The Ethiopian Agricultural Businesses Corporation is finalizing the disposal of fertilizer inputs worth over half a billion birr, following the decision by the Parliament last year. The Corporation procured about 332,623 quintals of the inputs worth 567.8 million birr, while the four regions procured 152,778 quintals for 176.8 million birr, according to Kifle Woldemariam, the chief executive officer of the Corporation. “After their inspection, members of the Parliament’s standing committee recommended that it be removed,” Kifle told The Reporter. The Corporation would lose 552.8 million birr, while the regions incur 167.9 million birr loss. Pleading before the newly established State-Owned Enterprises Standing Committee, the CEO requested the committee’s help with several obstacles it is facing, mainly the burden on the corporation brought on by the loss.

Source: Ethiopian News January 14, 2023 08:10 UTC