| Encouraged by
the conducive working environment created during the last few years,
too many individuals and business organizations are playing significant
roles through their investment in the economic activity of the country.
Although many still believe that the basic objective of business
organizations is making profits, there are also others who believe
in their national and social responsibilities.
Business organizations, owned by the Chairman of MIDROC Ethiopia,
Sheik Mohammed Hussein Ali Al-Amoudi, occupy a significant place
in the history of private investment in Ethiopia by being engaged
in multi-sector activities that contribute to the development of
the nation. These companies, as legal entities, are discharging
their additional corporate citizenship responsibilities that transcend
the collective economic benefits they render to the country.
It is true that production, distribution and sale of goods and
services are the distinctive functions of a business organization
in a society. But a business organization should not confine itself
to its commercial role alone. Business companies have social responsibilities
in addition to making profits for their stakeholders. Many of the
most significant social developments of the world succeeded because
of the support of entrepreneurial philanthropists.
Companies organized under the office of the Chief Executive Officer
of MIDROC Ethiopia are participating in different social activities
mainly to discharge their corporate citizenship responsibilities.
Their Visions, Missions and Values reflect this fact. Based on these,
they are making efforts to serve the community in which they operate.
That is why we said “we are not helping but paying back our
debts” when we donated a modern patients’ facility building
to Zewditu Memorial Hospital in Addis Ababa.
It is a great decision on the part of the owner of our companies
and his families to allow us discharge our corporate citizenship
duties from profit accounts of the companies. The management and
employees of our companies are striving in unity to the same goal.
Today, we believe that we are contributing to the satisfaction
of our people when we introduce modern facilities to hospitals,
supply treated water to the small towns in rural areas or sponsor
intellectual workshops making researches to assist economic development
of the country. That is why we are engaged, not only, in the accumulation
of profits as such but also serve our employees, their family members
as well as the community that produces our customers - who are the
backbone of our existence. With such actions we are discharging
our corporate citizenship responsibilities, which will continue
to the future.
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