13 February 2018

Ethiopia: BTPPE Expedites Transferring Properties

The Board of Trustee for Privatized Public Enterprises(BTPPE) announced that it had taken over the administration of movable properties of the 264 privatized public enterprises and ensured social security for over 1,470 workers during the last six months.

The BTPPE Communication Department Head Gizaw Nigussie recently told The Ethiopian Herald that based on the proclamation number 208/1992 , the BTPPE is entitled to represent government and follow up the process while public enterprises transferred to private entities,reinstated to the former owners or reorganized in the form of private limited association.

According to him , the BTPPE examines the enterprise documents, accounts and other related legal affairs when claimants come from the third party .

Moreover, it sells properties which are not transferred to the purchaser such as vehicles ,hotel utensils and disposes the outdated materials,he added.

" If there is money that should be transferred to the workers ,the BTPPE will take full responsibility to administer the money and deliver to the workers. The BTPPE also peruses the legal process ,if workers are suspected of embezzling public property."

The BTPPE had collected 14.7 million Birr via selling properties and had paid 3.5 million birr to laid off workers during last six months.

During the transfer process, workers who reach retirement age will be made to receive pension and others will also get money saved in a pension fund.

Ethiopia

Ethiopia to Allow All Africans to Visit Without Visas - Govt

Ethiopian Prime Minister Abiy Ahmed has revealed that the country will "very soon" follow Rwanda's example allowing all… Read more »

See What Everyone is Watching

Copyright © 2018 The Ethiopian Herald. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.