Sugar Factories Privatisation Deadline Extended by Two Months

Aug 5 , 2023

The bid proposal submission date for the eight state-owned sugar factories is pushed by two months, following the need for a prolonged assessment period. The international bid to privatise Arjo Dedessa, Kessem, Tana Beles, Tendaho and the series Omo Kuraz sugar projects was floated by the Ministry of Finance and Ethiopian Investment Holdings last August where over 20 investors have shown interest. Omo Kuraz II and III, built by a state-owned Chinese firm, China National Complete Plant Import Export Corporation (COMPLANT) began production following several postponements and changes in management over their 12-year history. The Omo-Kuraz III plant, erected at the cost of 290 million dollars in the Southwestern Regional State, 900Km from the capital, has a daily production capacity of 10,000qtl of sugar. Omo Kuraz V has been on hold as the primary creditor stalled loan disbursements to the contractor, Jianglian International Engineering Co. (JJIEC). Officials believe the initiative is one of the efforts to transition the factories into a competitive market structure and strengthen private sector growth. An extension of the deadline is expected to provide bidders additional time to prepare comprehensive bids while the instructions for the requests will remain unchanged, according to the announcement made by the two institutions.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...