Ethiopian Government to Privatize 13 Sugar Projects

Sugar-corp-ethiopiaApril 13, 2019  (Ezega.com) -- The Ethiopian government intends to privatize 13 sugar projects, according to FBC new report.

The government is in initial stages of consultantions with the private sector to assess the market for the projects.

The Ministry of Finance (MoF) and the Ethiopian Sugar Corporation have invited responses to request for information (RFI) to finalize preparation for the privatization of sugar projects.

In a joint press conference, the MoF and the Sugar Corporation said, "this is to complete the necessary pre-privatization activities to fully or partially privatize the 13 sugar projects that are either fully completed and in production or greenfield projects."

The RFI was issued in order to incorporate inputs from the private sector, facilitate information gathering from interested parties and identify new prospective buyers, they added.

Based on the information provided by respondents, the Ministry will determine the form and mode to engage the private sector in a competitive tender process and in line with laws and regulations of the government.

RFI documents will be available beginning Monday April 15, 2019, online at www.mofed.gov.et and www.ethiopiansugar.com.

Source: FBC

Ezega

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