Ethiopian Public Enterprises Supervising Authority (PESA) Invitation to Prospective Management Contract Partners for Expression of Interest in 5 Public enterprises

PESA invites prospective companies to express their interest to enter into a management contract as a (manager/operator). Or for joint investment, non-equity joint venture, and lease with Public Enterprises to be a joint owner, strategic partner, or lessee. PESA expects the management contract to last for a period of 2/3 years with an option of extension. The list of enterprises that may be contracted out.
1. Arbaminch Textile S.C.
2. Bahirdar Textile S.C.
3. Diredawa Textile Factory
4. Ethio-Japan Synthetics textile S.C.
5. Nathreth textile S.C.

The preferred form of cooperation is the Management Contract. However, the second preferred options: equity joint venture, non-equity joint venture, and leasing out of the business of public enterprises and their combinations are also welcome should a partner choose so. The prospective partners are expected to map out their intentions (plans) and how they could implement their plans in detail if they are chosen.

Interested parties are requested to submit their proposals covering the following information:

a) Full name of the company and the contact person, postal address, telephone, tax number and e-mail address.
b) Details of ownership structure of the partner company.
c) Audited financial statements for the last five years of the partner company.
d) Company profile/ credentials including capital, turnover, markets, manpower, etc.
e) List of related partnerships completed /in-hand with brief description, territory, amount, size, duration, facilities provided and completion report if any.
f) Proposed form of partnership with a selected public enterprise and the business plan for partnership.
g) Business plan implementation time frame.
h) Commercial proposal and financing which may include requirements in investment, management fee and rent together with financial projections statements (for the chosen enterprise) as per the chosen modality requirements.
i) Revenue and profit sharing arrangements, if any.
j) Management/operation sharing arrangement, if any.
k) Proposed duration and terms and conditions of the partnership modalities chosen.
l) Marketing strategy.

Pre-Qualification Criteria
¡¤ Having operated and managed at least for three years in the intended line of business
¡¤ A successful track record of expanding the line of business in a developing or developed country
¡¤ Sufficient technical, financial and management resources to grow the chosen enterprise and enhance shareholder value
¡¤ Proven export market network or outlet.
Contact Details
Mr. Daniel Benti, /Mr. Mesfin Wubeshet
Public Enterprises Supervising Authority
Addis Ababa, Ethiopia
Tel: +251-1-539009, Fax: +251-1-536629 or 538628,
[email protected] or [email protected]/[email protected]
Note: Proposed timetable for submission of the proposal and profile of the enterprises is available at the embassy. Please find the address of the embassy at the back of this magazine.