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Over 10 TIRET Corporate companies to be privatized

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Addis Ababa, July 16, 2019 (FBC) – The Amhara regional state is to privatize more than 10 TIRET Corporate companies.

Abate Sitotaw, deputy chief executive officer (CEO) of TIRET Corporate, told ENA that a decision has been made to privatize the companies so as to increase their efficiency and profitability.

TIRET Corporate companies have currently created 12,000 permanent and casual jobs.

TIRET was established in 1995 as an Endowment Organization registered in Amhara National Regional State with an initial capital of close to $970,000.

Tikur Abay Transport, Ambasel Trading House, Bahir Dar and Kombolcha Textile Share Companies, Dashen Brewery and Gondar Malt Factory are some of the companies registered under TIRET Corporate.