Good news about Meseret Mebrate

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According to our sources there is a very good news for Meseret Mebrate fans. We hope this news will make your day so much better.

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The government put 8 sugar factories up for auction

 

Addis Ababa: The government called on investors to participate in the tender for the privatization of sugar enterprises.

 

The government has implemented various reforms to increase the participation of the private sector in the economy.

 

Out of this, the Ministry of Finance has indicated that reforms have been made in the sector to increase the participation of the private sector in the sugar industry.

 

In this regard, he called on local and international investors to participate in the tender for the transfer of sugar factories to the private sector.

 

Omo Kuraz 1, Omo Kuraz 2, Omo Kuraz 3, Omo Kuraz 5, Arjo Dedesa, Kasem, Tana Beles and Tendaho sugar factories are up for auction.

 

The Ministry also indicated in its statement that the tender aims to meet domestic demand by increasing competitiveness and sugar productivity.

 

It is believed that this will help Ethiopia to avoid spending foreign currency to buy sugar, increase income and improve the lives of sugarcane producers.

 

He also indicated in his statement that by providing raw and finished sugarcane products to the foreign market, it will help to earn foreign currency.

 

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