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List Of Government-owned Companies Of Ethiopia
This is a list of government-owned companies of Ethiopia. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably. The defining characteristics are that they have a distinct legal shape and they are established to operate in commercial affairs. While they may also have public policy objectives, GOCs should be differentiated from other forms of government agencies or state entities established to pursue purely non-financial objectives. Government-owned companies of Ethiopia *Ethiopian Construction Design and Supervision Works Corporation *Ethiopian Agricultural Businesses Corporation * Ethio-Telecom *Gumaro Tea Development Enterprise *Industrial Parks Development Corporation *Ethiopian Grain trade Enterprise *Ethiopian Railway Corporation *Sugar Corporation * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commerce
Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, national or international economies. More specifically, commerce is not business, but rather the part of business which facilitates the movement and distribution of finished or unfinished but valuable goods and services from the producers to the end consumers on a large scale, as opposed to the sourcing of raw materials and manufacturing of those goods. Commerce is subtly different from trade as well, which is the final transaction, exchange or transfer of finished goods and services between a seller and an end consumer. Commerce not only includes trade as defined above, but also a series of transactions that happen between the producer and the seller with the help of the auxiliary services and means which facilitate such trade. These auxiliary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethio Telecom
Ethio telecom (), previously known as the Ethiopian Telecommunications Corporation (, ETC), is an Ethiopian telecommunication company serving as the major internet and telephone service provider. Ethio telecom is owned by the Ethiopian government and maintains a monopoly over all telecommunication services in Ethiopia. Based in Addis Ababa, it is one of the "Big-5" group of state owned corporations in Ethiopia, along with Ethiopian Airlines, the Commercial Bank of Ethiopia, Ethiopian Insurance Corporation, and the Ethiopian Shipping Lines. Ethio telecom was managed, on a management contract arrangement from 2010 to 2013, by France Télécom, and was required to comply with Ethiopian government orders. The government said it outsourced the management as ETC was not able to meet the demands of the fast-growing country. It also said that telecommunications services would not be privatized, at least not in the near future. Ethio telecom generates a revenue of over US$300 million ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethiopian Railway Corporation
Ethiopian Railway, commonly known as ER, full name Ethiopian Railway Corporation, is the national railway operator of the Federal Democratic Republic of Ethiopia, under the regulation of the Ministry of Transport. ERC operates passenger and freight transport. Founded on 28 November 2007 (regulation 141/2007) as a quasi-public corporation to operate Ethiopia's passenger and freight rail services, mainly the Addis Ababa–Djibouti Railway, it receives federal subsidies but is managed as a for-profit organization. ERC's headquarters is located in Addis Ababa. The corporation is building a railway school in Bishoftu Bishoftu (; ) is a town in central Ethiopia. Located in the East Shewa Zone of the Oromia Region, it sits at an elevation of 1,920 metres (6,300 ft). It was formerly known as Debre Zeyit () however since the late 1990s it has been officially k ... in partnership with the Chinese government at a cost of 1.57 billion birr. References Government-owned railway comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metals And Engineering Corporation
METEC (acronym for Metals and Engineering Corporation) is an Ethiopian arms industry, arms and machinery industry founded in 2010. Being the state largest military industrial complex, it is responsible for the production of military equipment and civilian products. METEC works with foreign companies such as Alstom from France, and Spire Corporation from America. Controversy Grand Ethiopian Renaissance Dam METEC was once responsible for constructing the $4 billion Grand Ethiopian Renaissance Dam project on the River Nile, expected to be Africa’s biggest hydroelectric project, but was ousted from the contract in August 2018. Kinfe Dagnew, a Brigadier General in Ethiopia’s army and former chief executive of METEC plays a significant role in the organization. The company was assigned development of Grand Ethiopian Renaissance Dam and sugar factory, as well as the Jinka Sugar Bag factory. On 12 November 2018, all assigned project canceled due to fail to complete, and government ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank Of Ethiopia
The Commercial Bank of Ethiopia (CBE) is the largest commercial bank in Ethiopia. As of June 2021, it had about 1.1 trillion birr in assets and held approximately 67% of deposits and about 53% of all bank loans in the country. The bank has around 22,908 employees, who staff its headquarters and its over 1000+ branches positioned in the main cities and regional towns. The latter include 120 branches in the national capital Addis Ababa. With the opening of a branch in the Gechi in the Illubabor Zone, CBE's banking network has reached online 783 branches. The bank has reached 1284 branches as of 10 August 2018. The bank also operates two branches in South Sudan. It is contemplating re-opening a branch in Djibouti, and opening branches in Dubai and Washington, DC, all to serve the Ethiopian diaspora. The bank is pioneer to introduce modern banking to Ethiopia and credited for playing a catalytic role in the economic progress and development of the country. It is also the first bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethiopian Electric Power
Ethiopian Electric Power () is an Ethiopian electrical power industry and state-owned electric producer. It is engaged in development, investment, construction, operation, and management of power plants, power generation and power transmission. The company is a main key in the Ethiopian energy sector. Ethiopian Electric Power owns and operates the Ethiopian national power grid with all high voltage power transmission lines ''above'' 66 kV including all attached electrical substations and almost all power plants within the national power grid (with the exception of some co-generation power plants belonging to the state-owned ''Ethiopian Sugar Corporation''). Ethiopian Electric power is almost the state monopoly in generating electric power for the national power grid, although Ethiopia also allows Independent Power Producers to construct and to operate power plants for delivering power to the national grid since 2017. Electric power distribution and the operation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethiopian Airlines
Ethiopian Airlines (commonly referred to as Ethiopian; am, የኢትዮጵያ አየር መንገድ, translit=Ye-Ītyōṗṗyā āyer menged), formerly ''Ethiopian Air Lines'' (EAL), is the flag carrier of Ethiopia, and is wholly owned by the country's government. EAL was founded on 21 December 1945 and commenced operations on 8 April 1946, expanding to international flights in 1951. The firm became a share company in 1965 and changed its name from ''Ethiopian Air Lines'' to ''Ethiopian Airlines''. The airline has been a member of the International Air Transport Association since 1959 and of the African Airlines Association (AFRAA) since 1968. Ethiopian is a Star Alliance member, having joined in . The company slogan is ''The New Spirit of Africa.'' Ethiopian's hub and headquarters are at Bole International Airport in Addis Ababa, from where it serves a network of 125 passenger destinations—20 of them domestic—and 44 freighter destinations. The airline has secondary h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Government-owned Companies
This is a non-exhaustive world-wide list of government-owned companies. The paragraph that follows was paraphrased from a 1996 GAO report which investigated only the 20th-century American experience. The GAO report did not consider the potential use in the international forum of SOEs as extensions of a nation's foreign policy utensils. A government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a regular stockholder. There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably. The defining characteristics are that they have a distinct legal form and that they are established to operate in commercial affairs. While they may also have public policy objectives, GOCs should be differentiated from other forms of government agencies or state ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
