The Ethiopian Agricultural Businesses Corporation (EABC) was established in December 2015 as a federal government public enterprise under Council of Ministers Regulation No. 368/2015, with an authorized capital of 2.44 billion birr.
The Corporation, governed by the Public Enterprises Proclamation No.1314/2012, was formed through the merger of 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 several branch offices and six improved seed multiplication farms for various crops in different regions, is accountable to Ethiopian Investment Holdings and is also governed by a board of directors that supervises and controls the operations and business of the EABC as well.
At present, EABC is playing its part in the implementation of the 10- year master plan for the agricultural sector at a national level. Based on this, it carries out agricultural activities ranging from land preparation to warehouse by providing integrated services through a single window, including agricultural inputs and mechanization services.
In this regard, the Corporation supplies: Improved Seeds, Solid and Liquid Fertilizers, Agrochemicals and Veterinary Drugs to customers at affordable prices.
And also, the Corporation is striving to achieve its mission by rendering the following services: Agricultural Machineries with Original Spare Parts and Implements, Construction Equipment, Chemical and Fertilizer Spraying Machines, Land development, Agricultural Mechanization, Seed Cleaning, Repair Services for Agricultural and Construction Equipment, Rental Services for Agricultural Machinery and Transport Vehicles (heavy goods transportation), Maintenance, Consulting, Technical/Vocational Training at the head office and its branches, along with after-sales services.
Additionally, Assembling Agricultural Equipment is also listed among the Corporation’s duties and responsibilities.
Furthermore, EABC is mandated to harvest, purchase, add value to, and process natural gum (GUM Arabic), as well as produce other forest products such as Gum Olibanum, Gum Myrrh & Gum Opoponax, supplying them to both domestic and international markets.
Since its establishment, the Corporation has achieved remarkable success in the agricultural sector. Building on these promising results, EABC has continued to play a vital role in modernizing agriculture, boosting production and productivity.
As a testament to its progress, the Corporation successfully met its authorized capital within a five-year period and a significant milestone that highlights its achievements in recent years. Its capital has now reached 7.564 billion birr.
Overall, the Corporation is making significant contributions to modernizing agricultural practices and enhancing productivity through integrated agricultural development activities, from land preparation to warehouse.
And also by implementing the ISO 9001:2015 quality management system, the Corporation has achieved significant and encouraging results.
