The Ethiopian Sugar Corporation (ESC) invites interested sugar suppliers to offer their rates for the procurement of at least 200,000 metric tons of the sweet.
It is to be recalled that initially, the corporation had tried to import sugar through an international bid which later didn’t pan out as expected. Following this, the corporation opted for direct invitations to short-listed companies.
The final steps of buying sugar from shortlisted companies, which offered their rates and conditions, were then underway with the files being filed to the Ministry of Finance (MoF) for final approval. However, at the latest meeting with officials from MoF, the ministry placed the process on hold and insisted ESC proceed with another round as soon as possible.
There have been also companies who had expressed their interest directly to MoF to supply the basic commodity.
According to the information Capital obtained from MoF, the companies that expressed their offers for the ministry had in compliment sent to the ESC so as to be part of the latest process that the corporation is undertaking.
As per the direction given by MoF, the corporation has invited all companies that have been interested to be part of the latest bid.
According to Weyo Roba, CEO of ESC, the corporation has preceded the invitation for both the companies that have approached the corporation in the previous processes and those who are at MoF.
He told Capital that the current procurement process would follow the differed letter of credit scheme that would be paid in the future but at least within two years’ time.
The various companies’ offers are expected to be opened in the coming week.
The government has the interest to buy about 300, 000 metric tons of sugar.
The country annually imports up to 350,000 metric tons of sugar to address the gap. ESC targeted to produce 413,000 metric tons in the current budget year.
As ESC highlights, in the budget year, the corporation plans to supply about 720,000 metric tons of sugar for consumption.
The sugar demand has been growing from time to time and it is estimated that the country’s annual sugar demand stands at 1.2 million metric tons. Thus the remaining gap is covered by other importers who have a special permit from the government and those who have Franco-Valuta privileges.
ESC tables differed LC sugar import
EMC, French embassy discuss Ethiopia’s media landscape
The French embassy in collaboration with the Ethiopian Media Council holds a panel discussion on the media landscape in Ethiopia.
Including Remi Merechaux, ambassador of France to Ethiopia, Amare Aregawi President of the Ethiopian Media Council, Rakeb Messele Deputy Commissioner of Ethiopian Human Rights Commission, Journalists, media owners and different stakeholders participated in the panel held on Thursday, May 12, 2022, in the premises of the Ethio-French Alliance of Addis Ababa.
This event was organized to celebrate 125 years of bilateral relations between France and Ethiopia and the panel discussions fell within the framework of the 125th anniversary of the bilateral relations between France and Ethiopia.
In similar news, this week the Embassy in collaboration with Alliance Ethio Francaise has conducted a two days masterclass training for Ethiopian journalists on conflict reporting. The training which was concluded on Wednesday took place in collaboration with the self-regulatory independent body, the Ethiopian Media Council.
SOS Children’s Village launches project to help Ethiopia’s street children
SOS Children’s Village launches a project to support street children in three major cities; Addis Ababa, Adama and Dire Dewa.
The project aims to reduce the number of children on the street by helping them to make the transition from street life. The project is said to last for five years with a total budget of 4.38 million euros. The project will outreach more than 9,000 street children in the 3 cities giving outreach services such as feeding, mobile health and counseling services. During the course of the project, 2,500 children will receive temporary shelter, and over 1,500 children will get education and training opportunities.
Additionally, the project is said to work on capacity building for community-based organizations and NGOs and advocacy and social mobilization. The project was officially launched on Tuesday, May 10, 2022, at the Skylight hotel with the presence of different stakeholders including Ergogie Tesfaye /Ph.D./ Minister of Women and Social Affairs.
As reports show, more than 150,000 children live on the streets to which Addis Ababa hosted more than 60,000. However, the number is likely to increase even more because of the influx of internal migration to cities from all corners of the country.
Totalenergies prizes three winners of the third round of startup of the year challenge from Ethiopia
As it has been announced that winners will receive financial support amounting to 370,000 birr, and will get coaching for the development of their project
Winner entrepreneurs were selected by local jury comprised of experts, Natnael Alemayehu with Haleta Tutors project, Hoheyat Berhanu with Husky Energy and Technologies and Mihiret Redi with Dynamo Center for Technology are said to be the three winners from Ethiopia.
Additionally each winner of this edition will have their project presented in front of a “Grand Jury” in charge of choosing, in mid-May, the three “Grand Winners” of the African continent amongst the 32 countries.
The winners were awarded during an official award ceremony organised on May 11, 2022 at Hyatt Regency Hotel, Addis Ababa.
The third round was launched with the aim to support young African entrepreneurs between the ages of 18 and 35. “All business creation project holders and young innovative startups with a positive impact on their communities and the planet can participate,” stated TotalEnergies.
In Ethiopia, 888 applications were submitted, of which 355 were complete, and 15 finalists were able to pitch their project before the local jury.
