 with a paid upcapital of Birr 30,000,000 setting upa large coffee plantation, Gemadro,and acquiring the Gumaro Tea

Plantation, the Wush-Wush Tea Plantation, theTea Processing and Packing Factory, Ayehu Farmand Bir Farm and the transferring of the BelesFarm from Al-Mesh Plc.

Major Products of Ethio Agri-CEFT Plc includewashed and sun-dried coffee, black made tea(loose, packed), food crops (cereals, pulses, oilcrops), medicinal, herbal and aromatic plants,spices, honey and cut flowers.

The annual turnover of the Company in fiscal year2005 depicted an annual average growth rate of28% when compared to year 2004.

Schemes Instituted

The Company has put together tea out-growersscheme from year 2004 around Gumaro and WushWush tea estates. The number of farmersparticipating in this scheme are 102 with a totalholding of 8.6 ha. When the tea plant is ready forplucking, the green leaves will be plucked anddelivered to the respective tea estates at agreedprices.

P.O.Box 1006 Addis Ababa, EthiopiaTel: +251-11-6-615608 Fax: +251-11-6-615573E-mail: [email protected], Website: http:/www.ethionet.et/~ectpm/

ETHIO AGRI-CEFT P.L.C.

One of Ethio Agri Ceft’s major export


Endod (Phytolacca dodecandra), which istraditionally used as a detergent is found to beeffective as a molluscicide, larvicide, fungicideand leechicide. It is, therefore, confirmed that iteffectively controls leech, which greatly affect thehealth of cattle and draught animals.

Endod is also an organic product andbiodegradable which is friendly to theenvironment. Considering the economicadvantage, the Federal Ministry of Agricultureand Rural Development has developed anddistributed an extension package program to all

Regional Bureau of Agriculture and RuralDevelopment for its wider implementation. Cumulative Investment Outlay and Return

The total amount of capital employed to date isBirr 392,954,765 with company’s own equity.

Management StandardsAchieved

The Company was an Award Winner in therecognition of its excellent agricultural products

Ripe Endod Berries -

Activities in Gojam

export performance of 2004/5 and 2005/2006from the Ministry of Agriculture and RuralDevelopment. It uses the latest agriculturaltechniques in producing high quality products,which meets international standards in coffee, teaand cut flower production.

Ethio Agri-CEFT Plc exports best qualityEthiopian highland coffee and tea. One of itsexport items, Gemadro Coffee, certified by UTZKapeh and verified by Starbucks for satisfyingthe CAFÉ practices standards was recentlyhonored with a special Award by Starbucks forthe Newest Ethiopian Coffee.

Markets

The Company is the major producer of tea andcereals in the country. It also produces the bestquality of highland coffee.

The Company is highly competitive and has thelions share in supplying tea, coffee and cereals tothe local market, satisfying the local demand oftea. In addition to this, it plays a big role instabilizing the local market and contributes inalleviating food shortage problems.

A total of Birr 40,912,304 and Birr 23,003,180were earned from tea and coffee export salesrespectively during the period 2004-2006.

From 2002/03 - 2005/06 a total of USD8,744,000 was earned from the sales of 5719 tonsof tea and 1241 tons of coffee to foreigncountries.

Achievements Recorded

Depending on the existing objectives of theCompany, the newly established as well asprivatized farms were restructured and a clearand a well defined delegation was given. A newand modern financial recording system wasadapted. New administration manual wasdeveloped, which corresponds with privateownership and free market economic policy.

Relevant manuals such as sales, purchase,property control, etc. were developed and timelyup-dated.

Production

The production of coffee has increased from 630quintals of 2002/03 to 14,140 qt in 2005/06.This is 22 times greater than previous yearproduction.

Made tea production, which was 3900 tons inyear 2002/03 is 5310 tons in year 2005/06. Thisshows an increase of 36%.

The production of maize was around 10,370tons in the year 2002/03 production. Theproduction in year 2005/06 has increased to32,500 tons, which is 3 times greater than theproduction from the time of acquisition.

Ethio Agri-Ceft Plc. practices required standardsoperations which has enabled it to reach foreigndestinations.

Competitiveness

Sheikh Mohammed visiting the Tea Processing & Packing Factory



Ethiopia was not known for its tea product, butafter the estates were owned by Ethio Agri-CEFT, a lot has been made in popularizingEthiopian tea and it is becoming favored even bythe best tea, drinkers like the United Kingdom.Also, Ethio Agri-CEFT is the sole producer aswell as distributor of local tea.

Corporate CitizenshipResponsibility

A total amount of Birr 46,744,840 was paid tothe government in the form of withholding, VATand land use tax during the operating period.

The Company made an intensive effortrendering various social services to its employeesand the community residing around the farms.

The Company, both at the Head office in AddisAbaba, and in the farms provided jobopportunities for 15,746 out of which 2202 arepermanent, 109 contract employees and 13,435casual workers.

The Company, as part of its efforts to keeping thehealth of its employees and productivity, givesparticular attention to the prevention and controlof HIV/AIDS. Regular awareness creationactivities are being carried out among workers,their families and the surrounding communityand voluntary counseling and testing is beingwidely exercised. HIV positive employees areprovided with support and anti retroviral drugs.The employees of the farms are contributingmoney from their salaries monthly in order toprovide economic support to the workers livingwith HIV/AIDS and to the children who havelost their parents.

The farms, through their clinics provide variousmedical services, with minimal fees and free ofcharge vaccination services and depending on theurgency of the medical case, ambulance service is

provided to the surrounding community.

The Company has built kindergarten, primaryand junior secondary schools, with the necessaryfacilities equipped in all arms in which thechildren of the employees as well as thesurrounding community are beneficiaries.

Future Plans

• To increase the output/ha usingsupplementary irrigation.

• To diversify the agricultural products byadapting new technologies from localResearch Centers and importing foreignmaterials.

• To expand the cut-flower production by 14ha.

• To process, pack and distribute some ofthe agricultural products produced by theCompany to the consumer.

• To provide the critical shortage ofimproved seed to the needy.

• Plans to add herbal medicinal andessential oils to its list of export items.

Other information considered appropriate tohelp provide a fuller picture of the Company’sactivities.

Project Under Implementation

Name of the Project: Holleta Flower Project

The Project in BriefThe main objectives of the project are to producehighland roses on 20 hectares of land undergreenhouses and modern irrigation system, forexport market. The Project is located in Oromiya

Planned Date of Completion: June, 2008Planned Schedule of Implementation: 2008 Estimated completion time: 2010Project Benefits: Supply improved seed to the country

Get better income from sales of improved seeds

Ethio Agri-CEFT Plc is pleased to discuss commercial terms with overseas buyers. Please use Company’s fax, e-mail or telephone address for any business contact.

Region, Holetta town, some 30 kms away fromthe capital city of Addis Ababa. Implementationof the project is divided in two phases.

Phase I 7ha.Phase II 14ha.

Currently Phase I of the project is substantiallycompleted and export of flowers has started sinceApril, 2006. Land preparation for Phase II iscurrently underway. Annual Production of theproject at full development is up to 27 millionstems of cut flowers. As per the feasibility studyconducted, the Internal Rate of Return (IRR) ofthe project is 32%.The Project has its won office in Holleta with 40

skilled and 200 unskilled workers.

Total Investment

The total investment cost of the project isestimated to be Birr 85.8 million of which 27.0million birr is local cost and the remaining 58.8million birr is foreign component. The expectedforeign currency earnings to the country fromthis are more than 5 million USD per year. Inaddition, the project will create job opportunitiesto more than 50 permanent and 400 casualworkers.

Sheikh Mohammed visiting the horticulture project with the General Manager of the


P.O. Box 9281, Addis Ababa, EthiopiaTel: +251-11-4-655153 / 4-655154 / 4-655053

Fax: +251-11-4-655151E-mail: [email protected], [email protected]

Website: http:/www.telecom.net.et/-elico



Background

Ethio-Leather Industry (ELICO),established in August, 1997 with aregistered capital of Birr 51,705,000was acquired from the Ethiopian

Privatization Agency.

ELICO has currently employed a total capitalof Birr 170,720,059 and has returned itsinvestment capital at full capacity.

Operating Units

The Industry has three Operating Units,namely, the Gloving and Hides Unit, GoatSuede and Shoe Leather Unit and LeatherGoods and Garment Unit.

The Company produces finished leathergarments for men and women, sports glovingleather from sheepskin, finished goat suede forshoe upper, finished cowhide for shoe upper,finished crust lining leather, cowhide crust andother leather goods and articles.

Operation

The annual/turnover and average annualgrowth rate of the company exceeds Birr 101Million.

The Company adheres to the socio-economicscheme of making the surrounding societypartner of the whole operation either throughtaking part as suppliers of inputs and/or

ETHIO LEATHER INDUSTRY (ELICO)P.O. Box 9281, Addis Ababa, EthiopiaTel: +251-11-4-655153 / 4-655154 / 4-655053 Fax: +251-11-4-655151E-mail: [email protected], [email protected]: http:/www.telecom.net.et/-elico

Different types of ELICO leather


consumers of the products of the industry.ELICO has installed an Effluent Treatment Plantat the Glove and Hide Unit (GHU), anenvironment friendly project with a view toprotect the environment and the communityfrom hazardous discharges, which can be cited asan example of good partnership with thecommunity. The chrome-recovery project hasbeen put in place at the Goat Suede and ShoeLeather Unit (GSSLU). An effluent TreatmentPlant Project is also in the pipeline at the GoatSuede and Shoe Leather Unit.


The Industry is characterized by its demandingnature of the country’s major resources andprocessing leather for local and external markets.In this process, the company has paid up taxesamounting to ETB 42,096,000 and earnedforeign exchange of USD 84,800,000 apart fromcreating job opportunities for 1358 people.

ELICO is sustainably discharging its socialobligations, including awareness creation onHIV/AIDS and providing VCT Services for itsemployees, providing fully paid sick leaves forHIV positive employees, transferring victims toless demanding jobs and fighting stigmatizationattitudes.

ELICO’s contributions to the community arevaried and significant among which are itsfinancial contributions for the construction of

Finished leather products of ELICO

ELICO’s Effluent Treatment Plant is oneof the


access roads and bridge over the Akaki River. Achievements

ELICO has achieved process managementstandards and received ISO Certification. Itsproducts are the most competent in the market.All operating Units are ISO 9001-2000 certified,while the Gloving and Hide Unit is ISO 14001certified for its environmentally friendlyproduction. GSSLU and LGGU are in their finalstages of ISO 14001 Certification.

The Industry has also received RecognitionAwards in many exhibition venues and has beenawarded for its outstanding export performanceby the Ethiopian Ministry of Trade and Industryfor successive years. ELICO’s finished dress andsports gloving leather from sheep has penetratedthe international market.

ELICO secures about 40% of the market infinished leather goods and garments and about70% in the leather goods and articles in the localmarket. Also the Company commands 25% ofthe local market for finished processed andfinished leather for shoe upper front.

In the export market, particularly in theprocessed and finished gloving leather, ELICOhas grown tremendously in the past seven years.The Company has exported finished gloveleather worth of USD 4,007,444,000 during thefiscal year 2005/2006. This achievement hascome about through the unfaltering effortsexerted by the Company and its employees atdifferent levels by way of introducing new mixesand fashionable products and system of work.

ELICO is a pioneer and is a trail-blazer in theproduction and export of finished dress andsports gloving leather. Its finished dress andsports leather from sheepskin has penetrated theinternational finished leather markets. Throughpersistent effort, it succeeded in putting Ethiopiain the global map of finished leather

ELICO participates in various fashionshows


manufacturers and exporters. Modern systems and procedures were introducedin all operational areas, and as a result of whichspecialization was put in place in order to utilizethe benefit of accumulated experience in specificareas. Many employees were trained in-house andexternal training institutions to upgrade theirskills.

Future Plans

ELICO is currently determined and workingtowards winning new customers and strengthenthe existing customers for the finished glovingleather and promoting the finished goat suede inthe international leather market.

Major items imported are chemicals, dye stuffand spare parts for the machinery. The chemicaland dye stuff manufacturing is a complex andtechnology intensive industry. Hence, ELICOmay not have options regarding chemicals anddye stuffs in the short run.

The Tannery’s machinery is highly specializedand requires the development of the industrialbase (heavy industry) in order to manufacture theparts locally.

Sheikh Mohammed visiting the Awash Tannery with Company’s General Manager, Ato

ELICO’s Factories are equipped with


Background

MIDROC Ethiopia Construction

Plc. is a Class I General

Contractor, established in 1993,

with a total investment in

construction equipment plant and facilities of

Birr 500 million and engaged in a wide range of

construction undertakings of all types and sizes.

The vision of the Company is to build an

international standard construction company

and engage in large multi-million heavy

construction projects and thereby contributing its

share in the development of the infrastructure of

Ethiopia.

The Company’s mission among others, is based

on firm company values and committed to:

• offering the highest level quality

construction service to clients,

• providing company trustworthiness

through long term collaborative

relationship with clients and suppliers,

• striving to work for excellence and quality

on continuous basis for the satisfaction of

clients,

• maximizing the potential of employees

through training and development

programs.

Operation

MIDROC Construction Ethiopia Plc offers widerange of construction services in construction ofall types of construction project works of any sizeand complexity including high rise buildings,hospitals and schools and civil engineering works,such as roads and bridges, airports and dams.

The company also supplies ready mix qualityconcrete (C15-C40), meeting national andinternational standard specifications.

MIDROC Construction Ethiopia Plc. is familiarwith different procurement arrangement inconstruction contracting Traditional BOQContracts; Design and Building Contracts andTurnkeys Contracts.

Accomplishment

Since its establishment in 1993, the Companyhas undertaken several multi million birr projectsin Ethiopia, with an annual average constructionvolume of Birr 165 million in the last five years.To mention only a few of them: Sheraton AddisHotel, Nani MIDROC Corporate OfficeBuilding, Mekele Referral Hospital Building,Salam General Hospital Building, African UnionConference Hall & Office Complex, OromiaState Conference Hall & Office Complex, LoliOffice and Residential Building, AmharaMartyr’s Monument, Federal Police HeadQuarters, Oromo Martyr’s Monument,Ethiopian Airlines Cargo Terminal.

MIDROC CONSTRUCTION ETHIOPIA P.L.CP.O. Box 16960, Addis Ababa, EthiopiaTel. +251-11-5-510899Fax +251-11-5-512244E-mail: [email protected]


P.O. Box 16960 Addis Ababa, EthiopiaTel. +251-11-5-510899Fax +251-11-5-512244



Currently the Company is engaged inconstruction of four urban asphalt concrete roadprojects in Addis Ababa with a total length ofover 20 km and contract amount of Birr 300million and a 62km asphalt concrete highwayfrom Dembi to Bedelle towns in Jimma Zone,outside Addis Ababa with a total contractamount of over Birr 200 million.

Plant, Equipment Resources and Facilities

Major pieces of equipment and Plant owned bythe company include: Hot Aphalt Mixing plants100-150 TPH, Concrete Mixing Plant 30-60cm/Hr. Aggregate Crushing Plants 100-

180TPH, fleet of Earthmoving Equipment andDump Trucks 10-15M3, AsphaltPavers/Finishers, Tower Cranes 45-100m HUH,Mobile Cranes 20-90 ton with the followingfacilities:.

• Metal Workshop capable of fabricatingsteel trusses, metal doors and windows,formwork panels etc.

• Aluminum works workshop equippedwith automated cutting and assemblingmachines capable of fabricating andassembling aluminum curtain walls, doorsand windows.

• Construction materials testing laboratoryfor soil, concrete and asphalt testing ofwhich the company carries out for qualityassurance.

State-of-the-art construction equipment of the Company


The workforce of MIDROC Construction Plc asat the end of June was 3391. This includeshighly skilled to semi skilled and unskilledworkers. Since construction industry is a largeemployer of skilled and unskilled labor, thecompany is a source of large number of jobs.

A view of Building and Road Construction Projects underway in Addis Ababa

Sheikh Mohammed visiting the AfricanUnion Conference Center and OfficeBuilding Project with Company’s

Future Plan

The future plan of the Company comprises ofthe expansion of capacity and to heavily engagein the construction sector of road building and

waterworks construction, increase turnover toOne Billion Birr annually and invest more andcreate more and more jobs to Ethiopians.

Recently completed projects of MIDROC ConstructionEthiopia:

Nani Building: Future MIDROC Corporate

Background

MIDROC Energy HouseElectro Mechanical ServicesPlc was established inOctober 1999 with a paidup capital of Birr 4,600,000.

It has an annual turnover growth of Birr4,000,000 and an average annual turnovergrowth rate of about 14% in the last 3 years.

Major Services:

The Company provides electromechanicalengineering services contracting – design,manufacturing, installation and erection, as well as maintenance of electromechanicalsystems, i.e.

• LV lighting and power distributionsystems,

• Utility systems (Electric power, telecom,HVAC, water, fuel and gas distributionnetworks)

• Security and protection systems (CCTV,fire and burglar alarms and protectionsystems)

• Other industrial and service sectorelectromechanical machinery andequipment.


The company is providing its services inaccordance with international and localprofessional standards and has been awarded in anumber of times with Merit Certificates by itscustomers in recognition for its outstandingservices.

MIDROC ENERGY HOUSEElectro-Mechanical Services P.L.C.P.O. Box 27784 Code 1000 Addis Ababa EthiopiaTel: +251-11-5-535968Fax: +251-11-5-535971E-mail: [email protected]

MEH – EMS Design Room



P.O. Box 27784 Code 1000 Addis Ababa EthiopiaTel: +251-11-5-535968Fax: +251-11-5-535971



Markets:

The Company has been serving only thedomestic market up to now mainly in the area ofdesign, installation, erection and maintenanceservices of low voltage electrical powerdistribution and lighting systems for largeindustrial and building complexes.

The major problem in the domestic market,especially in the building installations sub-sector,is the lack of appropriate regulations andstandards for grading and standardizingelectromechanical jobs and enforcing suchregulations and standards so that such jobs arecarried out by appropriately qualified andcertified contractors. This problem has nowenabled civil and general contractors to take upall the building electrical installation workstogether with the major civil works and carry outthe installation work at low quality standards, byemploying low-grade materials and skills at the

cheapest possible prices. This has greatly limitedthe opportunities for properly organized andspecialized contractors like MEH to get jobs inthis area. The company is doing its best topromote such regulations through relevant civilsocieties so that quality and safety shall beensured in such electrical installation works in thefuture, at the same time, creating theopportunities for growth of appropriatelyqualified and certified local contractors.

Annual Import Value andMajor Items Imported:

Practically all materials used in electro-mechanical installation and maintenance servicesare normally imported. MEH intends togradually design and manufacture some of theless complex and non-standard items locally so asto save foreign exchange and at the same timebecome more competitive in the market.

Awassa Chipwood Factory electrical power distribution & lighting installation



The Company intends to act responsibly to thewelfare of the community, the country and theenvironment. In line with this principle, thecompany lives up to high social responsibilitystandards through provision of quality and safeservices creation of employment and careeradvancement opportunities, participating in theupkeep of the environment wherever it happensto work, in addition to its unreservedparticipation in various relief and rehabilitationconcerns in the country.

Currently, the company has 20 definite andindefinite terms of employees. It has beenproviding considerable employment oppor-tunities especially to young engineers, techniciansand other skilled and semiskilled workers since itsestablishment.

There were busy periods in which the companyhad as many as 200 employees in its payroll.

The Company has been properly discharging itstax related obligations since its establishment andhas contributed a considerable amount of moneyover the years towards helping war, drought andflood victims. The Company has also beenactively participating in the anti-HIV/AIDSmovement within the MIDROC Ethiopia Group.

Achievements:

The Company has up-to-now successfully carriedout a number of sizeable machinery erectionworks, electrical installation and maintenanceservice projects to the satisfaction ofdistinguished clients like the UNECA in AddisAbaba, the New Addis Ababa Bole InternationalAirport and the New Cargo Terminal projects, assubcontractors of such renowned internationalcontractors like Kharafi International, ABB-Finland and ICM-Airport Technics of Germany.

Future Plans:

The Company intends to enter the utility sectormarket as soon as possible, where considerablebusiness opportunities for design, installation anderection as well as rehabilitation andmaintenance services of LV and MV powerdistribution networks exist through utilization ofpartnerships with experienced internationalconsultants and contractors in the field.

Machinery erection & electrical wiring activities - Ethiopian Airlines Cargo

P.O.Box 1912 Code 1110 Addis Ababa, EthiopiaTel: +251-11-4-431464 / 4-421876 / 4-406620

Fax: +251-11-4-421876E-mail: [email protected]


Background

MIDROC Foundation Specialist Plc wasestablished on June 12, 1998, with an initialcapital of Birr 3.5 million, which was raised toBirr 7.0 million for expansion purposes. Itsnature of investment is “SpecializedFoundation Construction.”

The Company is registered as Grade ISpecialized Contractor and has become thepioneer and the only one of its kind in thecountry.

Mission

The company is involved in specializedfoundation construction works that enhanceand complement the need for complex high-rise buildings, dam foundations, and heavybridge construction and facilitate andimplement city and road constructions. It isalso engaged in an in-house local andinternational foundation projects.

The company has carried out numerousfoundations and pile works in many sites. Thecompany’s annual turnover is between 20 and30 million birr on average depending on theavailability of market demand. The nature ofthe operation of the company is not laborintensive, however, the company has played asignificant role in creating skilled workers out of

MIDROC FOUNDATION SPECIALIST P.L.C.P.O.Box 1912 Code 1110 Addis Ababa, EthiopiaTel: +251-11-4-431464 / 4-421876 / 4-406620Fax: +251-11-4-421876E-mail: [email protected]



unskilled ones by training its unskilled staff to beable to operate its unique equipment for drillingand anchoring by involving Ethiopian geologists,foundation engineers and others experts in thefield.

The Company has created job opportunities for91 highly specialized professionals and semiskilled laborers working in their respectiveassignments in its different sites.

The unique anchoring and drilling equipment

Foundation experts at one of



MIDROC Foundation Specialist PLC is classifiedas a large taxpayer and known for paying allrequired taxes regularly, and also a contributor inthe generation of foreign currency.

Although a Glade I Specialized Contractor,

MIDROC Foundation Specialist Plc also

provides optimized foundation proposals as an

alternative to commonly provided solutions with

the introduction of larger diameter piles (up to

1500mm). Significant cost savings were possible

in a proposal recently tabled to

a grateful client by optimizing

the design from small diameter

longer piles to piles of larger

diameter and shallower depth.

With nearly twenty projects

under its belt within Ethiopia,

MIDROC Foundation Specialist Plc.

is a pioneer to exporting

foundation technology to

neighboring Kenya, Tanzania

and the Sudan. In-house trained

Ethiopian experts have left their

marks on several key projects

within those countries. Having

witnessed the developments

within the last few years,

awareness levels seem to be on

the rise where specialized

foundation solutions are

becoming part and parcel of the

construction industry norm.


Background

National Mining Corporation Plc wasestablished on March 18, 1993 witha paid up capital of Birr103,000,000. The Corporation is

engaged in prospecting, exploration development,production and processing of minerals,dimension stones and mineral products includingpetroleum and petroleum products and

marketing of mineral products and petroleumboth within the local and foreign markets.

Operating Units of the Company are:

• Awash Marble Processing Plant• Dalleti Marble Quarry• Harar Quarry

The Corporation has an average annual turnoverof around Birr 25,000,000.

P.O.Box 1174, Addis Ababa,EthiopiaTel: +251-11-3-711887Fax: +251-11-3-711677E-mail: [email protected]: www.nmic-boka.com

NATIONAL MINING CORPORATION P.L.C.

Sheikh Mohammed delivering a welcoming address at the inaugural ceremony of NationalMining Corporation Plc


Operation

At present the marble quarry has 5 benches, eachhaving more than 40 meters length and a heightof 5 meters. It has advanced for more than 50meters.

The Company, although not certified by ISOStandards, produces and sells marble and graniteproducts with a very high aesthetic value andunique color marble textures which excel otherdimension stone products. One of its products,Boka multi-color, was awarded a recognitioncertificate being “Stone of the Year” by theMarble Institute of America.

It is estimated that NMiC has a market share ofaround 31% locally, although there is no detailed

market survey conducted by a central body. TheCorporation has been exporting its products tothe Middle East, Far East, Italy, the USA andother European countries for the last fifteenyears.


After its establishment, NMiC reorganized themining operation by employing the services ofexpatriates and local experts. NMiC also openednew additional quarry fronts to increase theproduct mix, production and productivity.Dimension Stones tested at renowned foreignlaboratories proved to be of high quality.

Additional state-of-the-art machinery andequipment such as diamond wire plants, DTHperforators, jet belt and other quarry machineries

An inside view of the Awash Marble


were purchased. Marble gangsaw and blockcutter, wire saws, multidisc, bridge cutters andcomputerized shaping machines were alsoinjected to the factory. Moreover, theCorporation has earned more than FourteenMillion Birr from export.

NMiC participated at different local andinternational exhibitions and trade fairs tointroduce its materials and is a member of theMarble Institute of America (MIA) andAfristone. This move has contributed positively to

NMiC’s competitiveness locally and abroad, andhelped capture a good market position. Atpresent, a product called Boka, is beingmarketed in bulk to the Far East and Italy.

As part of the intensification of products andservices, a new blue marble by the name ofEshet Blue is also being introduced as stone ofthe Millennium. Presently, it has alreadycaptured the Italian and Chinese market and alotmore markets are expected.

Activities in NMiC’s quarry



The Company has opened and provided jobopportunities for 284 permanent and 112contract employees and has also funneled morethan Forty Million Birr to the government in theform of corporate tax and royalty. The company,also in its social and economic developmentactivities in the community as part of disposingits corporate citizenship responsibility, hassupplied potable water, constructed feeder roadsand supplied generator power to the community,

provided clinical services especially for malariainfected area community members, provideddifferent sport items and financial assistance forschool enrichment programs.

National Mining Corporation Plc has a workplace HIV/AIDS policy, which has an overallobjective of preventing the spread ofHIV/AIDS, giving care and support for thoseliving with the virus, and mitigating the negativeimpact of the epidemic in the company bycontinuously identifying ways and means throughthe introduction of preventive mechanism.

NMiC’s best quality marble in various


Future Plan

Currently, plans are underway to doubleproduction by acquiring new modern machinerynamely, disc cutting machine (stone cutter) andtunnel jet belt machine, which will enable thecompany to supply blocks both to local andforeign markets at a cheaper and competitiveprice.

Project under Consideration

Name of Company: Abijata - Shalla SodaAsh Share Company

Name of Project: Soda Ash

Nature of Project: Joint VenturePartnership withgovernment

Location of Project: Located 192 kmsSouth of Addis Ababanear Bulbula

Stage of the Project: Signing of JointVenture agreement

Objective

• Substitute import and supply Soda Ash tolocal companies

• Export Soda Ash

Investment estimate

In excess of Birr 1,735,000,000 (one billion sevenhundred thirty five Million Birr) to beimplemented in two phases Birr 625,000,000 (sixhundred twenty five Million Birr) is required forthe 1st phase and the remaining amount for the2nd phase.

Planned schedule of implementation andestimated completion time of the project:

Phase one:

• Rehab and expansion of the existingevaporation fields

• Production of 100,000-200,000 tonsper year during 1st and 2nd five-yearplan

Phase two:

• Expansion of the facilities to 500,000 -1,000,000 ton/annum of high grade SodaAsh as may be allowed by the feasibilitystudy over the 3rd five year plan.

• Estimated completion time is 10 years forthe first phase.

Contribution to Socio-economic Developmentand Growth

The Development of Soda Ash will bring aboutexpansion of social infrastructure, such aseducational, health and recreational facilities tothe surrounding community. It will also have avery significant impact in boosting the social andeconomic activities of the surrounding.

NMiC intends to study the possibility ofintroducing fishery in Lake Shalla so that thecommunity can start their own fishery.

The Agriculturists can also continue using thediverted Bulbula River for agriculturaldevelopment, which used to flow to Lake Abijata.

Human ResourcesDevelopment

Manpower of the plant will be progressivelypursued and increased as demanded by phasewise development. A well designed humanresources development program shall beimplemented and train the employees both inhouse and abroad.


Exploration Project underimplementation

a) Name of the Project

1. Dawa Digati Gold andExploration Project

2. Werri Gold and Base MetalsExploration Project

b) Project brief:

Purpose: Explore resources andproduce gold and basemetals

Location: Oromiya Regional State(Dawa Digati)Tigray Regional State(Werri)

Resources Bases:

Dawa Digati: Possible Resources: - 100 tons of goldGold content 2.07 - 20g/tona Revenue of over abillion dollars is expectedto be generated

Werri: Possible Resources: thetotal reserve of gold,silver, lead and zinc30,000 tonsRevenue expected to begenerated - USD 1 billion

c) Revenue: Implementation for both

projects started in

March 1996

Main exploration works accomplished at

Dawa & Werri

• Geological mapping 80%

• Drilling 60%

• Laboratory 70%

Exploration expenses to date at Dawa

Digatti & Werri is Birr 51,961,849.

d) Planned date of completion of the

project: 4 years for both Projects

Major Project Inputs:

• One Geophysical equipment

• Two Drilling Machines

• Two Dozers

• Two Water Tankers

• Ten Vehicles

Project benefits

• Foreign Currency exchange earnings and

saving

• Create job opportunities

• Technology transfer

• Infrastructure development.


P.O.Box 1174 Addis Ababa, EthiopiaTel: +251-11-3-711887Fax: +251-11-3-711677

E-mail: [email protected]: www.nmic-boka.com

P.O. Box 951 Code 1250 Addis Ababa EthiopiaTel: +251-11-6-639494/96

Fax: +251-11-6-639495 E-mail: [email protected]


Background

National Oil Ethiopia (NOC) Plc. is the firstindigenous and fastest growing Oil Companyoperating in the down stream oil business ofEthiopia following reforms made by theGovernment of Ethiopia to encourageinvestment in the oil industry that has been underthe domain of multinationals for about a century.

NOC is also marketing Caltex lubricants, one ofthe world’s leading lubricant brands of the threegiant corporations - Chevron, Caltex andTexaco, that are involved in upstream and down-stream energy businesses in the world.

Operation

Since it’s inception in April 2004, the Companyhas captured a good portion of the market,competing with multi nationals, who are alreadycomfortably operating in the Industry. Thecompany has achieved about 25% market sharein year 2006 with the number of its stationsincreasing to 70 from 50 in the same year. It has aplan to increase its service stations to 100 by theend of 2007 spreading evenly across the country.It is also acquiring numerous corporatecustomers engaged in different sectors of theeconomy.

NATIONAL OIL ETHIOPIA P.L.C (NOC)P.O. Box 951 Code 1250, Addis Ababa, EthiopiaTel: +251-11-6-639494/96 Fax: +251-11-6-639495 E-mail: [email protected]

Share holders of NOC: Sheikh Mohammed Hussien Ali Al-Amoudi, Ato Tadesse Tilahun and Ato Abenet Gebremeskel


Accomplishment

NOC has completed construction of a mini-depot comprising LPG and main fuels to ensuresustainable and efficient supply of products. Inaddition, NOC has already completed the designwork of all-in-one full fledged depot that has acapacity of 20 million liters of differentpetroleum products and construction, which willcommence in the year 2007. This move willfurther enhance the Company’s ability tosustainably and efficiently supply productsthrough out its network in the country.


In all its undertakings, National Oil Ethiopia Plc(NOC) stands on strong business principles andcorporate values that comply with safe andhealthy workplace; fair employment practicesthat value diversity and inclusiveness, responsiblefor environmental conservation and comply withthe local laws promoting good business practices.

Though the company has been in operation forless than three years, it has spent over Birr

Two Million on community support activitiesincluding support to different regional statesdevelopment programs on several fund raisingcampaigns, support to children and youth sport(support to Ethiopian Football Federation,Cheshire Home Services and Right to Play) andon promotion of safe /defensive driving.

At start up, the company has employed a capitalof Birr 100 million. Its assets and annualturnover after two and half years amounts to

Sheikh Mohammed delivering awelcoming

What drives you?!

Fuel to the grain mill - Assossa

Spacious service stations designed to providemultipurpose services with uniform


Birr 500 Million and Birr 2 billionrespectively. During this time, the companyhas made a tax contribution of over Birr 30million to the government.

The company has also created directemployment opportunities to over 2,000people excluding those that were engagedduring construction phase.

Future Plan

The company aspires and strives tobecome the customer’s first choice forsupply of quality lubricants and main fuelsat competitive prices and second to nonequality services. Currently it is engaged inthe importation, distribution and retailingof petroleum products including Gasoline,Gas-Oil, Kerosene, Fuel-Oils, Lubricants,Bitumen and LPG.

Providing employment opportunity for

Alternative household energy and conserving the environment.

Contributing own share to infrastructure


P.O. Box 1270 Addis Ababa, EthiopiaTel: +251-11-6-614655 Fax: +251-11-6-615087E-mail: [email protected]


Background

MOHA Soft Drinks Industry S.C.was acquired from the EthiopianPrivatization Agency andestablished on May 15, 1996 with

a paid up capital of Birr 108,654,000 and has thefollowing operating units:

• Nifas Silk Plant• Tekle Haimanot Plant• Summit Plant• Gondar Plant• Dessie Plant• Bure Plant

The major products of MOHA Soft DrinksIndustry S.C. are: Pepsi Cola, Mirinda Orange,7-Up, Mirinda Tonic and Mirinda Apple (allPepsi Brands) Kool, Bure Kool and Tossa (WaterProducts.)

The Annual Turnover of the Company hasreached to Birr 330 million and sales stands at anaverage annual growth rate of 12%.

MOHA SOFT DRINKS INDUSTRY S.C.P.O. Box 1270, Addis Ababa, EthiopiaTel: +251-11-6-614655 Fax: +251-11-6-615087E-mail: [email protected]

MOHA Products


Schemes in Company effort to make change tobecome development partners has focus inengaging them as suppliers of inputs i.e. Sugar,Crowns, Glass and as users of the companyproducts in service centers and directconsumption in households etc.

Standards achieved

MOHA Soft Drinks Industry S.C. has adhered toPepsi Cola International Standards and inGeneral Manufacturing Practices (GMP).

Markets

MOHA holds 52% of the market share in softdrinks industry. Capacity constraint and obsoletemachinery were bottlenecks to meet the demandof the soft drinks supply. With an expansion and replacement of obsolete

machinery, the difficulties were overcome.

MOHA, in addition to the initial purchase priceof the Soft Drinks Factory, has invested Birr 71Million for the expansion of new projects, Birr123 million for refurbishment and replacement ofexisting plants and Birr 156 million for marketing,infrastructure, excluding advertisement andsponsorship expenses. Also, a significant growthover the years in production, sales, profitabilitydue to reorganization of operations has beenachieved. Productivity has improvedtremendously with major cost savings and hasensured a regular supply of high qualityproducts. It has also achieved a success ofreaching to areas across the country.Corporate Citizenship

View of the Gondar Pepsi Cola Plant

Replacing new machinery in the Nefas Silk Pepsi Cola Plant

Inside partial look of Nefas Silk Pepsi


Responsibility

The Company has to-date paid Birr 655 millionas excise and sales tax to the government. Itprovided 2144 job opportunities for citizens outof which 754 are new employment sinceacquisition. MOHA has successfully implementedits social obligations by way of sponsoringdifferent events and supporting initiatives. It hascontributed Birr Two Million for victims ofnatural disaster. It has also backed initiatives andsupports to HIV/AIDS victims in the company.

Future Plans

An average annual increase of 10% in salesvolume growth is anticipated. Accordingly acorresponding sales growth will ensure anaverage profit of Birr 9 million annually and anestimate of Birr 1.7 Billion will be contributed tothe government in tax. The long term vision forfuture expansion is anticipated after the end ofthe strategic year 2003 E.C.

Projects Under Implementation

Investment Projects

Awassa Pepsi-Cola Bottling Plant

1. Project Location: Awassa, Southern Region

2. Company in charge: MOHA Soft Drinks Industry S.C.

3. Type of project:On-goingNew

4. Actual (planned) Date of Commencement: January 1997

5. Expected date of completion: Sept. 2007

6. Present status of the project is under:

• Delivery of Machinery & Equipment

• Erection• Trial-run & Commissioning

7. Types of products/Services that theproject produces or renders:Bottling of: Pepsi-cola, Mirinda, 7UP & Mirinda Tonic, Mirinda Apple

8. Annual Production/Service of theproject: 4 Million Cases

9. Estimate of total Investment cost of theproject:

Local Currency Birr 63,757,100Foreign Currency Birr 84,006,600Total Birr 147,763,700

10. Plus Estimate:Local currency Birr 35,214,000Foreign Currency Birr 21,203,700Total Birr 56,417,700

Source of finance planned activities of the

A laboratory technician under quality

budget year

Source of Amount Finance (Birr)Own fund -Owner’s contribution 74,785,000Bank loan -Others -Total 74,785,000

11. Manpower requirement at the end of theproject will be 272 new employees.

Dessie Pepsi-Cola & Carbonated

Water Plant

1. Project Location: Dessie

2. Type of the project: • On-going• New

3. Actual (planned) Date ofCommencement: August, 1998

4. Expected date ofcompletion: March, 2008

5. Present status of the Project is under:

Detailed Engineering DesignConstructionErection

6. Types of products: Soft Drinks,



Carbonated Mineral Water & Table Water, Still Water

7. Annual Production/Service of the project9.15 Million Cases

8. Estimate of total Investment cost of the project:

Local Currency Birr 39,040,650Foreign Currency Birr 33,256,850Total Birr 72,297,500

9. Project cost-up to the end of the current

Budget Year since its inception (ActualPlus Estimate):Local currency Birr 722,000Foreign Currency Birr 3,632,261Total Birr 4,354,261

Source of Finance for Planned activitiesSource of AmountFinance (Birr)Own Fund -Owner’s Contribution 15,005,000Bank Loan -Others -Total 15,005,000

MOHA in one of its Under the Cover (UTC) Promotional Programs …The Winner

P.O. Box 5710 Addis Ababa, EthiopiaTel: + 251-11-4-391009 / 4-391413 Fax: + 251-11-4-391424Sales Office 1 Tel: + 251-11-4-654707Fax: + 251-11-4-655425Sales Office 2 Tel: + 251-11 2-132153 / 6-545258E-mail: [email protected]



Background

MAMCO Plc Paper ProductsFactory firmly established in thesector since 1994 with a paid upcapital of Birr 14 million from

local and foreign sources, started operation inJanuary 1995. The Company has developed itspaper converting capability fast enough tocapture the lion’s share of the Toilet Tissue,Facial Tissue, Exercise Books and Napkinmarket.

It is a new investment engaged mainly in theproduction of toilet tissue, Facial tissue, napkinplain, color and cocktail, kitchen towel up to2000 gm., exercise books from 16 leaves up to100 leaves, adding-machine rolls, A-3 size ruledsheets, photocopy papers and writing pads.

The annual turnover of the company stands atBirr 40.8 million with an average annual growthrate of 25%.

MAMCO P.L.C Paper Products Factory

P.O. Box 5710, Addis Ababa, EthiopiaTel: + 251-11-4-391009 / 4-391413 Fax: + 251-11-4-391424Sales Office 1 Tel: + 251-11-4-654707Fax: + 251-11-4-655425Sales Office 2 Tel: + 251-11-2-132153 / 6-545258E-mail: [email protected]

Head Office of MAMCO at Kaliti


Cumulative InvestmentOutlays and Return

The total capital employed in the companywhich is Birr 31.1 million is raised from shareholders, equity and bank loan. The return oninvestment at full capacity is 9%.


Ever since its establishment, MAMCO Plc hasbeen successfully operating, registering anincreased growth every year. After commissioning,the number of machines have increased bytwo-fold. The Company’s paramount mission isto alleviate the shortages of tissue papers andexercise books throughout the country. MAMCOis a household name in supermarkets, restaurants,schools and hospitals.

MAMCO has secured potential markets,particularly, all five and four-star hotels inAddis Ababa and in regional capitals.

Corporate CitizenshipResponsibilities

The company has discharged its responsibilitiesand has fulfilled its duties in terms of taxes paidto the government: including sales tax amountingto Birr 17,035,482.00; personnel income tax,Birr 1,643,867.00; VAT, Birr 16,663,120.60 andprofit tax Birr 769,944.06.

The company provides assistance to orphans andother needy children in cash and in kind (exercise books and sanitary items) regularly incollaboration with some NGOs and relevantstakeholders.

Production Unit


As part of a national obligation and disposing

responsibility, the company plays its role in the

wider struggle to curtail the spread of the

epidemic, HIV/AIDS which is a workplace issue.

The Company provides solidarity care and

support services to HIV/AIDS positive staff

members by establishing a committee for

HIV/AIDS prevention and control, promoting

attitude and behavior change and in so doing to

avoid stigmatization through peer-group

education program.

The Company, along with its employees

contributes a fair amount of money to the

solidarity HIV/AIDS fund every month.

The Company has provided job opportunities for

112 permanent and 45 casual laborers.

Plan for Future Development

MAMCO is planning to procure an offset

printing machine which will help diversify

products by way of printing of labels for beer

bottles, mineral water, spring water, packages for

detergents, tea, coffee and many more. The offset

machine which is undoubtedly a guarantee for

additional revenue to the Company will enable to

upgrade the qualities of its products: printing

exercise book cover of any shape, color and

design as per the specifications of customers.

Various products of MAMCO

P.O. Box 5521 Addis Ababa, EthiopiaTel.No.: +251-11-4-392036 / 4-393518Fax No: +251-11-4-393688 / 4-391170E-mail: [email protected]



STAR SOAP AND DETERGENTINDUSTRIES P.L.C

P.O. Box 5521, Addis Ababa, EthiopiaTel.No.: +251-11-4-392036 / 4-393518Fax No: +251-11-4-393688 / 4-391170E-mail: [email protected]

Background

The Star Soap & Detergent Industries Plc. is anew investment Company established in January,1996 with a paid up capital of Birr 80 million tomanufacture laundry soap, toilet soap, liquiddetergent, powder and bar soaps.

The idea behind the establishment of SSDI wasthe conviction that there is a large laundrymarket with fundamental needs that ought to beserved by a local manufacturer with aninternational standard. Therefore, SSDI from itsinception made it a point to net all customerswho are either left unattended by the marketplayers and further grid those who are currentlydissatisfied by other products which in recenttimes are dumped in the domestic market.

The other basic reason to set up such a companyhas come from the need to supply the marketwith detergents, which is hardly served by localmanufacturers.

Products

SSDI, mainly produces laundry bar soaps,namely Star 2000, Almas, Concorde andRainbow Toilet soap under the brand Mas, andnow has moved into its second phase of

production of Powder Detergent(under Goal Brand) liquid detergent(Gold Star) and synthetic detergent.SSDI has shown a substantial growthboth in it’s production, and salesvolume.

.

Products of StarSoap & Detergent

Achievements

The company has shown a considerable growthduring these years penetrating in the large citiesand town markets and into the rural markets. SSDIhas also been supplying NGOs such as the RedCross Society, UNHCR and UNICEF. It alsosupplies nearly 70% of the hotels and hospitals inEthiopia for their soap and detergent needs.

SSDI has regional agents in different administrativeregions, thereby, increasing its outlets and meetingthe different demands of different regions.

Annual growth rate stands at 14% as compared to2003-2006.


SSDI has currently provided job opportunities for144 citizens. It has also paid all taxes to thegovernment since its establishment in 1996.

SSDI products ready for


Future Plan

Since its establishment, SSDI hasbeen increasing its product mix, fromlaundry soaps into toilet soaps,powder detergents, liquid detergents,synthetic detergents and has increasedits production capacity from 3.5ton/hour up to 8 tons per hour forlaundry soap with the motto “YOURHYGEINE IS OUR CONCERN.”SSDI works very hard in order tofulfill the needs of all it’s esteemedcustomers and remain in the marketbeing competitive. SSDI isdetermined to present a high qualityproduct and to keep its standards andalways meet quality control, bymaintaining high quality productswith competitive prices.


Background and Operation

Kebire Enterprise was established in April, 2001 with

the objectives of carrying out agricultural and

agro-industrial production, manufacturing, mining

and construction, tourism, communication and IT businesses.

Established with an initial paid up capital of Birr 15 million, it

has started operation with the production of garments for

export in 2004 in Mekele town, Tigray Administrative Region.

Expansion work is currently being carried out in the original

garment plant that was constructed at a cost of Birr 54 million.

The existing garment plant currently provides employment

opportunities for 900 workers and expected to provide job

opportunities for about 1500 people at the completion of the

expansion works of the Project.

Kebire Enterprise Plc has recently acquired a Leather Shoe

Factory at a cost of Birr 32 Million from the Ethiopian

Privatization Agency through a public tender.

KEBIRE ENTERPRISE P.L.CP.O. Box 40688, Addis Ababa, Ethiopia

Tel: +251-11-5-520575 / 76 Fax: +251-11-5-520677


Background

Pharmacure Plc is a pharmaceutical manufacturingCompany established in June 1998 on100,000m2 of land in Addis Ababa with a sharecapital of Birr 10 million. The first phase of it’sProject, the manufacturing of intravenous fluidswith an annual capacity of five million liters hasbeen operational since 2003. The capital outlayof the project todate amounts to Birr187,100,307 and it envisages the setting up ofadditional facilities for the production of variousdosage forms of essential drugs and medicalsupplies.

Operation

With a state-of-the-art technology and 107 staffmembers, (56 male and 51 female), PharmacurePlc provides safe, effective and high qualityproducts at affordable prices. Product diversityand availability has enabled Pharmacure to gain

a fair share in the local market and it is the firstpharmaceutical manufacturing company to begranted the prestigious “Certificate ofCompetence” Award from the DrugAdministration and Control Authority ofEthiopia.

Pharmacure has also acquired the approval ofthe Medicine Control Authority of theGovernment of Zimbabwe and has tried toexport its products to neighboring markets.

Pharmacure P.L.C

P.O. Box 5542, Addis Ababa, EthiopiaTel: + 251-11-6-604820 Fax: + 251-11-6-604821E-mail: [email protected]


A view of Pharmacure


Strategy

The marketing strategy is designed to forge

strong partnership with healthcare providers

from grass root to high level institutions. In this

regard, the company has adopted a series of

mechanisms to introduce itself and promote its

products through participating in symposiums,

workshops and seminars and also by contributing

to various professional associations such as the

Medical Association of Ethiopia and providing

the Diabetic Society of Ethiopia and

sponsorships to the Ethiopian Pharmacists

Association, SalaM Nurses College and various

Universities. This strategy has enabled

Pharmacure Plc to make it’s presence felt

throughout the country.

Through assessment of consumers’ and

customers’ demands, the Company has recently

upscaled its packaging to a more and even better

and superior quality material that would endure

the pressure and adverse impacts of distant

journey. The company feels pleased to be able to

cover remote areas of Ethiopia.

The company’s success lies in its employees andin order to promote productivity, Pharmacure iscommitted to provide a comfortable, enjoyableand safe working environment. Various socialcommittees including HIV/AIDS AwarenessGroup, actively carry out training, meetings andmonthly contributions to promote knowledgeand to create a robust team.

Future Plans

The Company is currently organizing twoexpansion projects. While the First Phase Projectis aimed at producing IV bags and themanufacturing of blood collecting and kidneydialysis bags, the Second Phase of the Projectwith an investment of 80-100 million USD willinclude the production of veterinary drug andvarious dosage forms of essential drugs, as well asthe supply of sanitary and consumer healthproducts.

As part of the expansion projects, Pharmacurehas recently acquired 94,000m2 of land, locatednorth of the current plant, and plans of variousprojects are underway.

Production Unit of Pharmacure

IV Fuids - One of the products of

Products, ready for delivery

Member of the MIDRMember of the MIDROC Ethiopia GrOC Ethiopia Groupoup

P.O. Box 5542, Addis Ababa, EthiopiaTel: + 251-11-6-604820 Fax: + 251-11-6-604821E-mail: [email protected]


Background

SalaM Health Care Plc was registered under theEthiopian Law, first as TAM Health CareEnterprise and later on as SalaM Health CarePlc following the change of ownership.

The primary objectives of SalaM Health Careplc are:

• Provide a highly sophisticated hospitalservice at one center

• Conduct a medical research which couldbe used to tackle health problems of thecountry

Salam Health Care P.L.C.

P.O. Box 1038, Addis Ababa, EthiopiaTel: +251-11-3-210918 Fax: +251-11-3-214231E-mail: [email protected]


• Curtail outflow of foreign currencies bypatients seeking medical help abroad

• Train highly skilled professionals both forthe hospital and the nation

• Handle referral cases from neighboringcountries and the different regionalcountries

The major component of the Company to attainthe objectives set forth for its establishment is theconstruction of a high-tech Hospital.

Hospital Construction Project

The construction of SalaM General Hospital wasinitially designed by Ethiopian Engineers andsubsequently modified by DEVCON, a Finish

Medical Engineering Company, which eventuallywas taken over by Innovators Jeddah that has avast experience in hospital construction. Theactual construction of the hospital project wasundertaken by MIDROC Construction,following the contract signed on 28th February,2000.

The Hospital is unique in its design and has thefollowing special features like: central monitoringsystem for ICU cases; centrally supplied medicalgas delivery system and emergency managementsystem linked to all operating theatres.

The total investment of the Hospital Projectincluding construction, acquisition of equipmentand machinery and annual project operation costis estimated to be Birr 587,115,200, while annualworking capital requirement of the hospitalproject when completed is expected tobe Birr 100 million. Todate, a total ofBirr 118,767,563.00 has been allocated and usedup for civil works, machinery and equipment,land lease and other direct and indirect costs.Currently 44.8% of civil works of the hospital iscompleted.

Training

As training of adequate medical staff is a basicelement of the make-up of a hi-tech hospital,physicians from the local market are selected andspecially trained in line with the technologicalstandard of the Hospital.

The establishment in 1997 of the SalaM NursesCollege is part of the scheme to createcompetence, which has so far trained 228 nurseswho are currently on the job training at differenthospitals here in Addis Ababa. It is believed thatthe exposure of nurses to the actual medicalenvironment makes them all-round nurses whenthe Hospital commences operation.

A look of SalaM General Hospital


The College was organized andcommissioned through the directsupervision of NETCARE SouthAfrica, equipped with the latestteaching materials imported from thesame source that applies a televisedlecture system utilizing plasmatelevision.

The demonstration rooms areorganized in such a way that studentscould practice most techniquessimilar to living beings. SalaM NursesCollege is the only such teachinginstitute in the country, that providesfree training and employmentopportunity.

SalaM Nurses College has nowupgraded its Diploma program to aDegree program.

A view of Salam Nurses College

SalaM Nurses College StudentNurses in a practical training


The Establishment of SalaMMedical Services

Sheikh Mohammed H. Al-Amoudi alsoestablished a higher level clinic in 1996 foremployees of all the MIDROC EthiopiaInvestment Group initially investing about Birr 4Million increasing a lot more later on. Having 16professional and 21 other staff membersincluding full time senior internists, surgeon, andpart time Dermatologist, Gynaecologist andRadiologist, SalaM Medical Services is one ofthe best Clinics in Addis Ababa rendering aquality out-patient and in-patient service to mostMIDROC Ethiopia employees and the public aswell.

The diagnost ic uni t s are s ta f fed by mostsen ior and h igh ly sk i l l ed pro fe s s iona l su t i l i z ing the mos t soph i s t i ca t ed andrare endoscopy mach ine, hav ing aspec ia l capac i ty to de tec t the th innes tanoma ly in the g a s t ro in te s t ina l t r ac tand a l so record ing i t fo r fu r therreference.

Sa laM Hea l th Care P l c runs twocl in ica l serv ices at the Sheraton Addisand a t Legedembi Go ld Mine inShak i s so w i th hea l th p ro f e s s i ona l s inboth places.

SalaM NursesCollege awards theChairman’s Medalfor extracurricularachievement.Nurses from twodifferent batches oftraining receivingtheir Medals from Sheikh MohammedH. Al-Amoudi and

P.O. Box 18192, Addis Ababa, EthiopiaTel: +251-11-4-672021 / 4-672223

Fax : +251-11-4-671699E-mail: [email protected]

CABEY Pvt. Ltd. Co. is one of MIDROC

Ethiopia’s affiliate companies established in

1997, with an initial paid up capital of

Birr One Million. It was initially set up to serve as a

marketing wing of all local products of the

MIDROC Ethiopia Investment Group and affiliate

companies.

It is currently engaged in the export of Ethiopian

highland coffee to Europe. It is the sole importer and

distributor of the world-famous Grunding electronic

products to the local market and Bridgestone Tyres.

The Company’s annual average turnover is Birr 200

million and has provided employment opportunity

for 203 workers of which 92 are temporary workers.

CABEY P.L.CP.O. Box 18192, Addis Ababa, Ethiopia

Tel: +251-11-4-672021 / 4-672223Fax : +251-11-4-671699



AfAffiliate Group Companiesfiliate Group Companies


Background

East West Ethio-Transport Plc was established inAugust 1997 with the main objective ofproviding road transport, clearing andwarehousing services. It is a new investment witha registered capital of Birr 10,000,000 anda paid up capital of Birr 10,000,000.

East West Ethio-Transport Plc is an affiliategroup company of MIDROC Ethiopia.

Operating units under the company

The company has three operating units namely:

• Liquid transport unit• Dry transport unit

• Freight Forwarding and Customs Clearingunit with the following services:

EAST WEST ETHIO TRANSPORT P.L.C.P.O. Box 5532, Addis Ababa, EthiopiaTel: +251-11-4-392047 / 4-393660Fax: +251-11-4-391991E-mail: [email protected]

Different types of fleets of trucks of


1. Liquid Transport Service: accountsto 78% of the transport service providedby EWET. Currently liquid transportservice is provided for three oil companiesnamely Shell, Total and NOC.

2. Dry Cargo Transport Service:accounts to 22% of the transport serviceprovided by EWET.

3. Freight Forwarding and Customs ClearingService

The Annual Turnover and Average AnnualGrowth Rate of the Company is Birr 57,729,853.

Operation

In its local operation, EWET has encounteredthe following constraints in its transport business.

• Increasing fuel cost and poor tariffcompensation

• Regulated tariff in the fuel transportmarket

• Poor load factor in dry cargo market dueto shortage of outbound cargo

• Increasing maintenance and repair costdue to soaring fuel price

• Existence of excess capacity in the marketboth in fuel and dry transport

• Market problem and intense competitionin dry cargo transport market


EWET has achieved the rank of 7th inImproved Transport Company in EastAfrica according to the Seven Pillar Auditconducted by Shell Group in 2005.

Achievements recorded

EWET revised its operation management in2005 and achieved better truck utilization,revenue and profitability.

Corporate CitizenshipResponsibilities Fulfilled

• Taxes are paid to the government on time

• Provided employment for more than 329citizens

• Contributed to the support efforts ofsocial development and rehabilitation ofcitizens affected by natural disaster

• Implements all objectives passed by theHIV/AIDS Prevention and Control TaskForce of MIDROC Group Companies

• Contributes to support HIV/AIDSprevention effort by the Road TransportAuthority.

EWET has initiated and financed theconstructionof a 1-kilometer asphalt access roadand provides suport for the periodicalrehabilitation of the road.

Plans for future development

EWET is carrying out scheme to improve andraise its existing utilization capacity and servicequality and efficiency to 90% in the coming twoyears and upgrade itself to become one of themost preferred hauler in the market and toachieve better business performance.

P.O. Box 5532, Addis Ababa, EthiopiaTel: +251-11-4-392047 / 4-393660Fax: +251-11-4-391991E-mail: [email protected]

HEAD OFFICEP.O. Box 8964, Addis Ababa, Ethiopia

Tel: +251-11-4-424955Fax: +251-11-4-422148

E-mail: [email protected]: www.ebg-ethiopia.com

HEAD OFFICEP.O. Box 8964 Addis Ababa, EthiopiaTel: +251-11-4-424955Fax: +251-11-4-422148E-mail: [email protected]: www.ebg-ethiopia.com


Equatorial Business Group P.L.C.HEAD OFFICEP.O. Box 8964, Addis Ababa, EthiopiaTel: +251-11-4-424955Fax: +251-11-4-422148E-mail: [email protected]: www.ebg-ethiopia.com

BRANCH OFFICESAwassa Tel: +251-46-2-202087Bahir Dar Tel: +251-58-2-208446Nazareth Tel: +251-22-1-110581Dire Dawa Tel: +251-25-1-114254Jimma Tel: +251-47-1-115884

Background

Equatorial Business Group Plc was establishedin 1993 under the trade name EquatorialElectronics and Communication Plc inAddis Ababa, in accordance with the commerciallaws of Ethiopia. At the time of its establishment,EEC was engaged in the import and distributionof electronics, household and office goods andservices with an initial capital of Birr 5,000,000.The company was owned by three investors, allof whom are brothers of Sheikh MohammedHussein Ali Al-Amoudi.

As the investment environment of the countryfavored new developments in the private sector,the owners of the company injected more capitaland went into more strategic business ventures

with a view of contributing to the nationaleconomy and to generating more employmentopportunities to fellow citizens. The investorsalso saw the importance of technology,knowledge and skills most vital to the countrythrough the import of the products and servicesto the local market as they entailed high-tech softand hardware features. Thus, EEC as it was thencalled, became Equatorial Business Group(EBG).

EBG’s business lines are all targeted to majordevelopment sectors like construction, mining,water resources, agriculture, road and airtransport, energy, health and ICT infrastructures;vital sectors for the overall development goals ofthe country.

Head Office of Equatorial Business


To-date Equatorial Business Group (EBG) has apaid up capital of Birr 60,000,000 and isinvolved in four major sectors: namely,Automotive Engineering, Energy Systems,Telecom and IT, Pharmaceuticals and MedicalSupplies including Veterinary.

This determination and foresight to grow in thebusiness, encouraged by the market orientedpolicies of the government, required aturn-around in the overall management andoperation strategy of the company to furtherexplore, develop and maintain business relationswith major and big brand and internationalsuppliers in one hand, and harmony in themarket environment at home, wining the trustand credibility of customers for its products andservices in the other hand.

Business Units

Business in Automotive Engineering over the lastdecade, gave EBG a mark of reliability fromVOLVO Company to be the sole dealer forheavy duty trucks and construction equipmentand parts to contribute to demands in thegrowing infrastructure development projects ofthe country in construction, agriculture, miningand other economic and social service sectors.

There are over 1800 VOVO Trucks andConstruction Equipment in operation in thecountry indicating a marked share of the localmarket in heavy duty road hitters. Localdemands for light duty service vehicles are alsoattended by brands from Japanese and Chinesemanufactures with significant sales return.

Energy Systems

Expansion in the service sector of the nationaleconomy such as hotels, airports, hospitals andhigher education centers etc, invited EBG’s driveinto the energy systems delivery. Accordingly, thesector supplies different power scale generators,elevators, escalators, GE brand electricalmaterials, power cables and transformers. Design

consultancy, installation, testing, commissioningand other related after sales services are of highconcern to ensure customer satisfaction as perthe company’s policy. Rural-need-focusedrenewable energy technology packages such as

Volvo automobiles, trucks andconstruction machinery are among thebest brands in the country.


solar water heaters, solar vaccine refrigerators,solar pumping systems and hand pumps are alsoon the list of deliverables. A recent developmentin EBG’s strategic move is its active participationin rural electrification programs being carriedout in the country under the guidance of theEthiopian Electric Power Corporation.

Pharmaceutical and Medical supplies

Opportunities in the protection of the health ofthe Ethiopian people and the large-scale livestockresources have been in the social, economic aswell as business interest of EBG. Hence, EBG isamong the major national intermediaries for thedelivery of pharmaceuticals and medical suppliesfrom world famous companies such as GSK,Schering-Plough and Astra Zeneka. A variety ofchemicals, reagents, test kits, x-ray items ofdifferent ranges and features and other inputs ofagro-production applications are also on the listof import commodities in the sector.

Telecommunications andInformation Technology (IT)

Infrastructure developments are areas of greatchallenges and opportunities for EBG as agrowing business company. Thus, EBG has beeninvolved in the import and distribution,installation and maintenance of moderntelecommunication products such as PBX’s,

key telephone systems (KTS’s) and accessories,high tech ICT fax machines, close circuit securityTV (CCTV) systems, fire alarms and a host ofother related appliances. EBG has the capacity tobe part of the ICT promotional anddevelopment movement of the Telecom industryin the country.

Operation

EBG’s annual turnover to-date stands at Birr200,000,000 (two hundred million) and the netasset of the company currently stands at close toBirr 170,000,000. The Company has achieved23.4% return on the 2005/06 net investment. Itclearly indicates the significant move of thecompany in the right direction. This growth waspossible through the guidance of an innovative,focused, and creative management and theunwavering commitment of the employees at alllevels of the company including the branches atstrategic locations in the Country: namely,Awassa, Bahir Dar, Nazareth, Jimma and DireDawa.

EBG has great trust in its over 320 strong workforce of varied professionals and skills withoutwhose dedicated services, the Company wouldnot have its proven and successful business life inthe competitive environment of the country.


EBG has always been sensitive in its socialresponsibilities and in meeting its obligations tothe government and the society at large. In theyear 2005/06 alone, the company paid Birr7,649,000 in tax and close to Birr 40,000,000 incustoms duty. EBG is also aware that the high-tech products it imports and distributes havepositive implications in the transfer ofknowledge, technology and skill development ofthe country through the various trainingprograms, and visits are arranged both locallyand abroad to great number of technicians,engineers and other professionals incollaboration with the supplier companies. IT and Telecom connectivity

EBG supports local communities at times ofnatural disasters through direct assistance orthrough sponsorship participation. It alsoprovides support to promote national sports andother community development programs and hasbeen awarded Trophies and Certificates ofRecognition.

EBG fulfills its social obligations of meeting thechallengers of the pandemic HIV/AIDS in thenational effort. At Company level, a committeehas been established for educational, care andsupport purposes and a 0.5 % of the salaries ofeach of the employees has been dedicatedtowards that end.

Achievements

The strength to survive as competitive andsuccessful business entity requires the constantadoption of new systems and modalities in themanagement and operation of the company. Thepresent leadership committed itself to resurrectthe aborted QMS which was to be in place somefive years ago. To-date, with the requiredframeworks and structures laid, QMS is verymuch likely to be in place to lead the companyachieve its IS0 9001-2000 Certification, to givethe competitive advantage and quality to itscustomers and suppliers and to continue sustainits considerable and growing share of thenational market for its products and services.

Future Plans

EBG, today, is one of the competitive national

companies in its business lines working hard to be

on the lead, sharing the vision of the MIDROC

Ethiopia Group Companies “Committed to

Development”

EBG’s recent venture to high gear its marketing

strategy and to implement ISO 9001-2000

Quality Management System (QMS), a shake up

of its organizational structure and the company

level computerization process will surely bring

EBG to the forefront with a strong capacity for a

more competitive business in real prospect in the

foreseeable future.

Chinese Automobiles are getting popular in the country


HEAD OFFICEP.O. Box 8964 Addis Ababa, EthiopiaTel: +251-11-4-424955Fax: +251-11-4-422148E-mail: [email protected]: www.ebg-ethiopia.com

Your Partner for Efficient and

Reliable Automotive

P.O.Box: 3834, Addis Ababa, EthiopiaTel. No.: +251-11-5-510499Fax No.: +251-11-5-516144

E-mail: [email protected]: www.nmc-eth.com

1.5 L

The New Aveo


Background

National Motors Corporation Plc (NMC) wasinitially established as the National Freight andPublic Transportation Service Plc in November,1993, which later on, as result of change in themission and vision of the company, was re-established as National Motors Corporation Plcwith a registered paid up capital ofBirr Ten Million.

National Motors Corporation Plc is a sole agentof Chevrolet, Opel Cars and Renault Trucks andBuses as well as an Authorized Dealer of IsuzuVehicles in Ethiopia. It also provides the bestmaintenance services in its two Workshops, whichare equipped with the state-of-the-artmaintenance equipment and very well

experienced technical team, who on a regularbasis upgrade their know-how through training.The maintenance facilities are supported by areasonable stock of spare parts.

The Annual Turnover of the Company stands atBirr 132,000,000 and the Annual Growth Rate is10 to 12%.


National Motors Corporation is among the

major tax payers corporations in the country. It

has provided 255 jobs for fellow citizens. With

regards to contributions to other social/economic

development, the Company also supports the

mitigation of natural calamities and social

NATIONAL MOTORS CORPORATION P.L.CP.O.Box: 3834, Addis Ababa, EthiopiaTel. No.: +251-11-5-510499Fax No.: +251-11-5-516144E-mail: [email protected]: www.nmc-eth.com

Sheikh Mohammed at a brand launching ceremonyof NMC,


problems.

Employees of the Company havebeen regular contributors since2005 to assist members andfamilies of HIV/AIDS victims,and regular awareness program isbeing carried out in theworkplace.

Process/ManagementStandards Achieved:

The products and servicesprovided by National MotorsCorporation are very accessibleand competitive. The Companyhas received Award from GeneralMotors and ISUZU for threeconsecutive years for its BestPerformance.

Markets

Although the market sharecompetitiveness and profitabilitycurrently shows a growing trend,the Company is encounteringserious problems from parallelimports and working hardtowards the mitigation of unfairtrade practices. In thisconnection, the Company putsforth on a continuous basis toupgrade its employees throughtraining.

Future Plan

National Motors Corporation isenvisaging for the establishmentof a Semi Knocked Down

Ato Seid Hussien Al-Amoudi, Board Chairmanof NMC, handing over aspecial gift to BinyamSeyoum upon hisgraduation. Benyan, anoutstanding student, hasbeen sponsored by the


Assembly Plant and to raise itsannual import value forthe company’s operation toBirr 60,000,000.

With its Motto “CREATINGCUSTOMERS FOR LIFE”,the Company is proud andconfident with its experiencedtechnical and sales team, whotogether with the managementstaff, are ambitiously motivatedto make its dreams come true.

Some of the renowned brands of NMC at its Show Room

1. Isuzu Trucks2. Aveo3. Isuzu Trooper4. Optra

3

1

4

2


Establishment andOperational Activities

Awassa Chipwood Plant Pvt.Ltd. Co located in theSouthern NationsNationalities Regional State

and established in April, 2002, with aninitial capital of Birr 28 Million iscurrently undertaking theimplementation of the chipwood projectat a total estimated cost of Birr 134Million.

Currently 70% of the project iscompleted. The Plant is expected toproduce 40,000m3 annum of improvedgrade chipwood boards for use by theconstruction and furniture industries.The bulk of the chipwood requirementfor local consumption, estimated at90,000m3 annum is largely met throughimport at present. The AwassaChipwood Factory producing a scarcecommodity in the country, apart fromproviding product to the local market, isexpected to save a lot of foreignexchange.

AWASSA CHIPWOOD PLANT PROJECTTel: +251-46-2-206386Fax: +251-46-2-206725Awassa, Ethiopia

Awassa Chipwood Factory

Projects Under Implementation


The Company is soliciting theacquisition of sizeable plots of land,within the State, SNNR, to run its ownplantations and develop out growerschemes for the provision of major inputfor the Plant. The Plant presently hascreated employment opportunities for 70people and expected to increase thenumber of employees to 170 when themanufacturing plant becomesoperational, excluding those workersrequired for the plantation.

The Chipwood Factory is located inAwassa town, the capital of SouthernNations and Nationalities Regional State,about 275km south of Addis Ababa. It isconnected with a high grade asphaltroad both with the national capital,Addis Ababa in the North, and to Kenyain the South.

Inside View of the Factory

Member of the MIDRMember of the MIDROC Ethiopia GrOC Ethiopia Groupoup

P.O. Box 9877, Addis Ababa, EthiopiaTel: +251-11-5-510733Fax: +251-11-534955E-mail: [email protected]


Background

Derba MIDROC Cement Plc isexecuting a number of cementproduction projects in different partsof the country. The 5000 tpd

clinkerization (7000 tpd cement) productionplant to be put up at Derba 70 km from AddisAbaba will be the largest and state-of-the-artcement production plant in the country.

The plant produces Ordinary Portland Cement(OPC) and Portland Pozzolana Cement (PPC)that will meet the requirements of EthiopianNational Standard EN 1177-1: 2005 orEuropean Standard EN-197. The OPC will beproduced as per CEM-I-42.5 grade and willcontain 95% clinker and 5% gypsum. The PPC

will be produced as per CEMII-32.5 grade andwill contain 67% clinker, 28% pumice and 5%gypsum. The technology used is a dry processdouble five stage pre-heater rotary klin with gratecooler cement production system. The designand manufacturing of all productionmachineries of the plant are based on the lateststate-of-the-art cement technology. The fuel usedis Coal and HFO alternatively.

Among the major raw materials required forcement production, limestone, clay, basalt,sandstone, and gypsum are abundantly availablein the Derba-Muger Valley. As it was observedfrom the preliminary geological survey of the rawmaterials study, that the deposit of the abovematerials is much more than enough for thewhole plant life for the 5,000tpd clinker

DERBA 5000 TPD CEMENTPLANT PROJECT

P.O. Box 9877, Addis Ababa, EthiopiaTel: +251-11-5-510733Fax: +251-11-534955E-mail: [email protected]

Sheikh Mohammed H. Al-Amoudi after signing theAgreement with Mr. Huang Anz Long, President of


production capacity. Since, pumice, the rawmaterial, required for production of PPCcement, is not available in Derba-Muger valley,this material has to be transported by trucks fromNazareth or Zeway area.

The Power requirement of the plant is estimatedto 46MVA. Power to the plant will be conveyedthrough a 132kv transmission line up to asubstation at the boundary of the plant, thenstepped down and distributed to the differentuser departments. Another 5 MW will berequired for residential area and related facilities.

The total water requirement for the plantand domestic uses has been estimated as3,000m3/day, which is planned to be availed bydrilling a number of water wells to tap theground water reserves.

Operation Activities

An EPC contract has been signed between DMCand China National Building MaterialInternational Engineering Co. Ltd. (CNBM) onJanuary 9th, 2007 for an equivalent contractamount of USD 200 million.

The contract period is 27 months starting fromdate of contract signing up to provisionalacceptance of the plant. Production starts as ofthe end of the 24th month and expected to reachdesign production capacity at provisionalacceptance stage, i.e. at the end of the 27th

month.

To date the Contractor has mobilized to site andhas begun constructing temporary facilities. Soilinvestigation work has been done and levelingwork has commenced.

The Contractor has started placing orders for themain plant since approval of the main plantequipment suppliers and the general layout hasbeen given.

The supervision of the main plant constructionworks is being done by HOLTEC, an IndianConsulting Firm.

Construction activities of


A high standard residential complex of various

types and different facilities like health center,

school, sport field, swimming pool, recreation

halls, elementary and high schools, super market,

bank, post office, etc. will be available for the use

of workers and the residents in that area.

The design of the residences and facilities is

being carried out by a local Consultant named

Universal Consultants. The design has

progressed well and a tender will be floated for

construction shortly.

The 40kms road from Addis Ababa to Chancho

along the Addis Ababa -Gojjam Road, is a very

good asphalt road. From Chancho the road

turns to the left and takes the existing (Chancho-

Derba) gravel road for 20 kms. This stretch will

be re-aligned and upgraded to asphalt road with

all the bridges along it to be redesigned and

constructed afresh. A new 8 km asphalt road

from Derba village up to the plant site will be

constructed. The last section of the road

connecting the two nerve centers of the projects,

i.e. the plant and the quarry sites, is the most

challenging part of the project, which is a 14kms

treacherous route with an 850m elevation drop

between these two points.

The design of the 40kms beyond Chancho has

been carried out by a local road consulting firm

named Pan African Consultants Plc in

association with ETHIO Infra Engineering Plc.

This company will also carry out the supervision

of the construction of the road.

A contract has been signed on April 19, 2007,between DMC and MIDROC ConstructionEthiopia Plc for the construction of the road foran amount of Birr 206 million. The contractperiod is 540 calendar days, and to date theContractor has started mobilization and surveyworks.

Derba & Dejen Mini Cement PlantProjects

The main objectives of these two mini cementplant projects, considering the short completiontime of the project compared to the biggerplants, are to support the local cement supplymarket by having a better cement plantdistribution across the country, and to supportthe supply of cement required for theconstruction of Derba MIDROC Main CementPlant Project.

The mini plants are of SABOO (India) VSKplants with a production capacity of 300tpdeach. Each plant has a vertical shaft kiln andemploys semi-dry process. The fuel used ispet-coke with 8300 kcal/kg.

The Derba Mini Cement Plant is found near themain plant and Dejen Mini Cement plant isfound 230km from Addis Ababa to the north-west direction near Dejen town in the AmharaRegional State.

The total investment cost for each of the twoprojects is USD 18 Million. The Dejen Plant isexpected to be commissioned in September2007, and the Derba Plant in December 2007.


Establishment and Project Activities

Hora Food Complex project is being undertaken with a paid up capital of Birr 15Million to establish a modern food complex comprising of flour producing plantthat caters for the production of good quality flour for direct market of Pasta,Macaroni and dry Biscuits for local consumption.

Although the Project was to establish a flour plant of capacity 240TD, a Pasta/macaroni lineof 100 TPD and Biscuits making line of 50 TPD, it could not go as scheduled because ofproblems related to the acquisition of the desired plot of land as was originally envisaged.Preparations are currently to erect the complex in the Sebetta area, a focal business town about20km south-west of Addis Ababa.

Hora Food Complex Plc is expected to generate employment opportunities for over 200people at full capacity of operation.

The project office is located and run by the management staff of the Star Soap DetergentFactory and is expected to move out to the project site office soon.

Hotel Projects

Hora Ras Hotel and Arbaminch Resort Hotel projects are among a few of the projecs that areunder detail design works. Hora Ras Hotel in Debrezeit town, some 42 kms from Addis Ababa,was acquired in 1996 at Birr 8.7 Million through privatization process, while Arba MinchResort Hotel Project is a new undertaking, altogether with 45 and 2 employees respectively.

Both Hotel Projects are located along the southern corridor of tourism area and are to be builtand organized to reflect the cultural heritages of the people in the surrounding areas, thenatural resources in the game parks and to provide first-class and comprehensive services to thesatisfaction of both foreign tourists and local vacationers. These projects are managed by theHotels Development Department of MIDROC Ethiopia in Addis Ababa.

Another project currently underway in Addis Ababa is the construction of a building complexproject mainly catered for apartment quarters on the Bole road. The Project is a ten-storytower and is expected to create a landmark for the area.

HORA FOOD COMPLEX PROJECT


METI (MIDROC Education and Training Institute)

P.O.Box 8677, Addis Ababa, EthiopiaTel: +251-11-3-205817Fax: +251-11-3-713393

E-mail: midroc.me@ ethionet.et

AProject Office was established in October 1999 within theTraining Department of MIDROC Ethiopia. Based on theinstructions of Sheikh Mohammed H. Al-Amoudi, thenecessary studies and preparations to legally establish METI

Plc with a paid capital of Birr 20 Million was carried out inSeptember, 2001.

Specific objectives of establishing an Educational and Training Institute inEthiopia under METI, encompassed among others, the following:

• Establish pre-primary and secondary schools, and tertiary levelinstitutions that have different undergraduate and post graduateprograms

• Establish appropriate resource development and study centers withthe state of the art educational facilities in the country

• Develop collaborative activities with local and foreign institutions topromote joint programs and projects

MIDROC Education and Training Institute (METI) is undertakingrigorous tasks including Final Feasibility Study, Curriculum Development,Implementation of all Engineering Design works, Pre-Operational Studiesand the preparation of Guidelines and Procedure manuals

MIDROC Education and Training Institute (METI) is expected tocommence full-fledged operation in 2008.

The project office currently employs about seven professionals includingthe Director.


Establishment and Project Activities

Universal Packaging, (UP) engaged in the production andmarketing of corrugated cartoon packaging materials with aninitial paid up capital of Birr 50 Million, has formally startedproject study and negotiation upon receipt of the investmentcertificate in June, 2004.

Based on a revision of the market survey done earlier in year 2001,the company decided to consider a much higher productioncapacity of high quality corrugation (300mt/ minute of 2.5mt-wide corrugating machine) with an estimated investment cost ofover Birr 200 Million.

When completed, the Packaging Plant will produce all kinds ofhigh grade corrugated carton products for use by different sectorsof the economy with special consideration given to therequirements of cut-flower exporters. It is expected thatconstruction work and erection of machinery and equipment willbe completed during 2007.

The Project is expected to provide job opportunities for about 100employees upon completion.

The above listed companies and projects are among those MIDROC Ethiopia Group Companies thatare operating independent of each other reporting directly to their shareholders and/or their designateoffice – MIDROC Ethiopia Head Office.

The MIDROC Ethiopia Technology Groups, whose operations are coordinated and guided by the Officeof the Chief Executive Officer, Dr. Arega Yirdaw, are portrayed in the following pages.

UNLIMITED PACKAGING PLC

P.O. Box: 945 code 1110, Addis Ababa, EthiopiaTel: 251-11-5-531685

E-mail : [email protected]


Chief Executive Office

MIDROC Ethiopia TechnologyGroup has started operations in2000 E.C. under the leadershipof the Chief Executive Officer,

Dr. Arega Yirdaw. The first five companies underthe group were, MIDROC Gold Mine plc,ELFORA Agro-Industries plc, Kombolcha SteelProduct Industry Plc and Modern BuildingIndustries Plc.

Through its seven years of operation, additionalcompanies including, TRUST Protection &Personnel Services Plc, Addis Home Depot plc,addis Gas & Plastics Factory plc., WANZAFurnishings Industry plc, Daylight AppliedTechnologies plc, Blue Nile P.P & Craft Paper

Bags Manufacturing plc, Summit EngineeredPlastics plc & Rainbow Exclusive Car Rental andTour Services plc have joined the grouprespectively. The companies in the group areengaged in Mining, Manufacturing Agro-Industry, Real-estate development, Airline, Carrental & Tourism activities. The diversified areasof engagement have contributed for theintegration as well as strong synergeticrelationship between and among the companies.

The in-house developed policies and procedureswhich are implemented across all the companieshave accentuated a unity among the group.

The management revolution followed by theCEO’s leadership which provides priority to the“software” resource (employees) has

MIDROC ETHIOPIA TECHNOLOGY GROUP

OUR MISSION“A multi-sector organizationwith second-to-none leadershippositions in each of ourproducts and services therebyexceeding the expectations ofour customers, employees,shareholders and thecommunity.”

OUR VISION“MIDROC’s quality productsand sustained services to everycustomer and user.”

OUR VALUES

• Customer satisfaction

• Employees’ empowerment

• Corporate identity and

image

• Integrity and ethics

• Balanced life and

performance

• Raising the capital of

shareholders and owners

• Strength and stability

• Social responsibility and

corporate citizenship

• Profit and growth

• Respect and trust

• Quality and excellence

• Teamwork and cooperation


tremendously contributed for the creation offeeling of belongingness within the employeeswhich further have made their work activitiesproductive.

Different events and activities including sportsactivities, celebration of family day,

Employees’/Company day, Customers day etc.have added life to the work environment.

The common corporate Mission, Vision, andValues followed by the companies have led aconcrete ground for the bond exhibited.

Background

Addis Gas & Plastics Factory Plc

joined the MIDROC Ethiopia

Technology Group since its

establishment in June 2004.

The Company is a pioneer in supply of CO2Gases and related services of high pressure Gas

Cylinder Bottle Inspection, hydrostatic testing

and valve maintenance, aGP is also a major

player in the supply of molded plastics products-

crates, fluid containers, chairs, customized items,

etc. for a number of customers.

aGP manufactures and supplies a range of

gaseous and plastics products and services:-

• Carbon Dioxide Gas (Co2 Gas)

• Oxygen Gas (02 Gas)

• Hydrostatic Testing and Inspection of

High Pressure Gas Bottles

• Repair and Maintenance of Valves for

High Pressure Gas Bottles

• Plastic crates

• Plastic chairs with metallic stands

• Paint containers

• Other plastics products of diverse

application

Addis Gas & Plastics Factory P.L.C

P.O.Box: 2407 Addis Ababa, EthiopiaTel: +251-11-551-9899 Fax: +251-11-515-9146

E-mail: [email protected] Website: www. midroc-ethiotechgroup.com

A member of MIDROC Ethiopia Technology Group

“Providing customers with reliable and firstclass Gas &



The company’s products and services have wider applications in different industries:

O2 Gas:

• For metal cuttingand weldingpurpose, byMetallic Industry.

• For medical use, byHealth Services(under study tosupply the standardquality)

Plastics crates:

• For packaging ofbottled drinks andhorticulturalproducts

CO2 Gas:

• Mainly used by Beverage,Brewery and MineralWater Factories to causethe effervescences incarbonated drinks.

• for metal fabrication• serves as fire extinguishing

agent• For hotels, butchery, etc., as

refrigerant (ice form)

Accomplishments

In its short span of existence as a company, aGP

has been undertaking capacity enhancement and

product diversification activities continuously. As

a result, the capacity of CO2 gas production is

almost doubled, O2 Gas production facility

installed, three brand new injection molding

machines of latest technology, capacity ranging

from 255 ton to 800 ton were acquired. Further

more, hydrostatic testing and certification

services of Gas Bottles were introduced with a

view to render full fledged and reliably safe

products to Gaseous products customers.

Future Plans

There are plans underway to further increase the

production capacity of CO2 Gas by means of a

green field investment. New acetylene Gas

Manufacturing Plant and modernizing

hydrostatic testing of cylinders are earmarked

investment plans. Supply of fire extinguisher

products (Gas, Powder and Foam types) and

rendering of training and inspection services

related to the same are active business plans.

In plastics business line, besides the capacity

enhancement scheme in existing product line,

there is also a plan to build in-house capability in

plastics mould design and manufacturing thereby

engaging in producing high value engineering

plastics products required by local service and

manufacturing industries, namely: Telecommu-

nication, Hydro Electric Power Supply, Agro-

Industry, etc. Realization of this plan, would

enable to substitute imports and save a significant

amount of foreign currency expenditure of the

country.


aGP, as part of its company value, takes

maximum care in discharging its social and

environmental responsibility to the community.

Recycling of plastics wastes and prohibition of

rejected bottle’s use is worth mentioning here.

Waste and reject plastics are reprocessed for reuse

in manufacturing process as raw materials. The

Company has a facility to recycle waste

thermoplastic materials.

Explosion of Gas filled cylinder bottle is

extremely risky. The company has a solid policy

whereby it is mandatory to inspect cylinders prior

to filling operation. If a bottle fails to meet

quality requirements, then, it is returned to the

customer unfilled. The company provides

certificate of quality for each cylinder tested and

accepted. Customers are strongly advised never

to use rejected bottles. We are glad to say, that at

present all industrial users and many of the

individual customers do comply with this

company policy.

Presently, the company offers employment

opportunities for a total of 136 employees, of

which 114 are permanent and 22 contract

employees.

Investment Projects

Fire extinguisher business is a project under

implementation. Erection of new plants for CO2Gas and Acetylene manufacturing are projects

under feasibility study.


BackGround

addis Home Depot Plc (aHD), a retail and whole sale supermarket, is officially opened on February 21,2006. It was legally established as a Company in 2003 under the leadership of the Office of the ChiefExecutive Officer of MIDROC Ethiopia Technology Group.

addis Home Depot is a one-stop shopping center providing materials for home use, building andconstruction materials and finishing products in Ethiopia.

addis Home Depot plc is involved with various manufacturers all around the world with plans ofestablishing a sales agency agreement and becoming a sole agent for their products.

Manpower

Currently, addis Home Depot plc has a total number of 64 employees including 16 secondmentemployees from TRUST Protection & Personnel Services Plc.

addis Home Depot P.L.C.

“Provides “ALL-IN-ONE” First-Class ShoppingServices for all your needs in and around your

P.O. Box 19448 Addis Ababa, EthiopiaTel. No.: 011-320-6351Fax No.: 011-320-6348

E-mail: [email protected] Website: www.midroc-ethiotechgroup.com



COMPANY’S PRODUCTS

As part of its objectives, addis Home Depot plc provides in its center, varieties ofitems of the finest qualities for home use and gives the opportunity forcustomers to find the right choice.

WALL, WALLPAPER & WINDOWTREATMENTSHydrafoam blocks, Wall divider, Ceramic walltiles, Wallpaper, Wallpaper adhesive, Wallremoval, Window blinds (Venetian & verticalblind) and Drapery hardware.

FLOORINGCarpets, Floor tiles (ceramic quartz, natural marble), Hardwood flooring, Concrete PavementTiles, Terazo Tiles, Flooring, Skirting and Floor adhesives.

DOORS AND WINDOWSDoors, Windows, Glass and Curtain Walls.


CEILING & ROOFINGCeiling, Galvanized corrugated steelsheets, Concrete roof tiles, Galvanizedribbed (ega) steel sheets, Corrugated pvcsheets (opaque & transparent), Clayroofing & Gutter.

ELECTRICITY, LIGHTING,ELECTRICAL APPLIANCES &ELECTRICAL ITEMSElectrical wires & extension cords, flexibleand rigid conduits, switches & sockets,light bulbs & florescent lights, securitysystems & smoke detectors homeappliances (air conditioners & heaters,electric fans, irons, hair dryers & vacuumcleaners).

ELECTRONIC ITEMSTelevisions, Hi-fi stereos,DVD players, VCR players,Walkman, Mpeg Players,Home entertainmentCenters, clock radios, Videocameras and Photo cameras.

TELEPHONE APPARATUSCordless telephone apparatus,Cell phone apparatus, Regularphone apparatus.


KITCHEN & BATHAPPLIANCESRefrigerators & Coolers,Deep Freezers, LaundryMachines, Dish Washers &Dryers, Stoves, Ovens,Microwave Ovens, Toasters,Meet Grinder, Juice Maker,Coffee Maker, Coffee-Grinder, Ketteles, Liquidizer,Water Heater, Pipe &Fittings, Kitchen Cabinets,Medicine Cabinets, KitchenSinks & Sink Faucets.

KITCHEN, TOILETS, BATH & PLUMBING

TOILETSWash-basin with and withoutpedestal, two-piece toilet (wc)s -trap, toilet bowel, wc seat cover,toilet cistern, bidet, toilet paperholder, counter - top wash-basin,corner wash-basin, urinal, squat(Turkish type), mixer forwashbasin, mixer for bidet.

BATHBath tubs, Jacuzzi, Steam-shower box shower tray,shower cubicles, telephoneshower, shower head, mixerfor shower, towel hanger, soapholder, double tab forwashbasin & shower, triple tabfor bath tubs, tap for singlehole basin, gate valve,bathroom accessories.

BUILDING MATERIALS,TOOLS & HARDWARENails, Fencing (Chain link,barbed wires), woven wires(mesh), hexagonal netting,Lumber & specialty woods,Hand tools, Hammer,reciprocating saw, sabber saw,circular saw, level, flamingsquare, screw driver, wrench,Lifting tables & trucks.

MEASURING TOOLS, DOOR& WINDOS HARDWAREDoor locks (complete set) door handles, door knobs, cylinder,window latches, tower bolts/aldrops, hinges, fastners, shoe tacks,screw, bolts & nuts, staple pin.116 • Millennium Issue

OTHER ITEMSGalvanized plain sheet, Steelstructures, Reinforcement bars,LTZ profiles and Black annealedwire.

PAINTSDIL Paints, Polishers, Brushes, Rollers & Trays, PaintSprayers, Masking Tape, Glue & Adhesives, Sand Paper.

GARDENING ITEMS, LAWN EQUIPMENT, CHEMICALS & OTHERSSeedlings, Pottery, Gardening tools (Scissors, spades, forks, shovels, square shovels and hoes),Lawn mowers, Wheel barrows, Sprinkler & hoses (sprinkler & flexible pipes).

FUTURE PLANS

Aside from being a “One-Stop Shop” for the average homebuilder, addis Home Depot participates in various tenders forproviding construction materials to contractors and real estatedevelopers in the country. The Company also plans to openbranches in different locations.



Background

Blue Nile P.P & Craft Paper Bags ManufacturingPlc (BN) was established in July, 1993, formanufacturing and supplying of Polypropylene,Polyethylene and other related products,becoming the first of its kind in the country. BlueNile has joined the MIDROC EthiopiaTechnology Group since September, 2006.

The Company currently has 343 permanent and62 contract employees who are ready todischarge their activities enthusiastically.

Blue Nile has its factory located in Debre Zeitcity, 45 km east of Addis Ababa and a Sales &Marketing office in Addis Ababa in Saris area.

Products and ServicesBlue Nile manufactures all its products with state-of-the-art technology keeping in view ofcustomers’ needs. The diversified product lineshave contributed to its efficient productionprocess.

Blue Nile P.P. & Craft Paper BagsManufacturing P.L.C.

“Offering Diversified Plastic Products Through Efficient Production”

MAIN OFFICE (Addis Ababa)P. O. Box: 8490 Addis Ababa, Ethiopia

Tel. +251-11-442-3524 / 442-8057Fax: +251-11-442-3653

E-mail: [email protected]: www.midroc-ethiotechgroup.com

FACTORY:Tel. +251-11-433-9050 / 433-9000 / 433-9150

Fax: +251-11-433-9720


Blue Nile is the first pp bagmanufacturing company inthe country with moderntechnology, having a goodreputation in the businessand determined to continueexcelling.

PP bags can be used forpacking of grains, flours,

sugar, cement and manyother industrial andagricultural goods. They arebeing produced complyingwith Ethiopian standard andas per the preference ofcustomers; the bags areproduced in different sizes,colors and printing options.The bags can be preparedwith inner liners to makethem leak proof or formoisture protection. Thecompany prints customers’logo and addresses in anydesigns required.

POLYPROPYLENE BAG (PP BAG)

HESSIAN CLOTH

Hessian cloths are used forwrapping goods, for ceiling,shade, for covering buildingsunder construction andother related functions.Hessian Cloths areproduced based oncustomers’ color, size andstrength preference.

PP MATS

PP mats are produced indifferent design, size andcolor combinations. Thestandard sizes range from0.8 meter 0.85 meter to3.0 meter x 1.8 meter.

CONDUITS

Conduits are used for coveringelectric wire installation inbuildings. The conduits areproduced with good strengthand quality and available instandard sizes such as 13 meterand 16 mm.

POLYETHYLENEPRODUCTS

Poly products are used forpacking of food items,wrapping of hide andskins, cloths and otherrelated goods. Varioustypes of poly productshaving differentthicknesses to meetcustomers’ demand arealso produced. Theproducts are prepared ina form of sheets, bags oras inner liners for pp bags.

ROPES


INVESTMENT PROJECTS Blue Nile is presently considering the introduction of laminated PP bags manufacturing line forpacking of cement and similar products, to replace paper packs presently in use in the country Theintroduction of PP bags will give an advantage in terms of cost saving, as PP bags can be reused forother purposes after their first use and be recycled after final use. It is also an advantageous in termsof safe packing of products as PP bags have much more strength and resistance to moisturecompared to paper packing.

Background

Daylight Applied Technologies Plc (DAT) had introduced the first lamp factory in Ethiopia. DAT wasinitially established in 2003 as Daylight Engineering and was engaged in the production of bulbs &lamps. This did not succeed due to the market problem resulting from inputs from China. As a result,the CEO Office reorganized the Company with a new name - Daylight Applied Technologies p.l.c., toengage in the production of electrical equipment, computers, bottles, Network system etc.

The Company is organized under the Office of the Chief Executive Officer of MIDROC EthiopiaTechnology Group, and is led by a Deputy General Manager, directly reporting to the CEO. Thecompany has one Operation Unit and five Service Units, all of which are managed by qualifiedManagers endowed with rich experiences.

DAYLIGHT APPLIED TECHNOLOGIES P.L.C.

“Adding Value to Society through the use of Applied Technologies”

MAIN OFFICEP.O. Box 190071 Addis Ababa, Ethiopia

Tel. +251-11-515-9897Fax:+251-11-553-9565

FACTORY:Tel:+251-11-551-4041

e-mail: [email protected]: www.midroc-ethiotechgroup.com



Products & Services

Glass

• Glass articles such as bottles for soft drinks

and liqueur, tumblers (drinking glasses) for

water, milk, tea, juice, scotch , wine, etc.

Computers

• High quality assembled personal

computers and marketing of genuine and

high quality computers related supplies

and accessories.

• Provision of professional computers

hardware and software support services.

• Provision of design, implementation and

support services for Local and Wide area

Networking.

Electro Mechanical

• Electro-mechanical services in industrial

and commercial buildings including

elevators, escalators, security systems, air

conditioning systems etc.


• The company’s operations, including the

Lamp and Glass Factories generate

environmental friendly solid waste (free

from pollution).

• DAT currently employees about 48

permanent and 8 contract employees.

The employment is expected to reach

about 350, once the ongoing glass bottles

project is operational in three shifts.

• DAT is involved in different social

responsibility activities. It is a member of

different Business Associations such as

Addis Ababa Chamber of Commerce;

and Humanitarian and other Associations

such as the Ethiopian Mental Health

Society, Children’s Heart Fund of

Ethiopia, and Green & Clean Addis

Ababa Association.

Future Plans

• DAT has future plans to assemble cell

phones, radios, televisions, refrigerators,

water heaters, cookers, air conditioners

and a variety of solar appliances

equipment.

Investment Projects

Projects under implementation

• DAT currently has a glass bottles

manufacturing project under

implementation. The investment amount

upon completion would reach to about

Birr 160 Million of which Birr 100

Million has been already invested.

• The glass bottles project has a capacity to

produce about 12 million assorted bottles

for the market.


BACKGROUND

ELFORA is the largest Agro-industries company

in Ethiopia.

The word ELFORA stands for natural products

without the exposition to artificial feeds or

chemicals. “ELFORA” comes from two “Borena

Oromo” words, “ELA” and “FORA”. “ELA”

means Permanent Water Point, and “FORA”

means Rainy Season Grazing. The word

“FORA” is also considered to be equivalent to

the English word “FLORA”, which signifies

HIGH QUALITY Livestock and Meat Products

brought from traditional pastoral system as well

as modern ranching.

ELFORA Agro-Industries plc was initially

established in 1998 and was brought under the

Office of the Chief Executive Officer of

MIDROC Ethiopia Technology Group in

August 2001.

ELFORA Agro-Industries plc is equipped with

professionals engaged in the production and

marketing of agricultural, livestock and poultry

products and with adequate experience gained

through skill development and long years of

service with the company.

ELFORA provides Slaughtering Services at its

various Abattoirs (Debrezeit, Methara, Gondar)

“ELFORA Stands for Natural and QualityProducts”

P.O.Box: 2500 Addis Ababa, EthiopiaTel: 251-11-320-6600 / 320- 6596

Fax: 251-11 – 320-6562/61E-mail: [email protected]

Website: - www.midroc-ethiotechgroup.com


Elfora Agro-Industries P.L.C.

BUSINESS UNITS

The company is engaged in three sectors,Poultry, Livestock and Crops. In an effort toenhance productivity & performance, theproduction operation is divided in zonal

operations. The decentralized andautonomous zonal operations are categorizedinto Debrezeit Zone, Adama Zone, AwassaZone, Wollo Zone, Dire Dawa Zone andGondar Zone. These are supported by theMain Office activities at Addis Ababa.

POULTRY PRODUCTSEgg, Poultry, Meat, Live Chicken,Poultry by-products (Feather,Neck, Gizzard, Feet Etc.)

MEAT PRODUCTSBeef, Veal, Lamb, Goat,Camel, Cooked Meat (Beef,Veal, Chicken Role,Mortadella & Sausage)

CANNEDPRODUCTSCanned Meat (BeefStock, Minchet Abish,Canned Fish), cannedwon-roat (vegetable soup,tomato paste, pealedtomato)

CROPS &VEGETABLESRed Speckle, Maizeand Maize Seed,Haricot bean, Soyabean, Mung, Chickpeas, spices, Tomato,Onion, Green Paper,Table Grapes, Avocado

LIVESTOCKLive Sheep, Live Goat andLive Cattle.

PRODUCTS AND SERVICESELFORA’s products and services are categorized as follows:



ELFORA serves both domestic and foreign

markets.

Domestic Markets include:

Known Hotels and Institutions such as:

• Sheraton Addis

• Hilton Hotel

• Ethiopian Airlines

• Universities and Colleges (Addis Ababa ,

Haremaya, Awassa)

• Hospitals

• Supermarkets

• The Ministry of Defense

• Pastries

Foreign Market Cover:

• Countries in the Middle East, mainly,

(Saudi Arabia, United Arab Emirates,

Yemen)

• African Countries (Egypt, Congo

Brazzaville and Cote- d’ivoire)

Accomplishments

ELFORA has undertaken upgrading and

expansion activities in its Debrezeit operations to

increase the production of meat and poultry

products. Hence, the company has secured

several Awards:

• Good Performance Trophy in the Export

of Meat, from Ethiopian Export

Promotion Agency; in year 1999/2000

• 1st Rank Award from TIT Bureau

• Good Performance Trophy in the Export

of Livestock and Meat; from Ethiopian

Export Promotion Agency; in year

1998/1999.

• Certificate of Recognition for

participation in Domestic Products &

Services Exhibition & Bazaar; from Addis

Ababa City Government Trade &

Industry and Tourism Bureau;

On May 4, 2002.

• Good Performance Award for promoting

ELFORA Products in “Agriculture and

Growth-AGRIFEX ETHIOPIA-2005

International Trade Fair” on June 6,

2005.

• Award for good export performance in

livestock export during the 2005/2006

budget year from Ministry of Agriculture

and Rural Development.


ELFORA is actively participating in the activities

of the Corporate Intervention Team on

HIV/AIDS (CIT), organized under the Office of

the CEO to prevent and control the spread of

HIV/AIDS among the employees of MIDROC

Ethiopia Technology Group Companies as well

as their family members.

The company is also involved in different social


different Professional Associations such as

Ethiopian Meat Exporters’ Association; Business

Associations such as Addis Ababa Chamber of

Commerce and Ethiopian Employers’

Federation; and Humanitarian and other

Associations such as Ethiopian Mental Health

Society, Children’s Heart Fund of Ethiopia, and

Green & Clean Addis Ababa Association.


Currently, the Company has a total number of

1497 employees, of whom 1196 are permanent,

231 are contract and 70 engaged in secondment

bases. Moreover, the company hires a lot of

temporary workers whose number varies with the

season and volume of operation at various farms

and plants of the Company.

In addition, fresh graduates are employed every

year to strengthen the management capability of

the company.

Future Plans

ELFORA intends to further diversify its products

and substantially increase its local and foreign

market shares and thus has acquired Metehara

Export Abattoir, to handle sheep, goat and camel

carcass export. Since the transfer of lands and

assets are now in the process of completion, more

upgrading and expansion activities will be

undertaken to achieve ELFORA’s long term

growth and expansions strategies.

More land will be developed to produce high

volume cash crops under irrigation. To improve

the quality of meat for local and export markets,

Feedlots, ranches and quarantines will be

rehabilitated and upgraded.

Investments Projects

• Wonji Irrigation Project:

This project has been developed to

produce assorted vegetables under

irrigation. Vegetables such as potato,

onion, tomato, green pepper, egg plant

and other leafy vegetables are now under

cultivation for foreign and local markets.

At full development, the total area will

reach to forty (40) hectares. The overall

investment cost will be over 2.5 million

Birr.

• Table grape project:

The implementation of this project has

just started at the ELFORA Netle Farm

near Meki town. A phased development

is envisaged with initial plantation of

fifteen (15) hectares. The hectarage will

eventually increase to one hundred (100)

hectares at a development cost of Birr 13

million. Following the necessary land

development and construction of

infrastructure, plantation of table grape

will start in August 2007 under drip

irrigation. The first harvest for export will

be made in June, 2008.

• Ellen Irrigation Project:

An irrigation development plan is already

in place to produce high value cash crops.

The investment cost is estimated to be

Birr Fifteen Million.

Background

Huda Real Estate plc was established in

September 1997 and came under the leadership

of the Office of the Chief Executive Officer,

MIDROC Ethiopia Technology Group in

August 2001.

Huda is engaged in land/real estate development

and construction management activities.

Ccmpany’s Products/Service

Current major Projects of Huda Real Estate plc

include, among others, the following:

NANI BUILDING PROJECT

The pioneer tallest building in the

metropolis having 22 stories.

The first of its kind built to meet the stringent

earthquake requirements set by the Western

World.

This skyscraper has a total built up area of

24,000 sq. meters including a basement and a

two-level parking deck for about 150 cars. It is

meant for department stores, working offices and

restaurants.

Huda Real Estate P.L.C.

“Proven Source for Creative Design,Consultation,

Turn-key Project Management and Real Estate”Nefas Silk Lafto Sub-City

P.O.Box 5787 Addis Ababa, EthiopiaTel. No. 011-371-5700 / 371-5694

Fax: 011- 371-5692e-mail:- [email protected]

Website:- www.midroc-ethiotechgroup.com



NANI BUILDING PROJECT

The overall development cost is over 340 Million

Birr. The contractor of this project is MIDROC

Construction Plc, while the consultant is the

Jeddah (Saudi Arabia) based international

consultant, Innovators Consulting Engineers.

Huda Real Estate owns the building.

LOLI BUILDING PROJECT

This is a modern nine-storey building having

mixed retail, office and apartment spaces with

beautifully designed and well integrated twin

towers. To make it more convenient for users

three decks for auto parking are incorporated

within its basement.

Loli is located near the Old Airport at a place not

far from the City Center. It is owned by Huda

Real Estate plc and is being constructed by

MIDROC Construction plc and the Consultant

is INNOVATORS of Jeddah.

HAJI MOHAMMED YASSINBUSINESS CENTER

This is a modern building, which is being

constructed in Dessie town, southern Wollo Zone

of the Amhara Regional State, at a cost of over

20 Million Birr. The building, which is named

after the Grandfather of Sheikh Mohammed

Hussein Ali Al-Amoudi, is to be used as a

Business Complex. It consists of spaces for

offices, shops, motels, theater, etc.

The Building is conceptually designed by the

CEO’s office. It’s architectural and civil

engineering & construction activities are done by

Huda Real Estate plc.


MIDROC VILLAGE

MIDROC Village, a mixed neighborhood

project with 24 individual houses, was

constructed in the year 2002 in Woldia town.

The Project, feasibility study, design, supervision

and construction, was done by Huda Real Estate

plc. The 24 houses were given to the town of

Woldia as a gift, at no charge, by Sheikh

Mohammed Hussein Ali Al-Amoudi.

WOLDIA DASHEN BANK & STAFF RESIDENCE

Huda Real Estate plc has designed, supervised

and administered the construction of Dashen

Bank’s very first “own” building and two villas for

staff residences for Birr 3.5 million. The total

build up area is 565 sq. meters for bank building

and 230 sq. meters for staff residence.

KOSPI & MBI - AKAKI FACTORYPROJECTS

Huda Real Estate plc has done the design,

construction and supervision of the factories of

KOSPI and MBI Factories at Akaki (Dukem).


MIDROC GOLD MINE CIP &FUEL DEPOT PROJECTS

The foundation, construction, supervision and

erection works of MIDROC Gold Mine plc’s

Carbon in Pulp (CIP) and Fuel Depot Projects

have also been successfully completed by Huda

Real Estate plc.

HUDA Real Estate plc has professional work

relationship with INNOVATORS CON-

SULTING ENGINEERS, which is one of

Sheikh Mohammed Hussein Ali Al-Amoudi’s

Companies, located in Jeddah, Saudi Arabia.

Huda Real Estate plc is well equipped to provide

services in the following areas:

DESIGN WORK

• Pre-design study and consultancy

• Overall programming of projects

• Surveying and scheme design

• Preliminary architectural design

• Final engineering design

CONTRACTADMINISTRATION • Bidding

• Bid evaluation & award

• Residential supervision

• Periodic supervision

• Processing of provisional

& final acceptance

PROJECT MANAGEMENT• Prepare design program

• Prepare terms of reference for consultants

• Assist clients in the selection of

Consultants

• Review and evaluate documents

presented by Consultants

• Schematic design

- Preliminary design

- Final design

- Documents

• Assist clients in the selection of

Contractor and Contract administration

• Building management.

CORPORATE CITIZENSHIPRESPONSIBILITY

HUDA Real Estate Plc is actively participating in

the activities of the Corporate Intervention Team

on HIV/AIDS (CIT), which has been organized

under the Office of the CEO, MIDROC

Ethiopia Technology Group, to prevent and

control the spread of HIV/AIDS among

employees of the Group Companies as well as

their family members.

The company is also involved in different social



Ethiopian Civil Engineers Association and

Ethiopian Society of Mechanical Engineers;

Business Associations such as the Addis Ababa

Chamber of Commerce; and Humanitarian and

other Associations such as Ethiopian Mentally

Retarded Rehabilitation Association, Ethiopian

Mental Health Society, Children’s Heart Fund of

Ethiopia, and Green & Clean Addis Ababa

Association.


BACKGROUND

Kombolcha Steel Products Industries p.l.c

.(KOSPI), was established in 1999 and came

under the leadership of the Chief Executive

Officer of the Technology Group in August

2001.

KOSPI is engaged in manufacturing and

marketing of different types of Metal and

Engineered Products in Ethiopia.

The Company built its first factory in south

Wollo, Kombolcha Town 380 km away from

Addis Ababa with a total land holding area of 60

thousand sq. meters. KOSPI’s second factory was

built at Akaki Sub City in Oromia Regional

State, 30 km far from Addis Ababa with a total

land holding area of 25 thousand sq. meters.

OPERATION

KOSPI’s expansion project for the

manufacturing of varieties of wires and steel

products constructed with a total cost of Birr 10

Million was inaugurated at Kombolcha. The

Company is also scaling up its production

capacity of various engineering steel products at

Akaki to meet the growing market of its products.

Kombolcha Steel Products Industries P.L.C.

“Providing Quality Steel Products andEngineering

Services for Construction and Home Use”

P.O.Box: 20772 Code 1000 Addis Ababa, EthiopiaTel. No. 011-320-6435/36/37 (Addis Ababa)

Tel. No. 033-551-0800/033-551-0285 (Kombolcha)Fax No: 033-551-0957, E-mail: [email protected]

Website: - www.midroc-ethiotechgroup.com



KOSPI is currently focusing on the production of

corrugated iron for roofing and related items and

also has a capacity of producing 6,500 tones of

wire products annually.

KOSPI recently has proven its local capability of

providing 30,000 electric poles and accessories to

Ethiopian Electric Power Corporation.

Another contract agreement for the supply of

materials needed for the rural electrification

program worth Birr 37 million was also signed on

April 7, 2006.


Corrugated Steel sheet

KOSPI produces Galvanized Corrugated Sheets

which are used for roofing and fencing with

length up tp 3.66 meters and thickness of:

• 0.20mm (USG-35)

• 0.25mm (USG-32)

• 0.32mm (USG-30) and

• 0.40mm (USG-28)

GALVANIZING PROCESS

KOSPI has installed a Structural-Hot-Dip-

Galvanization-Plant at Akaki, being the first of

its kind in Ethiopia. Armed with its profound

engineering capability, it designs, fabricates, and

galvanizes various types of structural products,

such as Electric Power Transmission Towers,

Microwave Towers, Radio Antenna Towers,

Steel Bridges, Scaffolds, etc. KOSPI also provides

Structural-Hot-Dip-Galvanization service to

customers.


The Structural-Hot-Galvanization-Plant has a

capacity of galvanizing about 10,000 metric

tones of steel structures annually.

RIBBED STEEL SHEETS

KOSPI, being the sole company, owning fully

automated line for ribbed steel sheets

manufacturing industry in Ethiopia, produces

Ribbed Steel Sheets of excellent edge and quality

surface finish for roofing and wall cladding of

industries, factory buildings, warehouses and

residential buildings.

Ribbed Sheets are manufactured from

Galvanized or colored pre-coated sheets.

• K300 (3 ribs), K500 (5 ribs), K600 (6 ribs)

• Thickness from 0.3mm up to 0.8mm

• Length from 1m up to 12m.

WIRE NAILS

KOSPI produces strong, center-headed and

polished wire nails. The Factory has the capacity

of producing 600 quintals of nails per week.

Each package of KOSPI nails, identified by the

print “TOUGH KOSPI NAILS” contains 5kgs.

Nails of various sizes are used to join or anchor

materials, primarily wood and other building

materials. They are essential in carpentry and

construction works.

J-BOLTS

KOSPI manufactures Galvanized J-Bolts and

Metallic Washers with the standard lengths of

200mm, 250mm and 300mm, which are used to

fasten ribbed sheets to roof structure, wall

cladding or similar structures. The factory

manufactures J-Bolts in various lengths based on

customers’ request.

KOSPI’s J-Bolts are packed in 250 sets. A set

contains 1 J-Bolt, 1 nut, 1 metallic washer and 1

plastic washer.

BINDING WIRE

KOSPI manufactures

electro-galvanized or

black Binding Wires

with wire diameter of

0.5mm up to 5.5mm,

and a standard roll

weight of 25kg.

Binding wires are

mainly used to join

reinforcement bars

for concrete works.

CHAIN LINK

Chain links are used for fencing and covering

walls where ventilation is required. KOSPI Chain

Link wires are Electro galvanized, and are

available with the following sizes:

• Pitch sizes: 39mm, 45mm, 57mm,

65mm, 72mm, 86mm, 113mm and

142mm.

• Standard rolls: 1.5m or 2m wide and 25m

long.


• Standard wire diameters: 2.0mm,

2.24mm and 2.5mm

Wire diameters can vary from 0.8-3.5mm. Based

on customers’ requirements, length and width of

roll can be adjusted.

KOSPI’s Chain Links are manufactured in a

variety of wire diameters.

HEXAGONAL WIRE NETTINGKOSPI is the only company producing

Hexagonal wire netting which are used for

chicken houses, covering windows where

ventilation is required and for binding materials

on concrete wall plastering.

Two types of hexagonal wire netting are

available with pitch size of 1” and 1/2”.

Hexagonal wire nettings are manufactured from

0.6mm diameter galvanized wires. Each roll

covers 1.8 meter by 30 meter area.

BARBED WIRE

KOSPI manufactures electro-Garvanized barbed

wires with standard wire diameters of 2.24mm

and standard bundle weights of 10kg, 15kg and

20kg. Barbed wires are used to prevent people

and large animals crossing fenced areas.

WOOD SCREW

KOSPI is currently the only company producing

wood screws in Ethiopia.

The Factory manufactures nine different sizes


(diameter in mm x length in mm) of wood screws

(3.2x20, 3.2x25, 3.8x30, 3.8x35, 3.8x45, 4.5x50,

4.5x55, 4.5x65, 4.5x75). Wood screws are used to

fasten wood, for furniture and other purposes.

U-NAILS

KOSPI manufactures U-Nails, which are used to

install fences of wire meshes, chain links and

barbed wires on wooden poles. Standard U-Nails

are manufactured from 2.24mm diameter

galvanized wires, Wire diameters can be

increased up to

4mm.

STAPLE PINSStandard staple pins are also produced in

KOSPI, which can be used for office stationary

purposes.

The standard size and quantity of staple pin is

designated as 1000-24/6.

SHOE TACKShoe tacks are fabricated from black steel wires.

Each KOSPI Shoe Tack packet weighs 470 gms

and contains Shoe Tack of 2cm long. Each Shoe

Tack are used for ceiling works and for other

works requiring smaller size nails.

ENGINEERED PRODUCTSKOSPI manufactures engineered products for

any service requested by customers regarding

steel structure and sheet metals.

This includes the production of Steel Poles, Steel

Structures (Towers, Warehouses, Factories, etc.),

Fuel and Water Tankers, Canopies and other

custom based engineered products.

MARKET OUTLETS,CUSTOMERS & SUPPLIERS

Currently, KOSPI has its own sales-outlet points

at the premises of the Factory, in Kombolcha, at

addis HOME DEPOT plc’s premises, at

Lamberet, Akaki, Nazareth, Shashemene &

Awassa.


LOCAL CUSTOMERS

KOSPI’s major local customers are Contractors,

Distributors, Institutes, Government Organ-

izations, Retailers, and Individual Customers.

FOREIGN CUSTOMERS

KOSPI is currently in the process of exporting its

products to Djibouti.

SUPPLIERS

KOSPI obtains its packing materials, RHS and

Angle Iron, and Saw Dust from the local market

(including WANZA Furnishings Industries plc, a

member of the MIDROC Ethiopia Technology

Group); whereas annealed and un-annealed GP

Coils, Steel Pipes, Wire Rods, Spare Parts and

Chemicals are imported from overseas.

FUTURE PLANSKOSPI will proceed in developing and providing

additional engineered products to the market,

which will make the company a leader in

Ethiopia. Making Agricultural machinery,

prefabricated structures, construction equipment

and industrial machinery are areas in which

KOSPI is currently planning to engage in the

near future.

KOSPI will strengthen its marketing activity, in

order to increase its market share in the country.

The company has put a roadmap to excel the

competition through better product quality and

through diversification in the steel sector.

CORPORATE CITIZENSHIPRESPONSIBLITY

The company is involved in different social



Ethiopian Society of Mechanical Engineers;

Business Associations such as Ethiopian

Manufacturing Association, Addis Ababa

Chamber of Commerce and Ethiopian

Employers’ Federation; and Humanitarian and

other Associations such as Ethiopian Red Cross

Society, Ethiopian Mental Health Society,

Children’s Heart Fund of Ethiopia, and Green &

Clean Addis Ababa Association.

Presently, KOSPI employs a total number of 276

employees, of whom 176 are permanent and 68

are on contract. The remaining 32 are

secondment employees from TRUST Protection

& Personnel Services Plc.


BACKGROUND

MIDROC Gold Mine Pvt. Ltd. Co. is engaged in

mining and exploration activities in Ethiopia.

The company is actively involved in mining gold

while being also engaged in exploration to find

new gold deposits.

MIDROC Gold owns and operates

the Legadembi Gold Mine, that was acquired at

USD 172 million from the Government in June

1997. The Company obtained Mining Right in

March 1998, and started operations in August

1998. It is the only industrial scale gold mine in

Ethiopia, which is located in the Oromia

Regional State, Guji Zone, Odo Shakisso

Woreda; about 500 km south of Addis Ababa. It

is an open pit mine and gold is recovered by

Carbon-In-Pulp technology. An underground

mine is being developed for full-scale operations

in 2008.

MIDROC Gold became a member of the

MIDROC Ethiopia Technology Group in the

year 2000.

ACTIVITIES

I. INVESTMENT NATURE

The company is established to undertake the

following activities

• Engage in mining, exploration,

prospecting of gold and other minerals.

• Engage in the development, production

and processing of economic minerals and

by-products.

• Enter into business transaction in the

selling and buying of the products both

within the local and foreign markets.

• Perform both field and laboratory studies

on all useful minerals so as to determine

and ensure the reserve and the extent of

the deposit.

• Engage in shallow and deep drilling

operations so as to determine and ensure

the reserve quality and depth extent of the

deposit.

MIDROC Gold Mine P.L.CP. O. Box: 2318 Addis Ababa, Ethiopia

Tel.: +251-11-372-8218/19/20/21Fax: +251-11-372-8227




• Engage in wholesale or retail selling of

gold and other minerals both to foreign

and local markets.

• Engage in the production and

importation of equipment consumable

and spare parts related to the above

operations.

• Enter into hedging and similar contracts.

• Construct building and alter buried assets

related to mining and exploration

activities.

• Engage in any other business activities

which the Company may think relevant to

enhance the above mentioned business

purposes of the Company.

II. PRODUCT/SERVICE

(a) Mining

The Legadembi open pit mine was

originally designed (before the acquisition

from the Government) to a vertical depth

of 210m from the surface with a mine life

of 10 years (1998-2007) with an estimated

original reserve of 39,590 kg of gold.

Subsequently reviewed, redesigned and

optimized by MIDROC Gold, after the

acquisition, with an additional depth of

50m the reserve was increased and the life

of the mine was increased by 4 years

(1998-2011) to a total of 14 years of life.

This is being improved using modern

technology methodology and exploration

to further improve the life of the mine,

which is vital to the surrounding

community.

On average, about 7 million tones of

material is mined from the open pit

annually, which is composed of about 5.4

million tones of waste and about 1.6

million tones of ore. Ore is the gold-

bearing rock, while waste is barren rock

that has to be mined out from the pit in

order to expose the ore and provide safe

operating space. MIDROC Gold is

engaged in development & expansion

activities by using underground mine

projects and new exploration activities to

enhance its operation and improve the life

of the mine.

(b) Gold Production

Gold is recovered by a Carbon In Pulp

(CIP) technology processing plant. The

processing plant is capable of treating 1.6

million tones of ore annually. The

processing plant consists of a 3-stage

crushing section, a 2-stage grinding

(milling) circuit, leaching and Carbon-In

Pulp (CIP) circuits, followed by stripping,

elusion, electro-mining and casting of

gold + silver bullion in a form of Doré.

Yearly average production is about

4,500kg of gold-silver doré (fine gold

production is in the order of 3,500kg).

The average finess (proportion in the

doré) is 80% for gold and 20% for silver.

Total production from August 1998 to

December 2006 is 36,444kg of doré,

composed of 28,262.33 kg of gold and

8,073.87 kg of silver.

(c) Support Services And Facilities at

MIDROC Gold

Environment

MIDROC Gold is equally concerned for

the environment and exerts effort in order

to maintain acceptable environmental

standards in the industry and comply with

government obligations.

It has put in place Environmental

Management System and Policy,


Rehabilitation and Closure Plans, Sinking

Fund, Environmental Impact

Assessments, Clean up and Awareness,

etc.

Tailings Dam

Tailing from the process plant has to be

stored in a dam built for the purpose.

MIDROC Gold is using an earth dam

that was constructed during the opening

of the mine. The dam needs periodical

expansions to handle the expected tailings

from increasing productions.

Consequently, a tailings dam expansion

project is in place and the dam has

already been raised three times (in slices of

3 meters) up to the end of 2006. The

dam will have the capacity for tailings

from the current open pit, underground

and East Sakaro.

Emulsion Plant

The open pit uses considerable amount of

explosive for mining. The previous

blasting system was unsafe, and inefficient

on wet ground. With the increase of

mining capacity, mechanization of

blasting was necessary; MIDROC Gold

arranged for an Emulsion Plant with

African Explosive Limited (AEL) of South

Africa. The plant is now fully operational,

with a monthly capacity of 500 tonnes of

emulsion. The new system improved

safety, flexibility and performance of

blasting. It also avoids importing of

explosives to the country; except the raw

material for the preparation of the

emulsion. Emulsion is not explosive until

it is charged to the blast holes.

Fuel Depot

MIDROC Gold uses diesel for mining

machineries, and fuel storage capacity

had to be improved in line with increasing

mining capacity in the last few years. A

depot was built with 500,000 liters

capacity. The old depot had only 150,000

liters capacity. The new depot improved

safety of fuel storage and secured

continuous and un-interrupted

operations.

Electronic Security

State-of-the-art electronic security system

is in place around sensitive production

sites and service facilities. The system is

composed of surveillance cameras and

monitoring panels, sirens, razor-blade

fence and lighting systems.

Power House

A powerhouse of five standby diesel

generators (total 5MW) is installed,


capable of running the process plant and

other facilities during power outage of the

national grid.

Heavy Duty Maintenance

Considering the huge fleet size of heavy-

duty equipment and machineries at the

Legadembi operations, this facility is the

most important one of all the support

facilities. It is composed of maintenance

policy & planning and various workshops

both for the light and heavy-duty vehicles,

equipment and machineries. The system

is periodically reviewed and updated to

cope up with the production plans.

Water Treatment Plant

MIDROC Gold owns and operates a

water treatment plant, with treated water

capacity of 1080m3/day. The facility is

composed of two pumps of 330m3/hr

and 50m3/hr capacities and three

reservoirs of 50m3, 150m3 and 200m3

capacities. The 330m3/hr capacity pump

supplies water both to the treatment plant

and the gold processing plant.

Other Ancillary Services

Cafeterias, Clinic, residence homes, sport

facilities, etc.

Employment

Presently MIDROC Gold has a total work

force of 1,413 of which 1,171 are

permanent, 111 contract, 115

secondment employees, and 16

expatriates. The number of expatriates

has gradually been reduced from peak

number of 34 before year 2000 to the

present 16 in 2006, through a carefully

designed Ethiopianization program. The

reduction was done through systematic

knowledge transfer, training and

empowerment of Ethiopian professionals.

The 115 secondment employees are from

Trust Protection and Personnel Services

Plc.

Major Company Policies

MIDROC Gold operates in dynamic

systems that are periodically reviewed and

updated policies, directives, manuals,

organizational structures, etc. It has now

developed and implemented Human

Resource Policy, Financial Policy,

Materials Management Policy,

Environmental Policy, and Maintenance

Policy.

III. MARKET/SALES

Sales

MIDROC Gold is a major exporter of

precious metals and is one of the major

foreign currency earners for the country.


Unlike other types of businesses, the

Company does not market or have price

setting strategies, because gold is sold in

the international markets at prices that

vary on daily basis. MIDROC Gold’s

sales reference is the London Bullion

market. MIDROC Gold’s doré bars are

shipped to Argor Heraus refinery in

Switzerland; the gold is then refined and

sold to Commercial Bank in Zurich

Switzerland.

The total sale from August 1998 to

December 2006 is USD 324 million,

which is about Birr 2.7 billion. Payments

made to the government (for the same

period) in forms of taxes and royalty

amount to Birr 203 million.

Capital Expenditure

Mining is a highly capital-intensive

venture and MIDROC Gold is no

exception. MIDROC Gold injected a

capital expenditure of about Birr 864

million in the last 81/2 years (Aug. 1998

to Dec. 2006) on the operations and

different projects. MIDROC Gold’s 2007

overall (Operation, Projects, etc.) budget is

well over Birr 630 million.

Future Business Plans

Based on the combined productions of

the presently operating open pit mine, the

Legadembi Underground mine and the

East Sakaro Project, MIDROC Gold has

put in place strategies to continue mining

for another 14 years, i.e., up to the year

2020. Considering the other promising

targets currently under exploration,

MIDROC Gold’s strategic production

plan would extend well beyond 2020.

INVESTMENT PROJECTS

Development & Exploration Projects

(a) Legadembi Underground

Development Project

MIDROC Gold is also planning to mine

the deeper level resources of the present

open pit mine. For this purpose, an

underground development project is in

progress. To-date, more than 3.8 km of


underground workings have been done,

and the deeper resources have been

evaluated for a minable vertical depth of

115m below the open pit bottom and a

length of 350m (Shallow Resources). The

evaluation was done based on exploration

core drilling that was conducted from the

underground. The ore bodies are open

both at depth and along the length,

exploration drilling will continue for the

deeper levels (up to 230m below the open

pit bottom - Deep Resources) and other

ore bodies that have not yet been

evaluated.

Cut-and-Fill mining method has been

selected and confirmed by an

international consultant; the

corresponding mine design has been

done. The project is presently preparing

the relevant underground infrastructures

required for a full scale underground

mine, which is planned to commence in

2008. With the additional resources to be

upgraded and evaluated in 2007/2008,

the planned life-of-mine of the

underground mine will increase. This is

based on the total Shallow and Deep

Resources that are estimated to contain

additional Doré, i.e., gold & silver.

(b) Exploration Projects

The principal objectives of exploration

works are to secure additional reserves for

sustainable gold supply of the present

operations and also to develop new mines.

MIDROC Gold started limited

exploration works in 1999. However, the

more organized and aggressive

exploration works was started in year

2004 with intense exploration activity

being conducted at two different regions

in the country.

Presently, there are three Exploration

Licenses, namely, Legadembi Exploration

License (43.5 sq. km.), Ulaulo-Meleka

Exploration License (441 sq. km.), in the

South of the country and Metekel

Exploration License (1965 sq. km.); in the

North-West of the country with a total of

2450 sq. meter of exploration land.


Thus far, thirty-four (34) gold exploration

targets have been identified: 17 targets in

the Adola-Legadembi and 17 targets in

the Metekel Exploration Licenses. The

most advanced target at this stage is the

East Sakaro Project.

The East Sakaro Project is presently at

pre-feasibility status. This and the

detailed Mine Design and the

Environment & Social Impact Assessment

Studies will be completed in 2007.

Depending on the results, the

underground development works will

commence in 2008, and full-scale mine

production is scheduled for 2009. The

projected mine life at Legedembi will

further increase and the new development

work is finalized. MIDROC Gold’s “2020

vision” is expected to increase the

operational life of the company well

beyond the year 2020.


MIDROC Gold Mine PLC is actively

participating in the activities of the Corporate

Intervention Team (CIT) on HIV/AIDS, which

has been organized under the Office of the CEO,

MIDROC Ethiopia Technology Group, to

prevent and control the spread of HIV virus

among the employees of MIDROC Ethiopia

Technology Group Companies and their family

members, who are part of the large society.

The company also gets engaged with the

community around its operations, in corporate

citizenship activities such as supply of drinking

water, road constructions, sanitation, different

assistance to religious and government

institutions, etc. The One Million Birr worth of

water purification and distribution system for

Shakisso town, is one example of the Company’s

engagement in the corporate citizenship

activities.

MIDROC Gold mine is a member of different

Business Associations such as the Addis Ababa

Chamber of Commerce, Ethiopian Employers’

Federation, Ethiopian Mental Health Society,

Children’s Heart Fund of Ethiopia, and Green &

Clean Addis Ababa Association.

AWARDS AND RECOGNITIONS

MIDROC Gold has won several Awards during

the last years of its operation, i.e.

• Century International Gold Quality Era

Award; from Business Initiative

Directions, Geneva; in year 2003.

• Excellent Performance in the Export of

Gold; from Ethiopian Export Promotion

Agency; in year 2002/2003.





Minerals and Marble; from Ethiopian

Export Promotion Agency; in year

1999/2000.





Background

Modern Building Industries Plc (MBI), was

established in 1995 and came under the

leadership of the Office of the Chief Executive

Officer of the Technology Group in August

2001.

MBI is engaged in the production and marketing

of different types of paints, non metallic filler

materials, concrete blocks and tiles, and quartz

floor tiles products.

Operation and ProductionCapacity

MBI has its Main Office in Addis Ababa and

Four production plants - Three at Dukem (Paint

Factory, Quartz Floor Tiles Factory, Concrete

Blocks & Tiles Factory) and the forth one is

Awash (Filler plant).

Operation Machinery andProduction Capacity

Fillers

Fillers are generally inert substances which

improve a product’s specific gravity, hardness,

brittleness, strength in impact and compression,

refractoriness, electrical and heat conductivity,

smoothness of surface, color, transparency and

other properties.

The plant is specialized in the production of

Awash Fillers from non-metallic minerals;

namely Limestone, dolomite, quartz, fieldspar,

mica, bentonite, diatomite etc.

Awash Fillers are main ingredients of products

like paints, detergents, rubbers, ceramics, plastics,

cultured marble, stucco, terrazzo tiles, putty,

adhesives etc.

Modern Building Industries P.L.C.

“The Source for Excellent Products andServices for use in Construction Projects and

Related Industries”

P. O. Box 13093 Addis Ababa, ETHIOPIATel. +251-11-372-0555 / +251-11-371-3354


Website: www.midroc-ethiotechgroup.com


MBI’s Awash Filler Plant, is the only one of

its kind in Ethiopia. It owns a range of

modern machinery imported from Germany and

Jordan. Equipped with highly automated

machinery, the Filler plant can supply its

micronized products in fineness of 15micron,

20micron, 45micron, 63micron and 90micron.

At full-scale production, the plant has an annual

capacity of 18,000 tons in three shifts.

Paint Factory

The Paint Factory manufactures different types

of decorative and protective paints for

construction, industries and vehicle. The factory

uses imported and locally - based raw materials

in its paints products for supply to the market.

Major paint products include:

• Wall Paints: DIL - Mica, DIL Super and

DIL - Wubet.

• Synthetic Paints: DIL - Enamel, DIL

Aluminum/Silver, DIL - Automotive

Paint and DIL - Hammer Finish.

• Primers: DIL Metal-Primer, DIL Zinc -

Chromate.

• Wood Paints: DIL Alkyd Varnish, DIL

Polyurethane Varnish, DIL Furniture

Lacquer, and DIL - Sanding Sealer.

• Other Products: DIL - Black board

Paints, DIL Traffic Paints, DIL - Glue,

DIL - Cement Paints and NC - Leather

Paints.


Textured Paints: MBI has recently started

producing DIL QUARTZ, high grade

Textured Paints for interior and extension

applications.

MBI’s Paints Factory has an annual capacity of

producing 4.5 million liters of different types of

quality DIL paints per day, on a single 8hrs. shift.

MBI Quartz Floor Tiles Factory

MBI produces high performance, heavy duty,

semi-flexible, 71% quartz reinforced floor tiles in

its newly established, state-of-the-art

manufacturing plant, located at Dukem and

supply the local, as well as the overseas markets

with the product.

The Floor Tiles are available in:

Color: 23 dynamic colors

Thickness: 1.6mm

2.0mm

2.5mm

3.2mm

Size: 300mm x 300mm

300mm x 600mm

600mm x 600mm

The users of Floor Tiles include Private Houses,

Real Estate Development, Office Buildings,

Airport Terminals, Factories, Warehouses,

Supermarkets, Shops, Hospitals, Schools,

Universities, Recreational Facilities, Heavy

Pedestrian Traffic Areas etc.

MBI Quartz Floor Tiles are recommended and

guaranteed for areas requiring the use of fork lift

trucks, pallet trucks and other wheeled traffic.

Concrete Blocks & Tiles

Many types of products are manufactured under

concrete block & tiles operation to meet the

growing needs of the construction industry.

Products under this category include Hydrafoam

(interlock) Blocks, Concrete Floor (Pavement)

Tiles, Terazzo Tiles, Roof Tiles and Cultured

Marble. These products are available in various

sizes, patterns and designs. The factory mainly

uses local raw materials for the manufacturing of

the above products.

MBI’s Quartz Floor Tiles Factory has a capacity

of 720,000 m2 of Quartz Floor Tiles per year in

three shifts.

Accomplishments

MBI has established and organized its own

outlets, distributors and sales agents located in

different places of the country to distribute its

products to serve its customers. Construction

industries, real estate development, road

construction, agriculture, government and other

organizations, metal and wood workshops,


building material shops, soap and detergent

factories, paint factories, rubber & plastic

industries, and private users are the company’s

major customers.

MBI has its own sales outlet in Addis Ababa

(around Sar Bet Gebriel Church - within the

premises of addis Home Depot plc), Mexico

Square area (in front of Coffee & Tea Building)

and Sholla (CMC road). Other outlets outside

Addis Ababa include Dire Dawa Branch, Awash

Branch, Nazreth Branch, Shashemene Branch

and Awassa Branch. The company also provides

door to door sales service to its customers. It also

uses Agents at Mekele, Dessie, Bahir Dar and

Jimma to distribute its products.

The Company has received various local and

international Awards as per following:

Awards Achieved

• Best Stand Award at 9th International

Exhibition and Bazar organized by Addis

Ababa Chamber of Commerce; in the

year 2004.

• International Quality Crown Award;

in year 2003

• International Platinum Award; in

year 2002

• First place winner at the exhibition and

bazaar organized by the Addis Ababa

City Administration Trade, Industry and

Tourism Bureau in the year 2002 under

the theme “I am Proud of the Quality of

Ethiopian Products

• Received International Platinum

Award; in year 2001.


The Company is involved in different social


different Business Associations such as the

Ethiopian Manufacturers’ Association, Addis

Ababa Chamber of Commerce and Ethiopian

Employers’ Federation; Humanitarian and other

Associations such as Ethiopian Mental Health

Society, Children’s Heart Fund of Ethiopia, and

Green & Clean Addis Ababa Association.

MBI employees a total number of 293 people of

whom 31 are secondment from TRUST

Protection & Personnel Services Plc.

These days, industries are facing the challenge to

control pollution within acceptable level. An

effective solution to the challenge of

environmental protection is implementation of

Waste Management System according to the

nature of waste discharged by the industries.

MBI’s Paints Plant has been relocated to a wider

developmental area, at Akaki, in year 2004 at a

cost of Birr four million to expand its operation

and to eliminate the long pending environmental

concern of the company.

The company has also recently instituted a

Functional Safety Committee, which among

others, develops occupational safety and health

rules policies for management decisions.

BACKGROUND

RAINBOW EXCLUSIVE CAR RENTALAND TOUR SERVICES P.l.c. (RES) wasestablished in 1999 and joined the MIDROCEthiopia Technology Group in February 2007.

The Company is led by a General Manager,directly reporting to the CEO. The company hastwo operation units: Car Rental Operation andTour Operation; and four Service Units: HumanResources Services, Financial Services, Materialsand Stores Management Services and TechnicalServices.


Rainbow Exclusive Car Rental and Tour Services P.L.C.

“Promoting Tourism with Exclusive and distinctive services to customers”

P.O.Box 9254 Addis ababa, Ethiopiae-mail: [email protected]

Fax:+251-11-551-5244Website: www.rainbowtravelplc.com

Tel:+251-11-551-3755/-515-0644



COMPANY’S SERVICES

• Car Rental Services• Tour and Related Services

PRESENT UNDERTAKINGS

The car rental operation of Rainbow, rent outcars on chauffeur or self drive basis. TheCompany, currently possess modern deluxeautomobiles with a comprehensive insurancecoverage providing the following services.

• Tour Service • Shuttle Service • Executive Service• Wedding Ceremonies • Special Services• School Bus Service • Employees’ transport • Outing programs • Patrol Service

RES is a notable tour operator in the countrywith carefully drawn tour programs (itineraries)with different destinations and durations to satisfythe diversified needs of customers. The touroperation provides all the necessary campingfacilities. It has also well trained Tour Guides.

The Unit provides the following services:

• Tour Service (Tour with escort guide,Tour without escort guide and with agentguide)

• Professional guide• Transfer Service• Hotel Reservation• Transport Reservation

The company has a total number of 48permanent and 25 contract employees who arequalified and well trained in their area ofengagement.

FUTURE PLANS

• Undergo extensive market research foridentifying potential markets.

• Participate in selected international andlocal trade fairs to reach tourist organizingcompanies to establish strong customerbase.

• Develop different seasonal packages(itineraries) besides the regular packagesand introduce same using differentmethods.

• Open branches in different touristattraction areas.

The Compay is

engaged in touring

activities and any other

related business

activities which it may

find relevant to

enhance the above

mentioned purposes.

BACKGROUND

Summit Engineered Plastics plc has becomeunder the leadership of the Chief ExecutiveOfficer, MIDROC Ethiopia Technology Group,from March 2006. SEPCo is engaged inmanufacturing and selling of plastic packagingproducts.

The company is led by a Deputy GeneralManager directly reporting to the CEO. It hasone manufacturing operation and five serviceunits, all of which are led by qualified Managerswho are keen to their work.

SEPCo has provided job opportunities for 257permanent and 41 contract employees who workon three shifts to meet the market demand.

PRODUCTS AND SERVICESThe plastic products produced by skilled andexperienced employees complying with therequired standards are highly demanded in themarket.

a. Polypropylene Bag (PP bag)Polypropylene Bags (PP bag) producedwith holding capacity of 5 to 100 kgs and

Summit Engineered Plastics P.L.C.

“Positioned to serve customer needs with well-engineered plastic products”

P. O. Box: 62887, Addis Ababa, EthiopiaMain Office:Tel. +251-11-660-4877 / 4878


Website: www.midroc-ethiotechgroup.com



color as perthe need of

the customerare used for

packaging ofSalt, Sugar,

Flour Productsand Cereals.

b. Hessian ClothHessian Cloth which is produced indifferent colors is used for sealing,wrapping of different products and rawmaterials; and for covering building underconstruction.

c. Poly SheetPoly Sheets which are produced with sizeof 40 - 200cm and thickness of 80 - 500gauge are used for wrapping and coveringdifferent products such as semi andfinished hides and skins, plastic bottledbeverages and horticulturalproducts.

d. Poly BagPoly Bagsused forpackagingof raw and

processed food products such as meat,poultry products, vegetables, cereals,spices, flour etc. are produced withholding capacity between 0.5 to 100kgand thickness of 80 - 500 gauges.

e. CratesCrates which can be produced in differentcolors and sizes are used for handling

different kinds of brewery bottles, breads,fruits etc.

CORPORATE CITIZENSHIPRESPONSIBILITYSEPCo has providejob opportunities for 257permanent and 41 contract employees who workon three shifts to meet the market demand.


Trans Nation Airways P.L.C.

“VIP Treatment in all Air Transport Services”

MAIN OFFICE:P.O.Box 233 code 1110 Addis Ababa, Ethiopia

Fax:+251-11-372-9108e-mail: [email protected]

MARKETING:Tel:+251-11-320-6498/5658



BACKGROUND

Trans Nation Airways Plc (TNA) was establishedon May 6, 2003, and started operation in April2004, after receiving air Operator Certificate(AOC) from the Ethiopian Civil AviationAuthority and Business Operating Certificatefrom the Ministry of Trade and Industry and isled by a General Manager who directly reports tothe CEO.

TNA was initially established with under anoperating agreement and later under a dry leaseagreement of two Dash-8-200s and two AyresTurbo Thrush aircraft signed between TNA onone hand and MIDROC Ethiopia Pvt. Ltd. Co.and MIDROC Leasing Company Inc. on theother.

The Company provides the followingservices:

• Domestic and International Passenger Air Transport Services

• Domestic and International Cargo Air Transport Services

• Aerial Spray Services• Rescue and Search Transportation

Services• Medical Emergency and Evaluation

Transportation Services

PRESENT UNDERTAKINGSCurrently, TNA is undertaking local andinternational lease and charter operations. loc


The two Dash-8s are wet leased to Trans Atticoin Sudan and Rwanda Air Express in Rwanda.From time to time, they are also deployed forcharter operation within domestic and to/fromforeign locations. The two Turbo Thrush aircraftare normally dry leased for locust control andagro-spray services. So far, they have operated inWest Africa and the Sudan.

The Turbo-Thrush aircraft are available toprovide spray service in the country and outside.

FUTURE PLANS

• Lease/Purchase cargo aircraft and enterinto the growing cargo market.

• Formulate plans and action itemsnecessary for the provision of scheduledair transport services in anticipation ofthe possible lifting of the seat limitations.

• Work towards the establishment of anaircraft maintenance workshop to serve as

a modest beginning and a stepping stonefor the establishment of futuremaintenance facility.

• Enter into joint venture operation withother airlines or organizations in airlineand travel related activities.

• Acquire helicopter for the Airline’sgeneral aviation activities.

• Lease or lease/purchase 19 to 30 seataircraft to cater for domestic charter andwhen possible also for scheduledoperation.

CORPORATE CITZENSHIPRESPONSIBILITY

Currently, TNA has 44 permanent employees.The company is actively involved in differentsocial activities. It is a member of different localHumanitarian and other Associations such asEthiopian Mental Health Society, Children’sHeart Fund of Ethiopia, and Green & CleanAddis Ababa Association.

MANPOWER

The airline is run by a highly qualifiedmanagement group possessing extensiveacademic and technical training and experienceranging up to 30 years in the field of commercialaviation, and also has highly qualified pilots,technicians, and cabin crew personnel who aretrained locally & internationally.



The pilots have over 10, 000 hours of Airlineflight experience and are of B-767-300, B-727and Dash-8-200 type ratings.

The Aircraft Technicians have many years ofAirline Maintenance experience and possess, likethat of the pilots, B-767/757, B-727, B-737 andDash-8-200 type ratings. They are capable ofaccomplishing tasks required by Ethiopian CivilAviation Authority Maintenance Program and

perform 100% line maintenance in the Dash-8-200 Aircraft.

The Cabin Crew are trained on the Dash-8-200aircraft emergency procedure and general cabinservice requirement. Invariably, all of them havework experience ranging between 5-8 years. Thehighly experienced cabin crew has been engagedin the training of cabin crew of other Airlines inAfrica, in addition to flight hostess duties.

BACKGROUND

Trust Protection & Personnel Services Plc was

established in November 2002, under the

leadership of the Office of the Chief Executive

Officer, MIDROC Ethiopia Technology Group.

TRUST is engaged in providing protection and

other professional personnel on contract basis;

rendering safety and fire equipment marketing

and services for interested organizations.

SCOPE OF SERVICES

TRUST is engaged in the following major

services:

Protection Services

• Executive Protection Services

• Consultancy

• Manned Guarding

• Escorting

• Training

TRUST Protection & Personnel Services P.L.C

“Recruiting & Providing Professionals andothers with

Reliable and Trustworthy Services and trainedto

deal with any assignments; as well as state-of-the-art

safety products & systems for use by ourcustomers”

Addis Ababa, Ethiopia



Safety Services

• Protective devices that provide the best in

personnel safety & security.

• Safety inspection, Training and follow up

of inspection provisions by Professionals.

Personnel Services

• Skilled and unskilled personnel services to

companies and individuals.

• Training Services.

What makes TRUST different from

Other Service Providers?

For comprehensive Protection and Personnel

services the following aspects are important:

• Reliability

TRUST is a member of MIDROC

Ethiopia Technology Group, organizesd

under the umbrella of the Chief

Executive Officer.

• Selection

Protection Personnel

TRUST maintains close contact with the

(concerned) relevant Government Authorities

regarding the screening and selection of potential

candidates to be trained as Protection Officers.

Selection criteria include:

• a minimum qualification of 12th grade,

ability to read, write & speak local

language and English,

• a proven employment record in the field,

medical fitness, professionalism, etc.

• All candidates are screened for criminal

records. TRUST hires employees on

contract basis to render services for local

customers.

Other Personnel Services

TRUST maintains record of skilled & semi-

skilled personnel in its human resources data-

bank and avails from same to MIDROC Ethiopia

Group Companies as well as other interested

Organizations. TRUST selects and assigns

personnel with good scholastic standing and

exemplary work record.

• Training Protection Personnel

All selected candidates are made to

undergo a rigorous course in Basic

Protection Duties and Procedures,

refresher programs and tests prior to

deployment to any client site. Fire

fighting, First Aid, Threat Handling,

Personal Hygiene and Discipline are some

of the topics included in the training.

• Other Personnel Services

In addition to the basic education and

experience that the contract employee

possesses, TRUST provides the employee

with relevant skill upgrading training and


general orientation on the duties and

responsibilities of the job to which

assignment is given.

Other aspects that make TRUST different from

other service providers include:

• Supervision After Services

The Company is contractually bound to

adhere to a specific supervision to

maintain specific standards and quality of

service levels for the duration of the

contract period.

• Risk & Protection Surveys

The services will be based on a

comprehensive risk management, loss

control and protection survey, that will be

conducted at every post/point where the

customer requires a service to be

rendered. In this survey, all customers’

requirements will be addressed and

recommendations will be formulated.

• Three-shift System

TRUST mainly deploys Protection

Officers according to an accepted

Ethiopian Labor Law requirement of

3-shift system. The system allows for

continuity, ample rest, quality service,

retraining of personnel, and quality

family life for Protection Officers.

• Site Instructions

A comprehensive set of site instructions

(description of specific procedures) for

every post/deployment will be formulated

jointly with the customer. This will be a

working document available on each site

and it will be counter signed by the

Customer and TRUST.

• Site Administration

Every post/site will have a set of

administrative documents. This will

include site instructions, an occurrence

book, visitors log book, emergency

telephones, weekend log book, property

gate pass file, etc. These documents are

available on a 24-hour basis and can be

inspected by the customer at anytime.

• Control

All protection officers are subject to

proficiency test per contract. This

includes site procedure knowledge, threat

handling procedure and familiarity with

relevant current duty procedures and

directives. Others like kit inspection

discipline on duty, customer handling and

the officer’s honesty & integrity are

assessed regularly and reported to

customers.

• Customer Meeting

TRUST will conduct formal and

documented monthly/quarterly meetings

with the customer. These meetings will

address all aspects of the protection

services as required by both parties.


TRUST currently has twenty eight permanent

and one contract employees. Presently, TRUST

has deployed more than 2,260 contract

employees. These employees include protection

officers, office attendants, sanitary attendants,

vehicle operators, gardeners, clerks, porters, and

manual labor service providers who are

employed in different organizations including

embassies, banks, insurances, the MIDROC

Ethiopia Technology Group Companies, NGO’s

and other private and government offices.

The company is involved in different social


different Business Associations such as Addis

Ababa Chamber of Commerce; and

Humanitarian and other Associations such as

Ethiopian Mental Health Society, Children’s

Heart Fund of Ethiopia, and Green & Clean

Addis Ababa Association.

FUTURE PLANS

TRUST has a plan to upgrade its quality and

expand its services all over the country.



BACKGROUND

WANZA Furnishings Industries P.l.c. (WANZA)

was established in July 2003, and is engaged in

manufacturing of wooden furniture used in

offices, homes and industries.

The Company is organized under the Office of

the Chief Executive Officer of MIDROC

Ethiopia Technology Group, and is led by a

General Manager, directly reporting to the CEO.

The company has three Operation Units;

namely, Manufacturing Operations, Jimma

Operations and Awassa Operations, and five

major Service Units, all of which are managed by

qualified managers who have rich experiences.

BUSINESS UNITS

The Company has production facilities at its

Addis Ababa Manufacturing Operations and at

Jimma and Awassa Operations with total land

holding area of 22,000m2, 60,000m2 and

65,000m2 respectively. It also has a modern

Showroom at its Main Office.


• Building Materials

• Household Furniture

• Office Furniture

• Treated Wooden Poles

WANZA Furnishing Industries P.L.C.

“A name you can count on for all your home and Office Furnishings”

P.O.Box 3419 Addis ababa, EthiopiaE-mail: [email protected]

Tel:+251-11-151-7999/0463Fax:+251-11-150-4666

Telex: 21807



Household (Fernecher)

Building Materials

Treated Wooden Poles

Office Furniture


FUTURE PLANS

The Company focuses on products and market

development. Diversification strategies to

improve the existing products, expand its present

market and enter into a new market segment

with new products.


• The company’s operations are free from

air pollution. The sucking machine that

has been installed draws all dust materials

(waste) from the factory and protects the

environment from being polluted.

• WANZA currently has a total number of

327 employees of whom 288 are

permanent and 25 are contract

employees, the remaining 14 are

secondment employees from Trust

protection & Personnel Services PLC.

• The Company is also involved in different

social responsibility activities. It is a

member of different Business Associations

such as Addis Ababa Chamber of

Commerce; Humanitarian and other

Associations such as Ethiopian Mental

Health Society, Children’s Heart Fund of

Ethiopia, and Green & Clean Addis

Ababa Association.

AWARDS ANDRECOGNITIONS

• Certificate of Participation for the

company’s contribution in the

Construction of Outpatients Waiting Hall

for Zewditu Memorial Hospital in year

2004.

• Best Stand Award and Certificate of

Participation in the 9th Addis

International Trade Fair; Addis Ababa

Chamber of Commerce; in year 2004.


As pointed out earlier, MIDROC Ethiopia, being amember of the MIDROC International Group,operating in Africa, the Middle East, Europe and theUnited States of America, serves as an interface link tothese Group of Companies.

All International MIDROC Group Companies havebeen established with the aim of fulfilling specifiedbusiness objectives set forth for each one of them, asoutlined here below.

MIDROC Middle East

The long-term objectives of MIDROC Middle EastGroup Companies are to profitably:

• invest in manufacturing and services for the oilindustry;

• maintain a high degree of activity in theconstruction and construction related industryand to use this expertise as a springboard forfurther development in the Middle East andAfrica;

• enter and expand in the services sector;

MIDROC Middle East is a major business operation,with principal business revolving around construction,steel fabrication for pipelines, transportation, travel,property, livestock importation and allied services.

MIDROC Scandinavia

MIDROC Scandinavia AB aims to be a developmentcompany focusing mainly on industrial serviceconstruction related operations and real estatemanagement.

The long-term objectives are aimed at:

• developing new opportunities and extendingexisting technological activities in theengineering and construction industrythroughout Europe,

• working closely with the Corral Group toimprove performance in refinery operations;

• acquiring, owning, developing and managingcommercial properties

The Group employs high level expertiseconcentrating in the areas of engineering,construction, industrial services and real estate.

MIDROC Africa

The principal motive of the MIDROC Group ofcompanies in this part of the continent is, SheikhMohammed Hussein Ali Al-Amoud’s developmentvision for Africa. This declared intention to moveforward and invest in Africa’s future, considers thedevelopment of natural resource-based industries asmost viable.

Accordingly, the long-term strategic objectives ofMIDROC Africa are to:

• invest in the natural resource industries inminerals, oil, gas and energy;

• invest in port facilities and their management;• invest in manufacturing services that enhance

the economic independence of the host countryand add value to existing resources;

• invest in hotel, leisure and tourism services;• invest in infrastructure development projects;• invest in air cargo services;• invest in telecommunication and related services;

MIDROC Africa, though not formed formally as yet,is currently engaged primarily in investments andexpansion of businesses in various African Countriesthrough MIDROC Ethiopia’s Head Office.

MIDROC Ethiopia is at present working onpossibilities of establishing sound business anddevelopment projects in Djibouti, Uganda, Tanzania,Kenya, Republic of Yemen, Democratic Republic ofCongo and other African countries.

Moroncha Holdings

The Moroncha Holdings is a Company, holding allthe international companies of Sheikh MohammedHussein Al-Amoudi operating in the hydrocarbonbusiness sector. The companies are specificallyinvolved in exploration, production, transportation,refining, distribution and sale of petroleum in theMiddle East, North Africa and Europe.

MIDROC INTERNATIONAL


Background

Dashen Bank S.C is a privately

owned Commercial Bank engaged

in domestic and international

banking activities founded in

September, 1995 and consequently started

operation in January, 1996. The Bank started

operation with a paid-up capital of Birr 14.9

million and capital and reserve stood at Birr 386

million as at the end of June, 2006.

This leading private Bank in the market, has a

vision of “... Continuing to prove

unparalleled in banking service”.

As specified in its mission statement, it is

committed to “provide efficient and customer

focused domestic and international banking

services by overcoming the continuous challenges

for excellence through the application of

appropriate technology.” integrity and

accountability, customer satisfaction, sustainable

growth and stability and satisfied employees are

among the values cherished by Dashen Bank.

DASHEN BANK

DASHEN BANK has been awarded

as the “Best Bank

of the Year”Activities in service - giving area of the

P.O.Box: 12752, Addis Ababa, EthiopiaTel.No.:+251-11-4-661380/4-651645Fax No.: +251-11-4-653037SWIFT: DASHETAATelex: 21787E-mail: [email protected]: http//www.dashenbanksc.com

Our Banker and InsurerOur Banker and Insurer


Forex Bureau

Operation

Dashen Bank currently operates with manpower

strength of 1,593 and network of 40 Area Banks

and 4 foreign exchange bureaus connected with

WAN (Wide Area Network). As additional self

service outlets, it has installed 10 ATM Machines

at different locations in Addis Ababa and

distributed over 200 point of sale (POS)

terminals to merchant sites. The Bank, as a

principal member of VISA, the promising move

of introducing payment card system in the

domestic market is recording sound progress.

Products and Services

The domestic services of the Bank include

acceptance of deposits, provision of loans and

advances, local fund transfers and issuance of

local guarantees. The international banking

services domain, among others, includes

facilitation of foreign trade (import and export

L/Cs) and international payments and provision

of foreign exchange, foreign transfers (incoming

and outgoing) and accepts and issues foreign

guarantee services. Dashen Bank is the only

private bank working as an agent of Western

Union Money transfer.

Dashen Bank is the pioneer and the only Bank

that has implemented full-fledged payment card

service in the country as a principal member of

Visa International. Subsequently, the Bank has

started issuing Visa Debit Cards and acquiring all

kinds of Visa Cards issued elsewhere by Visa

Member Banks worldwide, which will enable

Visa Card holders access their

accounts (24 hours a day and 7 days

a week) for withdrawal and payment

purposes from the Bank’s ATMs and

POS terminals. Cash advance

service on visa international and

domestic cards are also being

rendered at all area banks and Forex

Bureaus.

Accomplishment

Dashen Bank, in over a decade long

service in the sector, has won the

confidence of external viewers and

other institutions, and has received

various recognitions.

Dashen Bank has been awarded as

the “Best Bank of the Year” for

five times in six years. Locally, it was

also the winner of both the

“Outstanding Enterprise” and

the “Most Honorable Business

Leader Award” for the Bank and

the CEO respectively. Moreover, it is

listed among the top 100 Banks in

Africa by 2005 and 2006.

Automatic Teller Machines (ATM)


P.O. Box 12753, Addis Ababa, EthiopiaTel.No.: +251-11-6-626667Fax No.: +251-11-6-626706E-mail: [email protected]: www.nyalainsurance.com

Background

Established in July 1995, Nyala

Insurance has become one of the top

privately owned insurance companies in

the country. During the last 12 years of

operation, the number of clients has

grown from 1,200 to 18,000. Nyala

Insurance SC is the first private

insurance company that started

operation at twelve service centers

nationwide which has now increased to

twenty centers with a substantial upsurge

in the amount of annual premium

growth from Birr 7.5 million to Birr 80

million despite deflation of premium due

to fierce competition in the industry.

During the last twelve years of existence,

“Care and Protection” commitment to

the society in general and to customers

in particular is getting positive

acknowledgement and impetus within

and beyond the Ethiopian boarder.

NYALA INSURANCE S.C.P.O. Box 12753, Addis Ababa, EthiopiaTel.No.: +251-11-6-626667Fax No.: +251-11-6-626706E-mail: [email protected]: www.nyalainsurance.com

Vision: “We Care and We Protect”Mission: Guarantee “Care and Protection” to ClientsLogo: Nyala Head represents Company’s “Caring” commitment and

The traditional Ethiopian Shield represents Company’s “Protection” CommitmentScript: In Amharic «πôHî{¨ RFzT»

In English “Your Seal of Protection”Motto: In Amharic zJØ¢Çè ôHî{è Reûv` ä´!!

In English “Your Protection is guaranteed”


Nyala Insurance’s Head Office

Background


Nyala Insurance SC started operation in generalinsurance, providing financial protection incausality and property portfolio namely, Motor,Fire and Lightning, Marine, Engineering, TheftLiability etc., subsequently adding its portfolio inAviation, Accident & Medical and Green House(Floriculture). Since a year, it has become acomposite company by adding Life Assurance inits total business envelope.

The Company has also extended its Care &Protection commitment to the EthiopianDiaspora living anywhere outside their homecountry. Nyala Insurance has now availed theopportunity to the Diasporas to buy Property,Accident, Medical as well as Life Insurance fortheir family members and their other belovedones residing in Ethiopia using the online servicevia:www.nyalainsurance.com

Nyala Insurance has provided job opportunitiesfor 196 employees and has a paid-up capital ofBirr 35 million. It has paid Birr 55.23 million intax to government and a dividend of Birr 50.84million during the period 1995 – 2006.

Nyala Insurance has been offering, Non-Life andLife standard and tailor made protection coversfor its esteemed customers and commit itself todevelop new products that would exceedcustomers expectation.

Major products, among others, are as follows:

Non-Life InsuranceAll Risk InsuranceAviation InsuranceBonds

Bid BondPerformance BondAdvance Payment BondCustoms Bond

Burglary & House Breaking InsuranceConsequential Loss InsuranceEngineering Insurance

Contractors All Risk (CAR)Erection All Risk (EAR)Contractors’ Plant and Machinery (CPM)Boiler & Pressure

Fidelity Guarantee InsuranceFire & Lightning InsuranceGreen House (Horticulture) InsuranceMarine Insurance

Nyala Insurance motivating women drivers in connection with March 8 Women’s DayAnnual Celebration.


Motor Insurance

Plate Glass Insurance

Personal and Group Personal Accident (GPA)

with/without medical extension Insurance

Professional Indemnity Insurance

Public Liability Insurance

Travel Insurance

Any other tailor made Insurance

Life InsuranceIndividual Life Assurance

Term AssuranceEndowment with/without profitWhole life with/without profitMoney BackGroup Term AssuranceIndividual AnnuityMedical Insurance for Individualand Group.

NyalaInsurance,well known foritshumanitariansupport as part

KYP “Know Your Policy”:

All NISCO’s existing and potential customers

are requested to view a “15-minute Know

Your Policy” video to acquaint themselves

with the highlights of major products prior

policy purchase and thereby creating

transparent partnership at the outset.

CAS “Customer Advisory Service”:

NISCO’s Engineers and Surveyors, make site

visits and provide free risk management advice

to corporate and individual customers existing

and/or potential.

IAS “Insurance Awareness Session”:

A one hour daily free session with frontline staff

on basic principles and practice of insurance at

all service centers for individual corporation

and students.

CFA “Call For Assistant”:

NISCO issues call for assistant tags to all motor

policy holders to be placed at a visible place

inside their vehicles. In case of accidents, the

driver or others may use the information on the

tag and call the nearest Service Center on office

hours from Monday to Saturday 0116 62 66 67

or 0116 18 00 00 outside office hours including

public holydays and weekends.

“NISCO –net”:

Services are provided to clients wishing to

insure their protection needs and/or their

families from any where in Ethiopia and/or

abroad at any one of the Service centers of

their choice and/or through its Website:

ww.nyalainsurance.com thereby acquiring

“Care and Protection” for their nationwide

needs from wherever they are.

“Staff Responsiveness”:

NISCO and its customers are partners in

service requiring routine and daily

enhancement accordingly,. Answer your

telephone calls within 4 rings and let you know

the name of the person you are talking to.

Get back to you on any query unanswered

there & then, within 24 working hours.

Be honest and open to you in all dealings,

whatever it may cost.

“Care & Protect”:

Care & Protect is NISCO’s daily menu and the

commitment ‘Your protection is Guaranteed’

and reconfirmed immediately after the policy

cover is prepared, signed, affixed and issued

with ‘YOUR SEAL OF PROTECTION’

stamp.

“Service Must Equate Promise”:

Please do let us know if what we promised to

you are not delivered to your satisfaction. Your

comment is the only key to open our heart and

mind and to work for utmost satisfaction of

those we serve nationwide. Please refer to our

official communication flow chart posted at

each service center. You can also call at

+251 116 626 708/07, or write to the

Managing Director P.O.Box 12753 Addis

Ababa, Ethiopia; or email him at

[email protected] or confidentially at

[email protected]


Head OfficeP.O.Box 24400 code 1000Tel: +251-11-5-538888Fax: +251-11-5-539595E-mail: [email protected] Ababa, Ethiopia

Sheraton BranchTel: +251-11-5-173697 / 5-171717 ext. 1672Fax: +251-11-5-539595E-mail: [email protected] Ababa, Ethiopia
