According to Ethiopia Investment Holding, Ethiopia’s nearly 120 million people consume about 700 thousand tons of sugar annually. The country’s climate and large swaths of irrigable land provide an ideal environment for sugar cane cultivation.
The Government has invited both international and domestic investors to participate in the tendering of 8 state-owned sugar enterprises. These include Omo Kuraz 1, Omo Kuraz 2, Omo Kuraz 3, Omo Kuraz 5, Arjo Dedessa, Kessem, Tana Beles, and Tendaho (together the “Sugar Enterprises”) aiming to increase private sector participation in the ownership and operation of sugar companies.
Following a request from potential investors, the Federal Democratic Republic of Ethiopia wishes to extend the submission date for the Expression of Interest (EOI) to participate in the proposed opportunity from on or before November 30, 2022, to January 4, 2023, 5pm East African Time (EAT). The date for execution of an NDA has also been extended to December 31, 2022.
Interested parties can express their interest by downloading the EOI document and executing and submitting a Non-Disclosure Agreement to the Ethiopian Investment Holdings (EIH).
All other details and instructions to the invitation to submit an EOI remain unchanged.
Detailed descriptions and instructions to interested parties concerning the proposed opportunity are set out in the IEOI.
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