Ministry Endeavours to Privatise Sugar Enterprises

May 27 , 2023


[ssba-buttons]

In an effort to privatise the eight sugar enterprises, interested bidders were invited to submit proposals By the Ministry of Finance and Ethiopian Investment Holdings. The enterprises up for grabs which were hitherto managed by the Holding are Omo Kuraz 1, 2, 3, 5, Kesem, Arjo Dedesa, Tanabeles, and Tendaho. Officials believe issuing a Request for Proposal (RFP) will demonstrate the government's commitment to a competitive and liberalised market structure. The RFP comprehends bid submission procedures, detailed information about the manner of assessments, the scope of privatisation, and evaluation criteria. In August 2022, the Ministry attempted to transfer state-owned enterprises to private entities, with over 20 companies expressing their interest in bidding where interested parties must sign non-disclosure agreements and pay a participation fee to participate in the bid.  


Radar

Ministry Showcases Arada Branch Revenue Gains

Arada District's Land Development & Administration Branch pulled in over 150 million Br in just 70 days, beating its 90-day target. Most of the revenue came from annual lease collections and service fees. The office also billed 126 property owners for roof and fence valuations, already securing 20 million Br of the expected 46 million Br. Officials issued warnings to 15 allottees slow to start construction and recommended land right revocations in 11 cases. Leaders credited a more efficient...


Radar

Ministry Backs Blended Finance for Micro, Small Enterprises

The United Nations Capital Development Fund (UNCDF) is partnering with Ministry of Finance to expand financial access for micro and small enterprises through blended finance and digital tools. Off-balance-sheet facilities are designed to attract private investors and Development Finance Institutions (DFIs) by reducing risk and improving capital flow. Digital platforms, including mobile money and digital IDs, will lower transaction costs and broaden reach. The initiative supports job creation and...


Radar

National Electricity Network Set for Upgrade

Ethiopia Electric Utility (EEU) plans to expand the national electricity grid by 8,689 km in the 2026 fiscal year, Yohannes Tonja, head of Performance Monitoring and Evaluation, said. The rollout includes 86,789 km of medium-voltage lines, 92,572 km of low-voltage lines, and pre-maintenance on transformers. EEU will also rehabilitate 1,218 km of medium-voltage lines, install 1,893 transformers, and upgrade 308.7 km of low-voltage infrastructure. Operational targets include cutting power interrup...