2merkato

The Privatization and Public Enterprises Agency of Ethiopia is seeking interested bidders for two of the five enterprises it is offering for privatization.

The two enterprises which have been unable to excite interest from potential buyers are the Hamaressa Edible Oil SC and Batu Construction SC.

The Commercial Printing Press, Caustic Soda Ash SC and Fafa Food Complex Warehouse were the other three companies offered for privatization at the same time.

Ethiopia’s Ministry of Finance, in partnership with the Ethiopian Railways Corporation, has issued an invitation for global and local investors to express interest in the development of the Indode Intermodal Rail Terminal, Dry Port, and Logistics Center. Located just 26 kilometers southeast of Addis Ababa, the project is a key part of the country’s broader push to enhance private sector involvement in the transport sector.

The Ethiopian government, via its Communications Authority, has extended an invitation to telecom companies to submit their interest for the acquisition of two nationwide full-service telecommunications licenses.

Ethiopia wants Turkish companies to invest in the business of power generation and transmission line projects, Ethiopian Electric Power (EEP) unveiled.

The Ministry of Agriculture has announced that Ethiopia’s tractor plowing rate has risen from 5.7% in 2020 to 25%, marking a development in agricultural mechanization.