2merkato

The Ethiopian Privatization and Public Enterprises Supervising Agency said that it intended privatization of 20 public enterprises in the current Ethiopian budget year according to an announcement made on 1st December.    

The agency anticipates that it will earn more than 3.3 billion Birr from the privatization efforts planned for this year said Wondafrash Assefa Corporate Communication Director for the agency.

17 of the enterprises are expected to be sold directly in the privatization process said Wondafrash.

The Ethiopian Privatization and Public Enterprises Supervising Agency is planning to privatize 20 publicly owned enterprises in this fiscal year.

The agency is expecting to earn an estimated 3.3 billion birr from the privatization of the enterprises which are currently being owned by the state according to Wondafrash Assefa, Corporate Communications Director with PPESA.

PPESA earned almost 6.2 billion birr from the privatization of state owned property in the previous financial year said Wondafrash. The sale of Meta Abo factory to international beverage company Diageo contributed about three billion birr to the total revenue earned he added.

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.

The Privatization and Public Enterprise Supervisory Agency of Ethiopia is to privatize four farms and four factories that are currently publicly owned.

The four farms are Ababo, Bilito, Gojeb and Siraro. Bilito, Gojeb and Siraro farms are divisions of Hawassa Farm Development and Coffee and Tea Development Farm.

The four factories up for privatization are Awash Wine, Ethiopian Marble, Kality Metal and Upper Awash Agro. PPESA is expected to privatize fifty five more government operated enterprises in the future.

Ethiopia is set to privatize six enterprises through auction as the financial year winds down. Ghion Hotel and Awash Winery are expected to be part of the six according to sources.

The minimum price set for Ghion Hotel is expected to be between 100 and 150 million US dollars whereas the indicative price for Awash Winery will be set at 438 million birr according to unofficial sources.

This was not confirmed by Wondafrash Assefa, Director of Corporate Communications for the Privatization and Public Enterprises Supervising Agency.