1. Property Details and Bid Schedule
| S.N |
Property/Project Name & Location |
Type of Property/Project |
Plot Size |
Bid Floor Price (Birr) |
Bid Type |
Bid Date & Time |
Bid Level |
| 1 |
My Shoes and Leather Manufacturing PLC (Amhara Region, Debre Birhan town, 09 kebele) |
Shoes and Leather manufacturing Factory (under implementation), Constructions, machineries and Electrical equipment |
6.83 hectare |
397,968,817.12 |
Closed Bid |
December 02, 2025 (10:00 AM – 12:00 PM) |
2nd |
| 2 |
Gatepro Corrugated Iron Sheet Factory (Addis Abeba, Nifas Silk lafto sub city, Woreda 08, kebele 11) |
Building construction, Electrical works, Machinery, materials, Office furniture and equipment, Raw materials and product inventory |
1,678 m2 |
122,600,997.28 |
Negotiation |
December 01, 2025 (10:00 AM – 12:00 PM) |
1st |
Bid Location (All Properties): Development Bank of Ethiopia Tower two, 5th floor.
2. General Bid Requirements and Procedures
A. Document Access and Submission
- Bid Document Fee: Birr 100.00 (One Hundred Birr) non-refundable in cash, obtainable during office hours at the Bank’s Head Office.
- Submission Deadline (Closed Bid, Item 1): The complete wax-sealed bid document must be received by December 02, 2025, 9:50 AM, at the bid boxes located at the Bank’s Head Office, second tower, ground floor.
- Negotiation (Item 2): Bidders can negotiate on December 01, 2025, from 10:00 AM – 12:00 PM.
- Bidding Requirement: Bidders must fill out the bid document with their name, offer price, and other required information.
B. Financial Requirements
- Bid Security (Bid Bond): Bidders shall submit 10% (ten percent) of the bid floor price only in CPO (Cash Payment Order) as a bid security.
- Payment Term: The winner must deposit the remaining winning price within 15 (Fifteen) calendar days from the date of the award.
- Default Penalty: Failure to deposit the remaining amount within 15 days will result in the loss of the bid security and cancellation of the award.
- Sale Type: The Bank intends to sell the properties only in cash.
C. Post-Award Obligations
- Taxes and Fees: The winner is required to pay 15% VAT (Value Added Tax), and all other legal and administrative fees and charges in accordance with applicable laws.
- Customs Duty: Some components were procured under a duty-free scheme. The winner must either have a matching custom duty exemption privilege or be bound to pay the outstanding duties & taxes.
- Title Transfer: The Bank will write a letter to the concerned government body to facilitate the title transfer, but the buyer is responsible for following through and finalizing the process.
D. Attendance and Information
- Attendance: Only the bidders or their legal agents shall be allowed to attend the bid process.
- Property Visit: The Bank can arrange a pre-scheduled visit for interested bidders.
- Contact Information: For more information, contact the Ongoing Concern Projects and Acquired Assets Management Directorate, 2nd Tower 3rd Floor, or call 011-524-53-73 / 011-524-42-69.
Note: The Bank reserves the right to cancel the bid partially or fully.
