What was once a family-owned candy manufacturing micro-business, founded by Lemma Wakene and Aynalem Ayele has now become a huge plastic shoe manufacturing enterprise today under the name Ayni In­dustries Plc. Since its establishment in 2003, the company has sold more than 8 million pairs of plastic shoes and is recognized as a low-price plastic shoes manufacturer.

The company has grown to diversify the business in different sectors. In 2008, came Wakene Food Complex that produces quality wheat flour that has grown to become a household brand in Addis Ababa, Nekemte and in Gambela.

In 2012, Mintu Plast Plc was established with a capital of 13 million ETB, aimed to produce PVC compound to supply raw materials to our sister company Ayni Industries and to produce better and fair priced PVC compounds for shoe and sole, PVC pipe and profiles, Garden hose suppliers.

In 2015, Mintu Plast Plc started manufacturing PET preforms and caps for mineral water, edible oil and other liquid product manufacturers.

In line with progress, the investment group raised a capital of 40,000,000 ETB to venture into the real estate business primarily fo­cused on constructing apartment complexes under the name Menoria Real Estate Plc to offer affordable housing for middle income clients