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EABC - Ethiopian Agricultural Businesses Corporation
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Legal residence:Ethiopia
Organization type:Supplier / manufacturer
Funding agencies: World Bank HQ, Other
Sectors: Agriculture, Industry, Commerce & Services
Status:
Active
About
The Ethiopian Agricultural Businesses Corporation (EABC) is established as a federal government public enterprise by Council of Ministers Regulation Number 368/2015 with the authorized capital of birr 2 billion 440 million of which birr 610 million is paid up in cash and in kind.
The corporation was formed by merging five state owned Enterprises; namely Ethiopian Seed Enterprise, Agricultural Inputs Supply Enterprise, Agricultural Equipment and Technical Services Share Company, Agricultural Mechanization Service Enterprise, and Natural Gum Processing and Marketing Enterprises.Currently, the corporation which has 24 branches and stations in different regions, is accountable to Public Enterprises Holding Administration and managed by board of directors.For achieving the mission, the corporation is supplying agricultural inputs (improved seeds, fertilizers & agrochemicals), reliable, modern and high quality agricultural machineries and spare parts, construction equipment and chemical spraying equipment at affordable price.
Besides, importing and assembling agricultural equipment, rendering integrated agricultural mechanization and maintenance service as well as providing rental services of agricultural machineries and transport vehicles (heavy goods vehicles), consultancy and technical training services are among the duties and responsibilities of the corporation.Since its establishment in December 2015 EABC has registered a remarkable achievement in the sector. In line with this promising result, the corporation has also endeavored to continue to play an important role in modernizing agriculture, boosting production and productivity at the national level.As a result, the corporation has been able to meet its authorized capital in five years period and this can be taken as one of an indication of its success over the previous years. Overall, the corporation is contributing to the modernization of agriculture and the growth of productivity through integrated agricultural development activities from land preparation to warehouse.
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