Addis Ababa, Ethiopia (24 May 2023)
The Ethiopian government has initiated the process of privatizing eight state-owned sugar enterprises, further showcasing a significant shift in its approach to public assets ownership. The Ethiopian Sugar Industry Group (ESIG) has 12 sugar enterprises with an annual total sugar production capacity of 450,000 MT. The 8 sugar enterprises available for sale are Arjo Dedessa, Kessem, Omo Kuraz 1, Omo Kuraz 2, Omo Kuraz 3, Omo Kuraz 5, Tana Beles, and Tendaho.
Ministry of Finance and Ethiopian Investment Holding have officially issued a Request for Proposal (RFP) to invite potential investors to participate in this opportunity. Following an invitation for expressions of interest in August of last year for up to 100% ownership, more than 20 local and international parties have reportedly expressed their intent to participate in the tender.
To ensure a fair and transparent process, the government has engaged with interested parties to gather valuable feedback, facilitating the development of a comprehensive RFP. This detailed document outlines the:
- Bidding process,
- Criteria for evaluation, and
- Clear timeline for the privatization endeavor.
Interested investors who have signed a Non-Disclosure Agreement and paid the participation fee will have access to the RFP, which can be obtained by sending a request to sugarbid@mofed.gov.et and project.sikuar@ke.ey.com starting from May 23, 2023
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