The Privatization and Public Enterprises Supervisory Agency, Ethiopia cancelled the proposal to sell Awash Winery due to unsatisfactory bids.
The agency had cancelled four previous tenders for the winery for similar reasons.
The sole bid for the winery was an offer of 201 million birr received from the partnership between Mulugeta Kiros and Tigist Demeke. PPESA declined the offer as being lower than the minimum it had expected.
The Ministry of Mines, Ethiopia canceled the precious metal exploration license of three international and one domestic mining companies.
The companies that lost their licenses are Ethio-Dubai Investment plc, CGC Overseas Construction Ethiopia, Alem Gems and Managem plc.
Managem plc had the largest concession of 579 km2. Domestic companies Alem Gems had previously been licensed for gold and base metal exploration and Ethio-Dubai was licensed to explore gold and rare metals.
CGC, was licensed to operate two concessions covering a total area of 93 KM2 to explore for gold, tantalum and other rare metals.
World Consumer Rights Day (WCRD) was celebrated by the Ethiopian Trade Competition and Consumers Protection Authority intending to promote the obligatory rights of all consumers, who are at liberty to claim the respect and protection of their rights to regulate the abuses and injustices that consumers are compelled to face, Ethiopian Herald reported.
Ethiopia celebrates the Global Entrepreneurship Week from the 14th to the 20th of November. The event will afford young entrepreneurs an opportunity to develop creativity and form networks according to Michael Fekade Chief Executive Officer of Empact Capital Partners, LLC hosting the event.
Young people with post secondary levels of education are encouraged to take on business initiatives said Michael.
The Ministry of Urban Development and Construction, Ethiopia announced the registration and certification of 36,000 construction and design engineers to date.
The Ministry certified 24,030 Construction Engineers and 12,219 Design Engineers said Temesgen Tesfaye, Director of the Engineers Registration and Certification Directorate of the MUDC at a joint consultative meeting organized by the Ministry of Science and Technology, and a consortium of the Ethiopian Engineering Professional Associations.
An engineer is required to possess an accredited degree in the field to be certified although registration and certification of professional engineers requires work experience in addition to academic qualifications according to Temesgen.
