The Ethiopian Institutional Success Award will strengthen cooperation and competitiveness, officials of institutions, who received the award yesterday from Prime Minister Abiy Ahmed during a ceremony, held at the Adwa Victory Memorial yesterday said.
Prime Minister Abiy honored five institutions/projects with the Ethiopian Institutional Success Award, celebrating their significant achievements and global impact.
The distinguished awardees include the Ministry of Agriculture’s wheat program, Ethiopian Airlines, Ethio Post, Ethio Telecom, and the GERD Project, each a testament to Ethiopia’s growth and innovation.
Officials of the institutions said that the recognition not only motivates them on to greater efforts, but also sets an example for other institutions.
Kifle Horo, General Manager of the Grand Ethiopian Renaissance Dam (GERD) project, said the award has given recognition not only to the project but also to all Ethiopians.
Moreover, he elaborated that the honor will create motivation and encourage
all institutions to work hard in their respective fields.
Ethiopian Airlines CEO Mesfin Tasew said on his part the award gives morale to the employees who work day and night for the success of the airlines.
The recognition will help to create robust and viable institutions at the national level as it encourages other institutions to intensify efforts for successful achievements, he added.
The CEO of Ethio-Telecom, Frehiwot Tamru said that following the national reform, the institution has carried out many activities to provide better and effective services to its customers.
Thus, the award not only recognizes achievements, but also creates inspiration to do better works in the future, she elaborated.
Minister of Agriculture, Girma Amente stated that the successes registered in wheat production in recent years demonstrates the fact that effective work can be accomplished by creating a better plan and incorporating all relevant parties.
The award has given recognition to all Ethiopian farmers and pastoral
ists, the minister added.
Prime Minister Abiy Ahmed said on the awarding ceremony that the institutions were awarded for doing work that made them competitive at the continental level.
He also stated that the awards given to the institutions stimulate them to do more in the future.
Source: Ethiopian News Agency
Dr George Agyekum Donkor, President and Chairman of the Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has called on business leaders to position themselves to adapt to any future eventualities, drawing from recent global events.
He reiterated that future-ready organisations were engineered by transformational leaders, who deliberately review and repurpose every aspect of the organisational structure and processes to be ready for challenges now and in the future.
‘The character of the leader is fundamental for organisational future-readiness. The leader’s vision, convictions, motivation, and direction influence the strategic direction of the organisation,’ Dr Donkor said on Wednesday.
He was speaking at the Future Ready Leadership Summit organised by the Nobel Business International School (NIBS) in Accra.
‘In effect, future-ready organisations are led by future-ready leaders. Leaders with a strong conviction that things will not always remain the same. Leaders who believe in
the constancy of change and prepare themselves against the ramifications of change, while capitalising on the positives.’
Speaking on the topic, ‘Re-Imagining Business Leadership: Building A Future Ready Organisation, Dr Donkor said the back-to-back external shocks, that started with the COVID-19 pandemic, followed by the war in Ukraine and the recent one in Gaza, as well as domestic shocks have shaken the very foundations of most businesses across the globe.
‘The supply chain disruptions fuelled inflation that ensued particularly from the pandemic and the war in Ukraine led to food and energy price hikes unprecedented since 2008,’ he said.
‘As if that was not enough, the global monetary hikes triggered a surge in the cost of borrowing thereby increasing the financial and operating costs of several businesses.’
He underscored the need for a two-pronged approach to future-readiness, which entails anticipation of future scenarios and the incorporation of a high level of flexibility into a company’s organisa
tional structure to facilitate timely reactions.
He called on businesses to invest in enhancing their compliance with Environmental Social Governance (ESG) requirements, which are essential for today’s financial market, while proactively using technology to improve their operations.
Underscoring the intentionality required to be ready for challenges both now and in the future, Dr Donkor explained that ‘it takes a transformational leader to drive an organisation into a state of being future-ready.’
The NIBS is the foremost African Doctoral Institution that offers top accredited degree programmes in partnership with prestigious international Universities namely SBS Swiss Business School, Zurich, Switzerland, and IPAG Business School, France.
Professor Kwaku Atuahene-Gima, Founder and President of NIBS, said the NIBS was the first school in the world to start with a doctorate degree programme.
He said so far, they had over 200 doctorates that they had created, not developed.
Source: Ghana News Agency