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Ethiopia: Agency to Privatize 11 Enterprises

The Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA) has offered 11 state-owned enterprises for privatization, Walta Information Center reported.

Asebe Kebede, the Agenecy's Deputy Public Relations Head, told Walta Information Center today, the Ethiopian Mineral Development S.C., Ethiopian Pharmaceuticals Manufacturing S.C, Bahir Dar Textile SC, Kombolcha Textile SC,

Hamaressa Edible Oil SC, Bekelcha Transport SC, Weyra Transport SC, Caustic Soda S.C., Artistic Printing Enterprise, Agricultural Mechanization Service Enterprise and Transport Construction Design S.C. are the enterprises in the Agency's latest privatization bid.

The Ethiopian Pharmaceuticals Manufacturing, Bahir Dar Textile and Kombolcha Textile Share companies are on the privatization auction block for the first time, according to Asebe.

Source: Walta Information Cetner