December 26, 2012

• Ethiopia: Making a Big Splash Into the Wine Industry

  Undeterred by his previous attempts, Mulugeta Tesfakiros, an emerging real estate mogul, appears still to be determined to acquire a state owned winery, regardless of the cost... Read more »

December 11, 2012

• Ethiopia: Privatization Tender Attracts a Swarm of Interest

  Ghion hotel located on Ras Desta Damtew street has attracted more local interest when put on the auction bloc for the second time. Read more »

September 18, 2012

• Ethiopia: Privatization Agency Dampens Profit Forecast

  Privatization and Public Enterprises Supervising Agency (PPESA), plans to collect a 2.34 billion Br profit before tax during the current fiscal year. Read more »

August 22, 2012

• Ethiopia: 1,069 Public Entities Transferred to Consumer Cooperatives

  The Addis Abeba City Administration is finally preparing to lose public shops and recreations centres, which had been operating under kebeles, to consumers associations within six... Read more »

• Ethiopia: Warehouse Returned to Private Owners After 38 Years

  Merchandise Wholesale Import & Trade Enterprise (MEWIT) has been locked out of a warehouse it has used for 38 years as a result of a decision by the Privatization & Public... Read more »

August 14, 2012

• Ethiopia: Privatization Collects Six Times Targeted Revenue

  The Privatization and Public Enterprises Supervising Agency (PPESA) made a 6.7 billion Br revenue in the 2011/12 fiscal year, 5.7 billion Br increase from its target of one billion... Read more »

• Ethiopia: Midroc Subsidiary Dominates Privatization Tender

  The fate of Ghion Hotels Addis Abeba which lies over a lush 12ht compound still remains undecided. Read more »

August 8, 2012

• Ethiopia: Investors Eying Full Auction of Ghion Hotel

  Ghion Hotels Addis Abeba was established in 1951 over a lush 12ht compound. Read more »

• Ethiopia: Saudi Star Begins to Spit the Advance for Abebo

  Saudi Star Agricultural PLC finally managed to partially settle its overdue advance payment to the Privatization and Public Enterprises Supervising Agency (PPESA) in order to... Read more »

July 10, 2012

• Ethiopia: Privatisation Plans Slip Past Deadlines

  The 1.25 billion Br privatisation deal between MIDROC and its affiliates on one side and the Privatisation & Public Enterprises Supervising Agency (PPESA) on the other is... Read more »

June 26, 2012

• Ethiopia: Six Enterprises Scheduled for Auction

  The Privatisation & Public Enterprises Supervising Agency (PPESA) will put six enterprises up for auction, including Ghion Hotel and Awash Winery, as it prepares to conclude... Read more »

June 15, 2012

• Ethiopia: Privatisation Board Okays Two Offers

  The board of the Privatisation & Public Enterprises Supervising Agency (PPESA) approved offers made for Caustic Soda SC and the warehouses of Faffa Foods on the evening of... Read more »

May 29, 2012

• Ethiopia: Bidders Justify Low Bids At Latest Privatisation Tender

  There was low turnout at the Privatisation & Public Enterprises Supervising Agency (PPESA) on Monday, May 21, 2012, when less than stellar offers were opened for only half of... Read more »

March 27, 2012

• Ethiopia: Midroc's Bids for Five State Enterprises Approved by Agency

  MIDROC is buying, at 1.3 billion Br, five of the eight state enterprises, which the Privatisation & Public Enterprises Supervising Agency (PPESA) had put up for sale. Read more »

March 21, 2012

• Ethiopia: Previously Missed Hearing on Awassa Hotel Adjourned for Investigation

  Justices at the Federal Supreme Court adjourned the hearing of an appeal in the case between the Privatisation & Public Enterprises Supervising Agency (PPESA) and United Africa... Read more »

January 30, 2012

• Ethiopia: Rushed Privatisation of Big Public Enterprises Is Unwise

  Current economic realities in Ethiopia rightly Show, argues Tsehai Alemayehu Professor of economics and finance at Savannah State University, U.S. Maintaining the enterprises... Read more »

October 4, 2011

• Ethiopia: Diageo to Sip Meta Abo

  Diageo's offer of 225 million dollars to acquire Meta Abo Brewery was approved by the board of directors of the Privatization and Public Enterprise Supervising Agency (PPESA) on... Read more »

• Ethiopia: Green PLC to Receive Management of Tepi Plantation Tomorrow

  The Privatization and Public Supervising Agency (PPESA) is to hand over the management of Tepi Coffee Plantation to Green Coffee Agro Industry Plc on Monday, October 3, 2011, after... Read more »

August 9, 2011

• Ethiopia: Court Sentences Privatisation Agency's Cheque Fraudster

  Ibrahim Taha, 32, who was charged with presenting forged Certified Payments Orders (CPO) to the Privatization and Public Enterprises Supervising Agency (PPESA) for the purchase of... Read more »

• Ethiopia: Privatisation Agency Foresees 3.1 Billion Br Profit

  The Privatization and Public Enterprises Supervising Agency (PPESA) forecasts it will make a 3.1 billion Br profit, before taxes, during the 2011/12 fiscal year, improving upon its... Read more »

July 21, 2011

• Ethiopia: Privatization Agency Slaps Company With Charges

  Saba Engineering has been sued by the Privatization and Public Supervising Agency (PPESA) for defaulting on a payment of 8.6 million Br from the purchase of Bole Bulbula... Read more »

July 5, 2011

• Ethiopia: Meta Abo Brewery for Sale, in Full

  The Privatisation and Public Enterprises Supervising Agency (PPESA) floated a new tender for the full acquisition of Meta Abo Brewery on Friday, July 1, 2011, after cancelling the... Read more »

June 22, 2011

• Ethiopia: Alleged Fraudster Confesses to Falsifying CPOs

  Ibrahim Taha confessed to presenting falsified certified payment orders (CPOs) to the Privatisation and Public Enterprises Supervising Agency (PPESA) for the purchase of Hawassa... Read more »

May 31, 2011

• Ethiopia: Privatisation Agency's Alleged Fraudster Gets More Time for Defence

  Ibrahim Taha, 32, who is being charged with using forged certified payment orders (CPOs) for the down payment on Hawassa Textile Factory and Arbaminch Textile to the Privatisation... Read more »