The Ethiopian Construction Works Corporation (ECWC) announced that it executed 71 projects valued at Birr 65.4 billion in the 2024/25 Ethiopian fiscal year, generating Birr 18 billion in revenue and Birr 2.9 billion in profit.

The performance update was presented yesterday during the corporation’s annual review and consultation with stakeholders.

According to CEO Eng. Yonas Ayalew, ECWC completed 34 projects and launched 28 new ones during the period. Revenue rose by 80.5% compared to 2025/26, while profits fully met planned targets. He attributed the results to stronger construction management, procurement reforms, decentralized project oversight, and the creation of a professional development institute.

The corporation aligned its operations with the Homegrown Economic Reform agenda by sourcing materials locally and expanding factory-based production. It also adopted international project management systems, invested in technology, and prioritized workforce development.

Through direct procurement from factories, ECWC saved Birr 299 million. It contributed Birr 40.7 million in corporate social responsibility programs and created jobs for 8,647 citizens.

Eng. Yonas added that new corridor development initiatives are opening opportunities for ECWC to accelerate projects, pursue fresh ventures, and strengthen its market presence.