ከስር የተቀመጠውን እያንዳንዱን መረጃ በጥንቃቄ ያንብቡ። Please read the detailed instructions below.

BID ANNOUNCEMENT

The Development Bank of Ethiopia intends to sell the following properties that it has acquired from a defaulters pursuant to the power vested in it by ion No. proclamation No. 97/98, 216/2000 and 1147/2019.

S.N	Borrower’s/ Guarantor’s Name	Property/project Location	Type of Property/project	Plot size (In ha or m²)	Level of Bid	Bid Type	Bid Floor Price (Birr)	Date and Time of Bid
1	My Shoe and Lather Manufacturing PLC	Amhara National Regional State Debre Birhan town 09 kebele	Shoes and Leather manufacturing Factory (under implementation), Constructions, machineries and Electrical equipment	6.83 hectare	2nd	Closed	Birr 397,968,817.12 (Three Hundred Ninety-Seven Million Nine Hundred Sixty- Eight Thousand Eight Hundred Seventeen Birr and Twelve Cents)	December 02, 2025 From 10:00-12:00AM
2	Ato Girma Afework Medimin	Addis Ababa City, Nifas Silk lafto sub city Woreda 08 kebele 11	Gatepro corrugated iron sheet Factory: Building construction, Electrical works, Machinery, materials, Office Furniture and equipment, Raw materials and product inventory	1,678 Square meter	1st	Negociation	122,600,997.28 (One Hundred Twenty Two Million Six Hundred Thousand Nine Hundred Ninety Seven Birr and Twenty Eight Cents)	December 01, 2025 From 10:00-12:00AM

 

1. Interested bidders can obtain a complete bid document of the properties, during office hours of the Bank upon payment of non-refundable fee of Birr 100.00 (Birr One Hundred) in cash, and fill out the bid document with their name, they offer price and other information as required by the format.

The Complete wax-sealed bid document should be received until December 02, 2025 9:50 AM for Shoes and Leather Manufacturing Factory through bid boxes placed at the Bank’s Head Office, second tower, ground floor starting from the third day of publication of this bid announcement and can negotiate on December 01, 2025 from 10:00 A.M-12:00 A.M for Corrugated Iron Sheet Factory

2. Bidders shall submit 10% (ten percent) of the floor price only in CPO as a bid security.

3. A winner shall deposit the remaining winning price within 15 (Fifteen) calendar days from the date award. Failure to deposit the amount within the specified time frame shall be a cause for loss of a bid security and cancellation of the award (bid).

4. The bid shall take place at the Head office of the Development Bank of Ethiopia Tower two, 5th floor on the date and time specified in the table herein above.

5. The winner is required to pay 15% VAT (Fifteen Percent Value Added Tax), and all other legal and administrative fees and charges in accordance with applicable laws.

6. Some components of the properties have been procured under duty free scheme. Thus, the winner should either have matching custom duty exemption privilege or else shall be bound to pay the outstanding duties & taxes.

7. The bank intends to sell the properties only in cash.

8. The bank will write a letter to the concerned government body to facilitate transfer of the title of the properties to the buyer. It shall be the buyer’s responsibility to follow-through the process and get it finalized.

9. Only the bidders or their legal agencies shall be allowed to attend the bid process.

10. Interested and eligible bidders may obtain more information from the Development Bank of Ethiopia, Ongoing Concern Projects and Acquired Assets Management Directorate, 2nd Tower 3rd Floor or through telephone 011-524-5373 / 011-524-4269. The Bank can arrange a pre-scheduled visit for interested bidders,.

11. The Bank reserves the right to cancel the bid partially or fully.

THE DEVELOPMENT  BANK OF ETHIOPIA