Rewards 400 top-performers
ADDIS ABABA – The MIDROC Investment Group is striving to take a dominant position in Ethiopia’s private sector GDP by boosting production and productivity.
The company yesterday recognized over 400 top-performing employees for their outstanding contributions during the past Ethiopian fiscal year, awarding them amounts ranging from 100,000 to 500,000 Birr.
Speaking at the award ceremony, CEO Jemal Ahmed highlighted the group’s efforts to secure a leading role in the private sector. During the just-ended fiscal year, MIDROC achieved 90% of its planned goals, contributing significantly to import substitution, job creation, and export earnings.
Despite these successes, Jemal stressed the need for continued efforts to maximize production and adapt to the country’s macroeconomic reforms. He noted that MIDROC produced goods and services worth over 26 billion Birr and generated 88.6 million USD in export earnings. The company also paid 9.6 billion Birr in taxes and allocated 980 million Birr for corporate social responsibility activities, creating over 71,000 jobs across its 45 subsidiaries.
Jemal urged senior leaders to implement cost-cutting measures and boost productivity to sustain future growth.
MIDROC Group’s Owner and Board Chairperson, Sheikh Mohammed Hussein Ali Al-Amoudi, joined the event via Zoom, expressing gratitude and encouragement to employees for their accomplishments. He also announced plans to create thousands more jobs in the near future.
Sheikh Mohammed Hussein Ali Al-Amoudi is the largest individual investor in Ethiopia.
BY TSEGAYE TILAHUN
THE ETHIOPIAN HERALD SUNDAY EDITION 15 SEPTEMBER 2024
