The Privatization and Public Enterprises Supervising Agency (PPESA) announced that it has earned 1.7 billion birr from privatization of state-owned enterprises, previous sales arrears and state dividend from privatized companies, according to The Ethiopian Herald.
Ghion Hotel and other four state-owned enterprises put up for sale by the Ethiopian Privatization and Public Enterprises Supervising Agency (PPESA) have failed to attract bidder, Fortune reported.
In addition to Ghion Hotel, PPESA has also floated Weyra Transport S.C, Transport Construction Design S.C, Agricultural Mechanization Service Enterprise and Artistic Printing Enterprise. All enterprises except Weyra Transport has been on the privatization auction block previously.
Privatization and Public Enterprises Supervising Agency (PPESA) intends to privatize 15 public enterprises in the second GTP Period, according to Walta Information Center (WIC).
Privatization and Public Enterprises Supervising Agency (PPESA) decided to transfer Bahir Dar and Kombolcha textile factories by negotiating with a third party.
The Privatization and Public Enterprises (PPESA) is going to sell Wabi Shebelle Hotels Enterprise located at the shores of Langano Lake, Capital reported.
