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Welcome to the fourth month
of a readers’ favorite page which has featured a host of dynamic business personalities whose ideas, motivations and business acumen will have surely inspired all the budding entrepreneurs out there.
Capital warmly encourages nominations to Entrepreneurs Profile and looks forward to introducing more upwardly mobile model citizens.
 

Dr Mitslal Kifleyesus-Matschie

 

RESUME


Name- Tsegaye Abebe
Education- Diploma in agriculture and currently business management studenties
Company – Ethio- Flora, Ethio- Vegfru and Highland Farms
Sector – First field flower grower in Ethiopia
Produces –Flowers, fruit, vegetables and hybrid seeds
Founded– 1993-1994
Source of Start up Capital – Personal funds, share capital and bank loans
HQ – Addis Ababa
Work force – 1315
Revenues-2.5-3 million euro annually
Age –47

 

Entrepreneur Profile features dynamic business personalities, fledgling inventors and innovators, environmentally conscious industrialists and other entrepreneurial leaders and role models, and is one of CAPITAL’s most popular sections.

Microsoft was founded with a few hundred dollars loaned from Mrs. Gates, bless her. Henry Ford could hardly afford a spare pair of overalls when he started out.
The common traits of Bill Gates, Hewlet Packard, Henry Ford and other highly successful business leaders is an unshakeable faith in their ideas, hard work and a belief that it does not take a fortune to make a fortune.

CAPITAL warmly welcomes nominations to Entrepreneur Profile and looks forward to introducing more upwardly mobile model citizens.

 

Write to CAPITAL EP- P.O.Box: 95 Code 1110 or e-mail at syscom@ethionet.et

In addition to managing his three companies - Ethio-Flora, Ethio-Vegfru and Highland Farms, Ato Tsegaye Abebe also chairs the Ethiopian Horticulture Producers/Exporters Association.
The sacrifices paid by two other farms owners and himself to introduce horticulture industry to Ethiopia is quite high, he says. “There were times when I did not have a single birr in my pocket, but I never gave up. I overcame the difficulty and here I am expanding my business after all these years.” Tsegaye has launched a pilot program assisting farmers living nearby his farms with seeds they can use to produce flowers in off season, which creates new income opportunity.

BIG PICTURE

Reason for starting business – Inspired by farms in neighboring Kenya
Biggest drawback –
Lack of awareness and finance in earlier times
Main worry –
Consequences of uncertain decisions
Most challenging task –
Convincing the society and the government
Stress reducers –
Work.