2merkato

The Ethiopian Sugar Corporation is ready to apply the Kaizen Method according to a statement issued by the Corporation.
Kaizen is a philosophy that concentrates on a continuous improvement in the processes, technology, quality, productivity, company culture and leadership.

The company is holding a discussion program on how to apply the method today at the Ethiopia Hotel.

The program is expected to be attended by 450 senior and mid-level management staff, foremen and supervisors Wonji-Shoa, Metehara and Fincha sugar factories as we as the Corporation’s Director General Abay Tsehaye and the Director General of the Kaizen Institute in Ethiopia according to sources.

The Ethiopian Privatization and Public Enterprises Supervising Agency is planning to privatize 20 publicly owned enterprises in this fiscal year.

The agency is expecting to earn an estimated 3.3 billion birr from the privatization of the enterprises which are currently being owned by the state according to Wondafrash Assefa, Corporate Communications Director with PPESA.

PPESA earned almost 6.2 billion birr from the privatization of state owned property in the previous financial year said Wondafrash. The sale of Meta Abo factory to international beverage company Diageo contributed about three billion birr to the total revenue earned he added.

Ethiopian company SoleRebels and its founder Bethlehem Tilahun were featured in a New York Times article covering entrepreneurship in Africa. The article entitled ‘Women Entrepreneurs Drive Growth in Africa’ noted that Bethlehem is one of a ‘wave’ of African entrepreneurs in Africa who are taking advantage of the economic revitalization on the continent noted the article.

The article covers the founding of soleRebels in 2004 with a small group of artisans living in the same community and a small workshop and follows its growth to become a multi-million dollar international enterprise with its handmade and environmentally friendly shoes selling for 60 US dollars and more.

The European Union is to support the efforts to modernize and expand the industrial sector. The support is intended to create an enabling environment to allow Ethiopia to exploit its potential for industrial development to enhance the country’s economic development which is currently founded on agriculture.

The EU is committed to supporting the government as the country drawing lessons from Asia and Eastern Europe the project expects to be comprehensive in aiding economic growth through fine tuning policy making, building the capacity of institutions and supporting intermediary organizations by offering direct support said Xavier Marchal, Head of the European Delegation to Ethiopia.

The program is funded by 35 million pounds to support Ethiopia’s plans to accelerating private investments and industrialization. It promotes better cooperation between private and public sector to encourage investments and to enhance the capacity for export he said.