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Ethiopia launched an invitation to submit an expression of interest for the tendering of eight state-owned sugar enterprises on 19 August 2022. The invitation has received responses from local and international investors.
Ethiopia launched an invitation to submit an expression of interest for the tendering of eight state-owned sugar enterprises on 19 August 2022. The invitation has received responses from local and international investors. More than twenty local and global companies have extended expressions of interest (EOI) for the tender in Ethiopia. The objective of the initiative is to make the market more competitive and boost private sector growth in the sugar industry.
The sugar enterprises to be privatized include Omo Kuraz 1, Omo Kuraz 2, Omo Kuraz 3, Omo Kuraz 5, Arjo Dedessa, Kessem, Tana Beles, and Tendaho (collectively referred to as the Sugar Enterprises).
The government is reportedly in talks with interested investors on the envisaged policy reforms. Thereafter a comprehensive Request for Proposal (RFP) that will outline the bid submission process will be sought.
Also Read;
http://trendsnafrica.com/ethiopian-authorities-seek-private-investment-in-the-civil-aviation-sector/
http://trendsnafrica.com/ethiopia-and-china-sign-mou-to-establish-economic-cooperation/
Meanwhile, Foreign Affairs State Minister Ambassador Mesganu Arga, along with Minister of Planning and Development Fitsum Assefa met with the co-founder of a Hungarian-based international firm, Equilibrium Capital, Peter Nagy, to explore joint venture opportunity in Ethiopia’s energy sector particularly in the generation of renewable energy and the transmission and provision of electricity services. Equilibrium Capital is engaged in the provision of sustainable financing, including in energy infrastructure.
