Office Furniture
The Development Bank of Ethiopia intends to sell different items.
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Description
Bid Announcement
The Development Bank of Ethiopia intends to sell the following properties that it has acquired from defaulters pursuant to the power vested in it by 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 |
Level of Bid |
Bid Type |
Bid Floor Price (Birr) |
Date and Time of Bid |
|
1 |
Ato Girma Afework Medimim |
Addis Ababa City, Nifas Silk Lafto Sub city Wereda 08
|
Gatepro Corrugated Iron Sheet Factory, Building construction, Electrical works, Machinery, Materials, office furniture and equipment's, Raw materials and other inventory items |
1,678 square meter
|
1st
|
Closed Bid
|
137,956,256.00 (One Hundred Thrity Seven Million nine Hundred Fifty Six Thousand Two Hundred Fifty six Birr)
|
November 09,2026 From 10:00-12:00 AM
|
Bidding Instructions;
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 November 09, 2026 9:50 AM 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.
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) consecutive calendar days from the date of 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 on the dates specified in the table herein above, and shall open at 10:00AM and close at 12:00AM
5. On top of the winning price the winner is required to pay 15% VAT (Fifteen Percent Value Added Tax), ownership transfer payment 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 collateral 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 finalised.
9. Interest bidders can make a prior appointment with the Bank to visit the properties before the bid date.
10. Only Bidders or their legal agencies shall be allowed to attend the bid process.
11. 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 011-524-53-73/011 524-42-69
12. The Bank reserves the right to cancel the bid partially or fully.
THE DEVELOPMENT BANK OF ETHIOPIA
Tender details
- Deadline: 2026-11-09
- Bid closing time: 12:00
- Bid opening: 2026-11-09 12:00
- Region: Addis Ababa
- Publishing entity: Development Bank of Ethiopia
- Buyer address: DBE Head Office, Property and Facility Management Directorate Procurement Team, Tower II,5th floor,
- Bid bond: 10% (ten percent)
- Bid document price: 100.00 Birr
- Published on: Ethiopian Herald (Oct 04, 2026)
- Posted at: 2026-10-05T11:48:36.000Z
- Source: Qelal Tenders