Ethiopia is to privatize six publicly owned enterprises including the Addis Ababa Ghion hotel according to the Privatization and Public Enterprises Supervisory Agency.
The other enterprises that have been made available for sale are Awash Winery, Coffee Technology Promotion, Batu Construction, Limu Agricultural Development and Batu Housing Construction.
PPESA plans to privatize 20 publicly owned enterprises in the 2012-13 financial as part of the plan of the Agency it announced.
Bahr Dar Textile, Bale Agricultural Development, Arsi Agricultural Development, Kombolcha Textile, Bekelcha, Comet and Woyra Transport companies are expected to be part of the 20 companies will be offered for auction this year.
Adami Tulu Pesticide could also be offered as joint venture development with the government retaining a share according to sources who wished to remain anonymous.It is to be remembered that The bid tendered by the Ethiopian Privatization and Public Enterprises Supervising Agency for Ghion Hotel is expected to attract many investors.
The bid for Ghion will open on August 9th 2012 according to Wendafrash Assefa, Head of Public Relations with the EPPESA.
The auction to privatize the hotel has attracted several investors and more are expected until the final day of the bid said Wendafrash.
The current bid is arranged differently from the previous PPESA privatization process for the hotel in that it is no longer a partial share arrangement with the government retaining a share. The hotel is open to full acquisition this time which is why more investors are showing an interest according to a representative of one of the companies expected to take part in the bid.
Source: The Reporter
