The Ethiopian government has accepted bids worth $121 million for their state-owned enterprises, this includes the best airline in Africa, Ethiopian Airlines and telecom. The Privatisation and Public Enterprise Supervising Agency has accepted an 860 million birr bid from MIDROC Ethiopia for one of the country’s biggest farms, Upper Awash Agro-Industry Enterprise.
Another company that won the bids is Horizon Plantation PLC, National Mining Corporation and Saudi Star Agricultural Development who won bids for four other firms for a combined 463 million birr ($26.7 million).
Last year, the government sold its last remaining breweries Bedele, Harar and Meta Abo to Heineken and Diageo for a combined $388.3 million.
Source: (Africa News)