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Potentials of a new market for unspeckled beans in the Ethiopian trading market

Potentials of a new market for unspeckled beans in the Ethiopian trading market
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Oromia region finally receives Langano Resort Hotel

capital Newspaper After three years delay, Oromia region has settled over 54 million birr to receive Langano Resort Hotel. The hotel that is located about 155km south of Addis Ababa at the beach of Lake Langano in the Great Rift Valley has two locations that are known as Langano Resort Hotel one and two. Langano Resort Hotel one is well developed with different facilities including 65 rooms and restaurants. About three years ago, the regional administration had asked the Office of the Prime Minister to buy and manage the hotel that was accepted by the federal government. Since then, Public Enterprises Holding and Administration Agency (PEHAA), which is responsible for managing public enterprises and taking lead on the privatization process, has conducted the asset valuation and as a result, had invited the regional administration to settle the payment and take the ownership.

PPPDS annuls wheat bid due to defaults -

capital Newspaper The Public Procurement and Property Disposal Service (PPPDS) annulled the two milling wheat procurement awards for the purchase of 600,000 metric tons on two different bids. PPPDS had awarded two companies for the supply of the milling wheat on behalf of National Disaster Risk Management Commission and Ethiopian Trading Business Corporation early November, while both foreign companies have disappeared to come up with the bid performance bond until the deadline of early this week. PPPDS had awarded Rosentreter Global Food Trading to supply the 400,000 metric tons of milling wheat for Ethiopian Trading Business Corporation. The grain that procured on the aim to stabilize the market was awarded to the Turkish firm at the cost of USD 76.89 million as per the bid offer opened October 13, 2020.

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