The National Veterinary Institution, one of the public enterprises overseen by Public Enterprises Holding and Administration (PEHA) and well known in Ethiopia as well as in Africa in the animal vaccine production sector first quarter performance report of 2024 fiscal year appraised on November 26 ,2024.
The National Veterinary Institution’s timely disclosure of its performance to the public, the preparation of a document for the registration of their newly developed drug, approval of marketing management strategy, and the accomplishment of the 2016 fiscal year audit are among the positive achievements assessed during the appraisal.
Members of the Institute’s Board Committee and management members, relevant officials from the Ministry of Finance, and executive officers and experts from the administration who are monitoring the institute attended the quarterly review. During the review, implementations on operations, corporate governance and finance, project and reform as well as gaps and improvements identified are discussed.
The institute earned a total revenue of Birr 85.38 million in the quarter, which shows 18.4% increment compared with the same period last fiscal year. Its profit Birr 19.52 million performance is higher than the same period last fiscal year. The Institute is one of the Enterprises working on foreign trade and it was able to earn 92.49 thousand USD. Regarding corporate social responsibility, the Institution provided Birr 500 thousand support to different sections of the society. It was also able to collect Birr 81.8 million from the collection account.
The Deputy Director General of the Public Enterprises Holding and Administration, Ato Tigistu Amsalu, identified that the institution should focus on additional income generating means and should initiate preparation of policies that are not available at the national level, however, are relevant to the sector.
The acting Director General of the Public Enterprises Holding and Administration, Ato Zinabu Yirga, who led the discussion, stated that the institution should be further strengthened as it has strategic importance to support the productivity of the country’s animal husbandry.
