Ethiopia’s major organizations

Situated in the horn of Africa, with a populace in excess of 93 million, Ethiopia is the most populated, landlocked country on the planet. It's a diverse landscape, with large jungles and rivers, huge mountain ranges and also the largest cave on the entire continent this guarantees there exists a wide selection of diverse corporations open throughout the nation, listed here are a selection of the biggest.

Commercial Bank of Ethiopia
This is actually the largest commercial financial institution in the nation. It's got total assets close to 242.7 billion Birr, which is roughly £7.5 Billion. It is a leader in modern banking, and was the very first firm to offer local consumers ATMs. The organization also holds around 28% of all bank loans in Ethiopia. It had been set up in 1942, and now has more than 900 divisions in Ethiopia. These days they have over 8.5 million customers and also have numerous reliable and long standing associations with numerous worldwide acclaimed financial institutions throughout the world. Ato Bekalu Zeleke is the current President, with Ato Abay Mehari and Ato Mohammad Nuredin in the role of Vice Presidents.

Ethio-Djibouti Railways
This particular railway company is jointly owned by the governments of Djibouti and Ethiopia. At the moment, the railway is at the moment being reconstructed by way of a variety of Chinese and Turkish companies. It’s most notable for connecting Addis Ababa, the main city of the landlocked Ethiopia, to the Port of Djibouti. It should be carried out by the last three months of 2015. 10 years ago, the company COMAZAR, were authorized to run the railway, their bid was authorized by Ethiopian Minister of Transport and Communication Jeneidin Sado, and Djiboutian Minister of Equipment and Transport Ismail Ibrahim Houmed.

Ethiopia Commodity Exchange
This business was established in 2008 and was designed to guarantee the progression of a competent, contemporary trading software system, this will guard the benefits and rights of sellers, buyers, intermediaries and the general public. It’s a private organization owned by members of the Ethiopian government and the exchange. These days it is led by World Bank economist, Eleni Gebre-Madhin. In terms of physical assets, the company keeps 55 warehouses in 17 regional locations, they buy and sell around 508,000 tons annually.

Allana Potash
Allana Potash Corp. is known as a publically exchanged corporation that focuses on the exploration and development of its potash assets. Their leading resource is a project in the Danakhil evaporite basin that is situated in the north eastern section of the nation while in the Dallol region. They currently trade on the TSX under the symbol A, and they have got about 235 million common shares. Like Stephen Dattels' Circum Minerals Limited, they have got sites in numerous locations in Ethiopia. On the board currently are Richard Lacroix, Mark Stauffer (Chair), Farhad Abasov, Lewis MacKenzie, Yoram Cohen and Betty-Ann Heggie.