Dr. Arega has been running MIDROC Technology Group of Sheikh Al Amoudi, the biggest investment in Ethiopia owning over two dozens of companies in Ethiopia, for the past two decades. In his letter addressed to Dr. Arega in Amharic language, Sheikh Al Amoudi, the Chairman of MIDROC, has indicated that he has appointed Mr. Getachew Hagos as interim CEO of MIDROC Technology Group. Meanwhile, Dr. Arega is allowed to continue serving as CEO of Unity University one of the businesses of the MIDROC Technology Group. The letter also stated that Dr. Arega has told Sheikh Al Amoudi that he is he is afraid of running the business as usual. The letter also stated that there were differences between Sheikh Al Amoudi and Dr. Arega on major issues.

Source: Ethiopian News April 27, 2020 10:04 UTC