Privatization and Public Enterprises Supervising Authority Establishment Proclamation (No. 412 of 2004)

FEDERAL NEGARIT GAZETA OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA >.rt."t '¼""-r •P'f•r. ¥1, },,JI.I\ >.Oll-,h?"/1. t~ •n :rntl~ '¼.9" n>v"t•f·l\' .e &.,.e.,1,.11,,: Yi. 'f''t11..,u ... ,: cr·nl'IJ1 f,"/1lMl ·t•mJ-,r,:f 9"t1C fl,•)· mlJ,r.~:,. f(l)nl I01h Year No. 57 ADDIS ABABA-2 nd August, 2004 fT t. .e ii. :r .en:li 't«. f OD'}"I p,:,. r A 0 '1 ·1- .t'..· c ~.y. ··}~ ,f>.f>n1n1~ 'lflP'A"I'}'} I\OIJ'k'k'I" !'ttJnl >i'P :e ; 11'". littxM rT?.e'ii.:t-.et1. 7i"J'i' roo,..,p,."fw r A"7:t- ~c~-,.. 'f ,..y. "l"l t flt\ P' A "l"J1 t\ "7cJ:cJ:'I° f (l)"l "1 'P ~ OD'}°} ,P' •l- {1J\J1'j'0 2, HC~ .,.~:,-~ {lODftfflT'i' P°lt\-1 h~ft {l0 '/i'l4-4-T r h1t~1 Phti'.'0 2. hi'l~i\ 1. {l<IDff ~: y ft a,.'} 0 '1. c,· ,,. hti'i' 0 2. Y;Ci'i A 0 •1:,. 0 '/4,m'} PA "/1· Y:C~·Y.'f flOD1°1PT ,er•:r PC h{)I-J(l. Y:t.{) ·rlll~~t'i' hTt•t. tr',ar (lODc/>fnA r1nt~1 rh·}~{):,.t A 0 ·1·l- {)·rt-·t·>r. n"·1rit.1t9"', ht'i'.'0 2..f'<f! >tY:1T 0°'/'J°fll•l• /.1Y: -,.1(lllV} <1</. 'i h '}~61>}.(JJ~ fl. 0 '1 Y:t. °1 P0 ? •• ffl ":i·A . >t<JVl,.C'i t.• :J<t: OD{)m :,- fl"7fl~ft 1-; h 'IH.U"> '¼lt 0 '19''f tt 0 'l{)~?t9" r h ·l-r-~ .r T?.e'ii.:r ,e,1, 7i"> h.l1c'l.. ">'i' f ODJ°I PT r A 0 '/·l ~c ~.Y· 'f ,, .4',n7n7t, 'lfl.PA"711 (1°'/'P'/.r: r~Tt-,e 'ii..-r f,H. 7i1 Tr.'°11,-0V•'} .}1~~7''}"',' P<ID'}°]/.U•l· f A 0 7T ~c :~.Y. 'f '} p,wcf',a1mc ·t·"l'1<: "'14•',' ~f'>l no'lll~fl 1-: CONTENTS Proclamation No.412/2004 A Proclamation to Provide for The Establishment of The Privatization and Public Enterprises Supervising Authority ... Page . 2791 PROCLAMATION NO. 412 /2004. A PROCLAMATION TO PROVIDE FOR THE ESTABLISHMENT OF THE PRIVATIZATION AND PUBLIC ENTERPRISES SUPERVISING AUTHORITY WHEREAS, it has become necessary to change the role and participation of the state in the economy and to encourage the expansion of the private sector and thereby promote the economic development of the Country; WHEREAS, as long as public enterp,ises - to continue under state ownership, it is necessary to provide them with such guidance and support so as to enable them to be competitive and profitable a,. thereby play appropriate role in the implementation of the Country's industrial development strategy and the enhancement of economic growth; WHEREAS, to achieve these objectives, it has become necessary to amalgamate the Ethiopian Privatization Agency and the Public Enterprises Supervising Authority with a view to coordinating the implementation of the Privatization Programme with the activities of supervising public enterprise: Federal Negarit Gazcta ..... No. s,7 2"d August. 2004 ......... Pag 2792 Cl>'t. .-,..f-A-- J1 ~.e.,&--il'e >t 'l°ht.-0..f'e 6T111\.h NOW, THEREFORE, in. accordance with Article rh1 OD'}°lfl:,. h'><f>?i 9,'l;J~/ nowt,.:,. roih-tt\a>- 55(1}·6f the Constitution of the Federal Democratic ;ra>-lA:: Republic of Ethiopia, it is hereby proclaimed as follows: \,, ,eu h'P.e- "rT&--.efi.;J,,en. 7i'}'i' r001°1/-'-'•r rA 0 7:,. ~C~.Y.':f 1•.f>n1n1t, fJt\FAan °'l'k'koi,e h'P:e: <ll'f'C iWH!(iiiv1'i. 11 -t-11"0 l\,m<f>fl .e':filA:: ,}-c~oi r :J>f\. >t1'11l l\.'I ,}-c1-?" r0 'f • .P(lmar '1Alf', (lr)rf'<f>C ClttU h'P~ aJ•r)'f': ?;/ «Tt.-.eii..+ .en. 7i'}» 0 7/l.-,.. r00') 0 //-'-'•l· {~A °'1.-,.. ~c.e-.Y.:Y.1 w~ °IA flll 0 711wc (lwn1ffl• h'P:e: <l?rrc l!f~'k/ H!fll! h'J<f>?i I/bl r-tomm- :,.c~0 'L .e<rt.'PA; ff../ «roo'}..,,,,,.,.-,.. rA0 7.-,.. ~c.e-:,.» 0 7t\.-,.. (lOD'}°IF.-,.. rA0 7.-,.. ~c:e:.Y.:Y. h'P:e: <l?rrc fi'l;Jiiifitfi h'><f>?i Jl1li1 r•f'00t\h-ta>·'} :,.c~ 0 'L r0 ?.,,f~ ii ~:C .e-·r OJ .e,9'' hhflf-c:';I: {IU•h• (lo0 •ll· (ltm')"JF•l· fJt\Cl. .-,...,.-,.. r·t- .fll· Mio. f-'} 0 7·rnc ri. tr·> Clt\.t\0 :Y. m°l:Y. w ,e'J" 0001°1 /-'-'•r m·ti'l. r•t-t\r -t.f>llllll6 fJt\FA11n r-tl'lr00il:f(I}-'} .f: C .e-.Y• "f h ,eQJ. 'I° C 'I" ; Cl «h1111 f-'} 0 7•)(lC» 0 7t\.-,.. Clh&,A 0001.., ,,,,.,.-,.. fJt .:,..,.-,.. r-t .f ti hho. r-1 °'/•)(lC O.lf'} OD'}°IF:,. ClA 0 '/:,. ~C:.~.Y.':f .' /T</1-J,e .,.-,.. 'lt\>tho. f-'} flf'tfJ:f:a>·'} hhll. f-'J 0 7·)(11,.:,. it,e'w.'J"C9''; QI «f Fir h00lrC nc~» 0 '/ll.-,.. f<.TlJ'} '?/-'-'•l· rA 0 1:,. f:c.e,:,. r ,,,,.,1,. >,001,.c oc~ o.tr·> {ID<n- o{ID•n• 000·1..,,,,,.,:,. fJt .:,..,.-,.. r-t .fH hhO. f-'} 0 7·rnc f >tt.h·N~:Y. nc .r.-1 .eblJ.'I" &--A: {;I «°t'l..fl1;C» 'h'i' «0 7.'l..fl.-,..C» 0 7/l:,. 'h')~ :,, ~'I" -th-tn- f'>°I ~'i' >t. ·>~fl.-,..6 0 "1. 'l. fl 1; C 'h 'i' °t 'l. fl:,. C ',a>· : : r. ~**r bl fT/r,efi..+,e11,7i'}', fOD'} 0 ;.I-'-':,. ft\ 0 7.-,.. .f:C.e-•Y.."f -t,f,a,n16 'lt\P'At11'} lhH.U Cl~il «'lt\FAlll'>» 'hr·t·fJt\ roimt.-1 f m°I (1(1}-',:,. ,f t\a>- t,.(l.') f :J:t\ f ~fo&--A <W'J°IF.-,.. llDF6.f n,:,. tfc:' Otl:J i't'P:£~.: ·t·'J:c#:~A:: 1. Short Title This Proclamation may be cited as the ''Privatization and Public Enterprises Supervising Authority Establishment Proclamation No. 412/2004." 2. Definitions In this Proclamation, unless the context requires otherwise: 1 / the word ''privatization" shall have the meaninL assigned to it under Article 2( 1) of the Privatization of Public Enterprises Proclamation No. 146/1998; 2/ "public enterprise" means an enterprise as defined under Article 2( 1) of the Public Enterprises Proclamation No. 25/1992, or a wholly state owned share company, but excluding those enterprises for which specific supervising authorities are designated by other laws of decisions of the Government; 3/ "share company" means a share company partially owned by the state, but excluding those share companies in which the state owns shares through public enterprises; 4/ "board of management" means a board of management of a public enterprise and includes board of directors of a wholly state owned shar company; 5/ "Ministry" and "Minister" means the Ministry and Minister of Trade and Industry respectively. 3. Establishment I/ The Privatization and Public Enterprises Authority (hereinafter referred to as the "Authority") is hereby established as an autonomous federal government office having its own legal personality. 11' !! -,.: 1..·.·1r.·.· /..Y .. 1.-A 1:>t.."f- .,,i0 1 4:'f'r: y, · . ,1,9•11. K ·.t. -~·1 , , , · ,· ; · ,. 'L?" 1· 'll • I N t c· t N -7 ,nct A 2004 p j ,. . ·e erd : egan 1a1c a . . . . o. ) ~ ugust, ........ ag] 2793 JV '11\P'A"l'i• ·f·m6'i-t: 1\ 0 '/.'i.{H;-;.. ,e,1r'iA:: 2/ The Authority shall be accountable to the r'll\P'A"l'i- 'P'i uvP'6.f nJt· n;°'.v..r, i,n11 lf'r >t '}P,flt.'11. 'i-t: Cl 0 '1~·:f(lr9° p,<,:1,. :1,c} liliJ.<t: l\.'i' t.m· ,e·f'IA:: iii rT1,.,e,,i,;J·,e11:li·} TC'°ll,-9" {'t.flJ'i"ll"':,. : rt, ;•1·l· ~-c :~:.y. ·-r ·,- m r. .., A I\ ,,.,,,me (lW"lal· h'P:e: 0110-•t.·l· "/A'A·'j •t·A1111. OU''i un'}'l ~- 7, 1,V,. &.7'9'' rai1.r.: /. "J: ii rcm'}'?P'•l· PA"'/•} ~-c::() :.y.·,r )'t:,., .. ,:,:m•·} n•t•i'il\ Y.t.~ ,.,,:,,9» 'I,(-', ;>,·,-.v. •• em·/\· ll"'/1) :,f-A'i {'·f•i'ii'ii\• P0 '/'1Y.:an•,-:,. /"C'}·Y· :f'}',' ,t h'i' i\ .. j.)~ '} nuvm c/>9" r ,.., , 1,. ht.~ 'A "'fl:(J)• >t '} P, i'i7i A 'i r 'I er ,1r m. ·l· ;>,·,-Pi •• f m 1 m• rU1J11n E1 n1·i\.r~ 9''h'> .r•r• 1· r"1A 'li\1MH· ·.r /\.')·/· ~q:,:m. 'lA:J:i\, i\l,.b':' 0 ?,m· >tm:J''I.P, A 0 '/7' "'/',cf, I\. lf ',. (1°'1. "·f I\· 110:: :r- )'t ,lj,V, (l r A"'J•l· J?.·c :~-r-1· 7, '},fi)I:*""' r"'J Y: 1. "I: QI rm1 '}°11"·l· PA"'/•} J'..·c:() :.y.:f•} 1,a",~-1: r,.mcf>"lmC: 7, ~ '{;J 0,, 0 ,.., P'·l· PA 0 ·1·l· J?.•c :~-r- :r,; M1,u•-·, "'J·~n1,.•l· pau•,-..,,..,,,}•,- i''li\Ct·1·i·l- 0 "·n:,. r"'lflhnc:: 'll\P'A"l'i· P0 '1.h1·i\•1· l',,A"r}'i ·l·"/'lC'.-f ,e 'i' ~ ;r A ; 111 rTt.J?.,i;t-.eu.·o·} Tr.'"J/,.oD•'} Clh'P.~: 4:'l'C: fl.r::rkl.W.f.1fl. Jt:1:r1,91 :-;. rmu,1.·)· .f fl/,.. 'R"'l /.\ : r II. tJ <?;'} .'J'I, hm.P 'I J', >, '1 :, '1<: >t 1J.'.1·m0</> U''i': Ministry. 4. Head Office The Authority shall have its head office in Addis Ababa and may have branch offices elsewhere as 11, ty be necessary. 5. Objectives • 6. I he 1\11thority shall have the following < lhin·1 i\ cs: I., lo 11nplc111e11l tile Privatization Programme in accnrdance with the privatization of p1,hli,• enterprises legislation and in a tra1\sparent and efficient manner; 2/ to support public enterprises in attammg higher level ()r capacity utilization and the en1ployment or better management systems a11d technology and thereby to improve their pcrfonnancc and to max1m1ze their achievements: 3/ to cause the establishment of new enterprises in sectors where private investors could not participate for various reasons and which will be bottlenecks for the overall economic clc\'clorrnent: (1 l c;upcrv1sc lite management or public e11t1 Tprises; 5/ to protect the ownership rights of the st:• 1" ;'l public enterprises and share companies. Powers and Duties The Authority shall have the following powers and dutl .... ·:~· II to implement the a Privatization Programme in accordance with the provisions of the privatization of Public Enterprises Proclamation No. 146/1998; and, without ptTjudicc tu the generality of this provision, lu: lJ. (l)J.'. '?A f 0 'l,tf(IJ~ fOD'}'?/P7" f A. 0 '/7" .r:c~.Y."f'>'i f htu\r-1 f,t•:r9'":f·'> 1f C1f C /\ 0 'l. 'I. {)-t; <;. h:,. /.(l .f {)(IJ(l', A : ,\. fOD'}'?/P7" f A. 0 '/•r ~c :~-Y· ":f•'} (DJ.'. '?A /\ 0 '/tf(IJC f 0 '1.J:'{l/..{\ 1· •} r:uo 1l'?~·f-"f tJ.t'\· h'>~.h','tn',. J;'Y.C;JA: "'· OTt-f.'ii:r f,tt.'/i'} f 0 '1.IJ·t~ 'l/\1MH· ":f· fO'l,(J)~f. <;.f):f(J}-'} ODODH~ 9'T f,tO{) 'i A ; f h 1 C (I}-{) '1' fl /\ 1 Ml .Y. ".f -t ti :,. l.': ?" /\.Ot..+.+ f 0 'l."fA07"'} OD·}1.r: f,c/>f, IJA; OD. T t• f. 'ii :r ,r, tt. 'Ii.,.'> " 0 '1 ri 1..?. 'I" r "'I . .(' (l /../.\1- (l',l'."f'} .fU,'.JlfA.: IP fTt-f.'ii.+ f,H. '/i'} Tr.''?1,-0l>•'i hi..~ '/.Ol,. Oih1111 h'>>t:rm:,. l\or1.r:t.'? f 0 'l,,f{)/..A 1- hC9''1f 9'".f '} f,(JJ{l~A, t. . f .r; '", t. T /,. f, 'ii ;r f, If. ·1n t, :,. ·r A O "'/ Y,; t. '? OTt-f,O.;r f,tl, 'li'I• f'·t·IJ·t·~ 'lt\lJ '1l·f-"f f 1'.l. :fa>·'} '? Y .. :J· 9'":i· "'/h{lt,. r(J}-'} J' /.,'.J'?nlA.: Tt•f, ,i:J· f,u:li'I• .<>~h,t/\(1)-'} hm:J'i\f. a>·m,•l- .e·w0 '?o'//,\; I. h'?fJ1l'l7" .r:c~.Y."f f /\,1\o "f (f',T , i\ r(D- r OD'}°' ,IP:,. r A 0 .,:,. h'P~ <ll'l'C !l<;!Htrii•g h'i' m .,"f .r:1.'.11,9'".f h'}f.·tm0"1 1,. ntt.u h'P~ h'>cr?i l;1r.1 ,IIJ,P/.•r f/.\ 0 77" .r:c.~f-"f'} t\ 0 '/cJ:cJ:,r fT(!'l t,:,. 'f''if-".f'} ft-,Y,~/,\; "· hOD'>'?.!P:,. .'.Jc 0:,,1~:,. h.'fn(l:r " 0 ., .r:1. °' r 0 'l.t..A 1- 'l/\1111-,-:r r"'I.J'4• c,.1. r(J}-'}• rTr.'~tt:r 'ltJ(l:f. •19""}'1u 1\ 0 '1.'l.{)-t;~ h:t>Cfl J'{l?..r; :PA: ·t· 0 J'lt•'P. 'I :J· r (I}- '} ?" f, h ;r -ti\ A : "'· f OD'}'? /P7" f A 0 '/7" .r:c.~.Y- ~~ '} h:t>9" f\OD1'}{)7" fO'l,(. r: '}'','f•".f'} (10'/t-,Y, r: hm:J'i\f, ODODl,.f9'".f'} t,(lnlf.\; h:dc1 al Negar11 , ,a1cta No , 7 2"" August. 200-t l'ag 279-1 a) submit, to the Ministry, the list of public enterprises and government shareholdings to be privatized, and obtain approval thereof; b) cause the undertaking of all necessar: preparatory works for the privatization of' enterprises; c) determine bid evaluation criteria for the selection of investors participating in privatization; and design ways and means of encouraging domestic investors to participate 111 the privatization of enterprises; d) prepare necessary documents to be used in the privatization process; e) take all necessary measures to publicize the Privatization Programme and its implementation; f) through post privatization monitoring. ensure compliance of iP· "·' 1)rs obligations. and undertake impact assessment of the privatization m general; 2/ Without prejudice to the relevant provisions of the Public Enterprises Proclamation No.25/1992 and other laws, to: a) undertake project studies for the establishment of enterprises pursuant tu Article 5(3) of this Proclamation: b) evaluate and submit to the Ministry, for its approval, project proposals presented hy investors intending to invest in partnership with the government; and follow up the implementation of same: c) undertake studies and provide guidelines with a view to as~;stinr ·"1hlic enterprises in building their capacities; on, f'Uo1°1P''T f'&\ 0 '1-r ~c,:.:,. f'P't• >tunt.c (lC~ 1Hl/'tO.'i >t'll\-r1 ,eoo~(I/;\: ..f"1ti&\= >tOl\rOr19" .f',Wfl'iA; tf'<i'9" f'>tq>:~ •f?'f'C 'li"?;/Ittfit!J f'>t14>1' HVil ~1:n. 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"OD1,.c flc~r. r 0 ·,.,,~0lJ·1·r i"t'll\·l· f•/,.~ 0 'l, f'Olf.lf"} (lOJ•{ll,'.,.. l\f, f•/•UlJ wt.-t- f' 0 70t •. +:r .t»C'¼·l- .eut.:1A = (lp (,. I\ f, 'h "} >t (I}- A 9" ..f' Y. C ;J A ; :f. UhhO. r-1 °7..,0trT f''lt\hhO. r-c:·f 1-ri tt OD"}.., F :,-. 1 ,ero hi\ A ; nan•>.., .t» ·l Cl h-A fOlf.<f>CCl- f >tt>h·f·C'"f- flC.{'; h,ld: it'll\ T'1 .eo.e0 ·1 A; .., n;,...., ODwt.:,-. ruv1°1P'·r rA 0 '/•r f: C :~ T u.• 1,. -t-7t "f- '1 'i f 0 '1 'b :~ OD '1 ·l· h q I\T'1 hm•t.;r t,~U</. hAA 01\,e Clh1 A°lfloT l\f, flt\ 0 7~f'T 0°1.<f>C•(l rr .f'<g I\ f, f OD bQ. t. i'j (I}-/) ',. f, (l "1 /;\ : Cl f1flt.-l' Clt\Cl.T f,tf'i'A= Or/;\ ,eqJ<Pf\A; nflo0 • ,ehl)A = .ehol)A; Q/ '}1\ 0 '/0r') t\ 0 '/{ll,.'1,.9" f"'l .. ffl&.A .,. t\.f\. .. :r, t-°I 'l C' ".)"- ") j' tl 'i" Or 'i' A: : Federal Negarit C,azeta. No. 57 2nd August. 2004 ........ Page 2795 d) appoint and remove the chairpersons and members of boards of management of public enterprises and fix their fees; provided, however, that the provisions of Article 12(2) of Proclamation No.25/199:::: "hall apply to the appointment of members of board of directors of enterprises the shares of which are wholly state owned; e) approve the appointment of external auditors of public enterprises; f) approve corporate targets and investment plans of pub 1 ic enterprises; g) follow up and evaluate the performance of public enterprises; h) approve financial reports of public enterprises as audited by external auditors; i) issue directives on writing off the accounts of public enterprises and follmv up their implementations; j) undertake appropriate studies and submit recommendations to the Ministry where the amalgamation or division of public enterprises becomes necessary; k) undertake studies and implement resun oriented incentive schemes applicable to members of boards of management of public enterprises and their management staff; I) represent the Government in general meetings of shareholders of share companies and nominate directors on behalf of the government; m) give final decisions on requests to retain, in accordance with the law, employees and management staff members of public enterprises m service beyond retirement age; 3/ to own property, enter into contracts, and to· sue and be sued in its own name; 4/ to perform other acts as are requireu for . attainment of its objectives. i. \. /ii f'Tt•.e ii.-t- .ett. 7i'} flC .r: lhll tJ O~'°I «flC .r:» hf'·t-'lt\ f' 0 Vnt-l: El h 1 Y.flt.ti t •,..t; 0°?. tflT't• r0 '0fo0 • ?''hTA 'P'i ~t.h+c'f: h'i QI i-tflt.tita>- IPl,.•t-7/':Y·= ,e'f"'.-t-A:: fl C ~ (l 1M Q a>-'} Q;l. 9" C' 0 OD'} °7 P' T r 0 ·u1 r Ofh h '1'1 T .e'f"';rA; <h'l't•rm·9" '1'}.';tlt.'°11.'rf: ,emn'iA:: fflC~ P'A"l')'i -t-'7'1C li I r H. u h '} <f> 1i '}().fl h '} •r Yi· l'f!.I Y: '} ;J ·1. h'>Y.+mO<f> lf'f: flC~ r 0 t h·h\••l· P'A"l1'i -r°J'lC''f .e'f"';rA; 0. f'Tt-.eii.:r.ett. 7i'} TC'°//,,OD•'} ht.~1'9" {l(li'1 e~:,-. eOD/,.AT ,e~"lmt-A; IL f'Tt-.eii..-t- .ett. 7i~ 'I.Y.·r P'C'¼•r'}'i tti."J'e~:,-.1 r-t-h+i\: o>-t1P1,.c °JA?i~T ODCU ti.e f'•f-llD1J.•t.·l·'i r+<f>i\mt. ODlf~'} .rt..."J°l"lA; th. f'Tt-.eii..-t- .ett. 7i'} TC'°/1,.0D•'} i\ 0 '/c)L 1'9" rui..rrit.A 1· unODt,.f9'l·'> .ro.r: :J'A; OD hT/,, en,.,-r ,eH. 7i'} TC' 0 //,,9" hk'{7'9" ."JC + f .ettm- 0°7. ~(I. r ;r i\.l'l. ·1->;r- ~ i\.e h1~'7'10- U>-1>/'b .enn1A (IJ,e9" hi-tfl+ff'T ."JC i\«<J..tfl·t"' f<f>C'lA; IP. h T Ir e 0. ;r .eH. 7i '} TC' '7 I,. 01>- ht.'{ 1' 9" ."JC + f .ettm- f1°7. <f>CO- i-t0.1: ;1·9''f '} ODC9"C' hflT~J.'./r'J! U>-t)'b ,e{)fllt\; t... rT t-.e o.:r .ett. 7i~1 'I.Y. ·r i\ 0 '11.m·} f'«</..t.~ i°lflt.i\t '1C9"~9''f'} IJ.i\• ,eml)~A:: Federal Negarit Ciazeta. . . NC1. 57 2nd August, 2004 ........ Pag 2796 7. Organization of the Authority The Authority shall have: 1/ a Privatization Board(hereinafter referred ,. as the "Board") 2/ a Director General to be appointed by the Government; 3/ Deputy Director Generals to be appointed by the Minister as may be necessary; and ; 4/ the necessary staff. 8. Members of the Board Members of the Board including the Chairperson shall be designated by the Government, and their number shall be determined as may be necessary. 9. Powers and Duties of the Board I I Without prejudice to the provisions of Sub Article (2) of this Article the Board shall have the powers and duties to: a) oversee and supervise the implement ation of the Privatization Programme; b) ensure the orderly execution, the legality. transparency and efficiency of the privatization process; c) issue directives necessary for the proper implementation of the Privatization Programme; d) decide or submit recommendations to the Ministry, as may be appropriate, on policy issues relating to the implementation of the Privatization Programme; e) examine complaints submitted to it in relation to the execution of thL Privatization Programme and give administrative decisions thereon; 1) take al I other measures necessary to expedite the privatization process. t I r OD'}.., F-' :r r A DI/ :r .i7 c :~ •Y· :.t. ') m .e. .., A {l(\ O'Jtj(f)(.' (l(IJfllOJ• h 'P -~ •I: 'l'C lil~i!Ii!l1li >t')4•7' j '}CH) >t'}cf,7' /~/ 'h'i l!:/ 1 >t14'7' % '}().{) >t')•f>Yt If:.! h'i' h h 'P J~: m-61!' {l i\ ·f· Ol (I .i7 '}·flt. ·Y· ":t· (l m "1 cir • • .. .... --- -1'.- .. h'P ~ <h'f'C ~f.ll H!f.1fi f;'} .:J'l,9J ·}· ,. ~ :r r-~ .r T t-.e n. :r ,e.11, 7i 1 .>t. :e:. '} f'l. r F-11,. hODl,.C (lC.(.7 ·f-f'l'f'+m- fHl~• P'A"11'i +°lfl~:f Cltt.U h'P:~ ft(lC~ ·f·(l1••,-cpA:: !. r p50>- >l~tl+C F-'A"l1'i +°lflC ~/ ftt.tJ >t'P~ h14'7' fl .i7'}.'.J1.9J':f. 1'1..(+mllcfl lf'i: <p<,cn· >tt.h·f·C f fl ll F-1 A "l 'i- 'P 'i /--'-' 1,. h {l t. ~ 0 'l. Cl <m lf '} °'l. 'i. {l-1; ~ Cl °'l. (Imm- h m :J> ti ,e on on I, f oowt..T ffll\.F-'A"l'i-1 F-'t-9':f ,eon/.,.A: f {l+~.i7 t-A:: I! Ott.U h14'7' '}().{) h'}•f>Yt !'/».! f'·f•U"t\h·f·(I}• hm:J>ti,e h'l.'.J1C 'h'}..(·hnOcr lf':' <p<;m· >l~h+c= tJ. OflC~ {l,O(lfl9':f Oh'lA'l·l-- J'~ti·l·'i-A= ll. Ott.U h'P~ h14'?i j f'·f•UVi\h•f;•}'} f' fl i\F-1 A "l 'i-1 F-1 A "11 'r' ·I· °1'11,. ·} ClF-'t- ti,e fm-tiA; rh. O&..Yut•A (I.ii.A l'lCc({l ,)1°/ ,mu•/.•} P Cl t\ F-1 A "l '1· 1 v• 1,. · f• 7;·, :f J', 4" I' /,-A : ] ,P{l·f·~.i71,-A: on. f'li\J'»Afll'i-1 f p-11,. T~ 0 ,t.9w; 0~ T hH.'.J~r ll°'l.'i.{lrt~ J'cf>C'lA= f'l. .<. 4> .i79" OF-' t,. ti ,e .f' m-ti A : 01 i\'li\FA"l'i- o+t.crf.t\•l-- o~:rc,· r F6· Te°lt-9" un,J.J1.:r 11tt11 (1) 6 J.1· .r ..(C ;JA; t.. . h Y' {l +;;: OJ 'l'i T .'.JC (l 0 '1. f.t . . ,. °1", 1-'1.Y· :f lJ•f\. fli\FA"l'l-'} ,eCDhi\A: l'l . f' qi\/--'-' A "l 'i- '} r F-' /,. ht.~~ 9'' "i' rl ti ·fl t.:rc •l· ~11:J ~:.y. i\ a'I. '1. {l•t; ,;. J'cf>C'lA:: Et <p<;m· >'1..t!-.tH·C t\'lt\P'A"1',. ,, 1"/.· ~A'f'<t:"i fl{lt.i\1 onm'} 1»A"J'}',· +°lfl~.'} Oh.LA i\'li\/--'-'A"l'l· ;~i\&..91 ·:;.,; l\,fl., T wt-+"lf>l- om-hA ', fl. •• f'{l•f·i\A c,: f.°ftiA:: Federal Ncgarit Gazeta . . No 57 7. nd August, 2004 ....... Pag 2797 2/ The powers and duties given to the Mana gement Board of Ethiopian Privatization Agency under Sub-Article (2) and (3) of Article 6 and Sub-Article (2) of Article 7 of Proclamation No. 146/1998 and the provisions of Proclamation No. 1 10/1995 are hereby given to the Board. 10. Powers and Duties of the Director General l / The Director General shall be the chief executive officer of the Authority and shall, without prejudice to the provisions of Article 9 of this Proclamation and subject to the general directives of the Ministry, direct and administer the activities of the Authority. 2/ Without limiting the generality stated in Sub Article ( 1) of this Article, the Director General shall: a) participate in the meetings of the Board as a member; b) exercise the powers and duties of the Authority specified under Article 6 of this Proclamation; c) employ and administer employees of the Authority in accordance with the federal civil service laws: d) prepare and submit the Ministry the work programme and budget of the Authority; and implement same upon approval; e) effect expenditure in accordance with the approved budget and work programme of the Authority: f) represent the Authority 111 all its dealings with third parties; g) prepare and submit to the Ministry the operational and financial reports of the Authority. 3/ The Director General may delegate-pc.. .. , . -his 1)l1wers and duties to the officials and other employees of the Authority to the extent necessary for the efficient performance of ti 1' activities of the Authority. 1l1" tiU'.ii it 'lfl.P'An1.,. r-t-~t\-r, ..-,..titin;;: rtr'1- rY.1111 UDJ1 '?·fl..-,.. .e .et1 A : : fl fflt\P'Anl',. f'l.ti1l DD11°11l:,-.r, •ntt·fl ',ti (l',p. "f (lf'¼DD-F (l<pr,a,. J.-'t •l·C m ,(',9" ~c n• <l"?.fl.eOlJm- J.-'t •N: .e{7lJ 1.rm ✓,.ft.:: t!I llJ\'P~ 4:FJ>C ~!C'Z./!!!f:!2 "114'?\ If! t-*¢qu f',0/.ID- f h.'}~fl."f-b A 0 '1:,-. t,.. '}f; OH.U >,'P:~ 'h1Y-.-t-**UD .e.Y.mt-A:: t I r 1,... 'H7 r 11 H 11 ?"1"J.b hon·>.., P' ..-,.. fA 0 '1..-,.. .(7C~.Y."f r-t-n11,. :,-.c~ '1.e Ol1'}'? p:,-. ll"?.m{'l',m- Ol1-f'-~ uvwt. :,-. f"?.4'',(l 'lt't1l J>,tf'iA:: Q/ tJ. OH.U h'P~ I\"? ** OU• Teln.Y.-:;. f\O'l**"'I.Y "114'?\ r;1E1 uvu,1.·r r A 0 '1 :,-. .(7 C .~: ·Y· l· 'f' r, :,. 0•1 (l I,.. 'It "'l. J' 'i UV', 71· 111: .-r A ; I\. o>-i1t~ <'h.t1c:"1. A 0 1·r 1:A~ "ts I\. lili1,(JJ'F f "?. 'f I\· ',[IC f DD 1'? P' 1"' r A 0 '/1"' .(7C .~-f• 'f 1 I\ a'l,fti.'A c,· l\ ll'/fl/4-.4-1"' f"'l.Yfr/,...A 1a>-'} r~i·c ;J·A (I) 6J,b I\ UV 7j /,... '} ; rh. tl Vfl,. f'Y-./.(Ul1"' f011'} 0 }p..,,)· r Aa.,:,. .(7c,~:,. tJuv~t.ll "'}P,..(7'} il'/.(7/."1 }\fl/,...'11. lf'f fl. 1~ <ltt·~t f?Y-.1\ID-'} '1T.:rA (\UV-f'tJ.J":: llH.U 1'14'?\ '}~fr ]\'}</>fl ~/ uv,.,., 1.:,. h 1,... 1 ~ ".e r "'l. Y--t..., 0 '11~ (D-9" ti~ J" Cl "'l 'i. fl-t ~ UV I,.. 4' .(7 '11\01"':: Federal Negarit Gazeta ...... No. 57" 2nd August, 2004 ......... Pag 2798 11. Budget The budget of the Authority shall be allocated by the Government. 12. Books of Accounts I/ The Authority shall keep complete and accurate books of accounts. 2/ The books of accounts and financial documents of the Authority shall be audited annually by the Auditor General or by an auditor designated by him. 13. The Industrial Development Fund 1 I The Industrial Development Fund established under Article l 1 of Proclamation ""- 1:, 277/2002 shall be deemed established under this Proclamation. 2/ Financial sources of the Fund shall be deductions, in percentages to be fixed by the Government, from the net profits of public enterprises. 3/ The fund shall be utilized for the following purposes: a) to finance project studies and initial capital required for the establishment of enterprises pursuant to Article 5(3) of this Proclamation. b) to finance the capital expenditure required for upgrading and expansion of existing public enterprises that may play key roles in the economic devel opr" , of the Country; c) to replenish the capital of public .. enterprise which has sustained loss where it is deemed necessary to salvage it from dissolution. 4/ Any disbursement from the Fund in accordance with Sub-Article (3) of this Article shall require the authorization of the Ministry. 'lft.1..u A "1 11• f &. '}P,.. '} '/JI ·fl (l"'l. 00fth•l· f,f·~ft·'i ·l·hhft<? fll",. f'f.i'Hl an11°Ml·r Cl·f'ft.e, ,e,et1A:: \ rt.'} Pt- 'l ti 11 Cl 'P'.' (I}- >. >t.,. c (J) .e ?" hCO· Cl 0 'l.o,e<mm• >.Pr. ·l·C (lfl}<m•f: ,e<mt.<mt,.A:: ! !! . r 001°1 P':,. r A "7.-,. f: C ~ .Y. r 1 fl l\ 0 '1. 4' ''1 m "r lb I\-r h ti I\:,. P' A "l">'i --f' °l'l C Ott.u ll'P~ '11<f>1' I r--t·ttt.11t.(I}- .1»A"nr, .,...,Ile (l1l'}cf>7' flit h,t•ODfth--t-ar :,.c:1°1. {l}-tif!' r--t-r.t.1• rUD,..,p>:,- rA"'/•r f:C ~-f· :f. '} ft 0 l~"l,n<;. 11ti1.,l•9" 7, '} r. ll'?'Hl'rJ; ·I·&.~ "'I. .(',tf<; A:: 11. rnv·>..,F:,. rA 0 '/:,. r.-c:~:.y.·.r•·> (OJ.'. 0 /A flft 0 '1tllDC f(J)"l(I}- h'P:e : c#:'rC /;fij~/Ififj/; h'1'}<f>1' I~ hflh ;--~: ft. rnv,..,P':,. r A"'1•r ·1'4'"1"11, 'lftP' A "11',' A 0 '/7' &.'}J7 °'/'J:'J:"'l .• f r rc»~1n1r:rn:: Y.· C :~: ·f· :r r 11:> Pt- fl ·l· t '1 q, :~ •I: 'l'C lJ. fH.IJ '114'1' '}().() )..'}q,ft /;/tJ/ h '} Y. ·hnCl cf> tr':' f <m'}°I .1» ·l· ~ A 0 '/ •l· f:C.~-f r'} £DJ.'. "IA ()ft 0 '/tl(J)C f(l)<ll(J)• h'P:e : 4:'J'C ?ir'.~t'.l;/XUr'.Ui h '} r. ,t- iftil\/ 'h c,· h 11 'P :~: m· of!• flft•tm(IP,. 'Hlt.·f·:f. fm"1m· 1''1'}~.: 4:'l'C /! f !/ H!f 1!.''!: lh 1 J.'. ·t•7i'i'ift/ f:'},n.~"f; tf':'9" Cl'lH.tJ· i'l'P~·,t. (lf F~t,.m· «1'.:('}f'I.» ·f'•fl/\0 f·t·'lft1'(1} «'1ft.1»A"l'h> ·l··0/\0 ,e',CllJA: ft. hll.U '1'P :e, J7'} ,'.J'l,91 ·,t- ;)(: 'hilti A·t·:J>t.',. J.'.•t.{I {~<m'}"J.I»•} fA 0 '/•r ,: c :": •Y. "f i'l 'P :~: ,1: "'c ?; ?; II i! X ·,i' 2 f:'},'J'L~"f:: Federal Ncgant (iazcta No. 57 2"d August. 2004... Pag 2799 5/ Tl,e Authority shall separately keep complete and accurate books of accounts of the Fund. 6/ The accounts of the Fund shall be ~uo1ted annually by the Auditor General or by an auditor designated by him. 14. Powers and Duties of other Organs Supervising Public Enterprises The Powers and duties enumerated under Article 6 of this Proclamation shall, mutatis mutandis, be applicable to other organs supervising public enterprises excluded from the definition provided for under Article 2(2) hereunder. 15. Repeal and Applicable Laws l/ The following laws are hereby repealed: a) Articles 16 to 26 of th1: Privatization of Public Enterprises Proclamation No. 146/1998; b) the Public Enterprises Supervising Authority and the Industrial Develop ment Fund Establishment Proclamat ion No. 277 /2002. 2/ The following laws shall be applicable: a) without prejudice to Sub-Article l(a) of this Article, the Privatization of Public Enterprises Proclamation No.146/1998 and the Review of Properties Taken in Violation of the Relevant Proclam ations Proclamation No. 110 /1995 (as amended); provided, however, that any reference to the "Agency" in these Proclamations shall read as the "Authority": b) the provisions of the Public Ente..,,..; -~s Proclamation No. 25/ 1992 in so far ;s they are not inconsistent with the provisions of this Proclamation. OJrt'P:~ <ll'PC lif~i1Ii!.r.1li-t·*<ll'P' r·,non· r "'. -r r-R- .f' T 1,. ,e ii.+ .e 11, ·Ii') h» l, o. "h. ,,. (l>'t'P~ <ll'J'C trc-i1Ii!f12" -t-*<#l'P' f''t(lt.m· f'OD')°l.l"-r rA. 0 '1-r J?:c~.Y."f 1·.Y."1"11, '11\.l"A"lt uu,n:,.r, °1~:r91":f OtlU i'l'P.~: t\Clt\.l"A"l't· ·t-'IA&.'PA:: 11"'. -rr-R-.f' Tt-.e ii :J· .eu:li·) h.~: ·M. •I· &.:1, ,11. r'tnt.m· r y oum11 {)h.A on.ii.A ncif{) D'J7j7j .f' T~°I 1,.00• uvu., t. 'T (lilP,, {) f' uv '}°I.I" -r w 1,.--,. "If "f f' J'. uum 11 Mt A "h.{)h"?. ·f-21 J?:t.{) t\'11\.l"A "1~ u.•t,.-t-t'f>":f· t-&. ~ "?. ,e J'. t. ;J A : : ,eu >'t'P ~ O~~t,.A. 't ;Jt•r .~H,"l :J·-r'P' hlD"l(l-r <f>'} ls,ur.• f'O'i .etr'.'A:: °IC°'I lDA.Y..1. r-c'l.{) r "'. -rr-R-J' ~~t,.'l'f >t qot,1,-n • .f''I~ tT-01\.h Tt.11 >;,:,• Federal Negarit Gazeta ..... No. 57 2nd August. 2004 ....... Pag 2800 16. Transfer of Rights and Obligations The rights and obligations of the Ethiopian Privatization Agency established under Proclamation No. 146/1998 and the Public Enterprises Supervising Authority Established under Proclamation No. 277/2002 are herby transferred to the Authority. 17. Transitory Provisions The salary scale approved for the Ethiopian Privatization Agency shall be applicable to the employees of the Authority until the introducti, of new civil servants' salary scale pursuant to the civil service reform programme. 18. Effective Date This Proclamation shall enter into force on the date of its publication on the Federal Negarit Gazeta. Done at Addis Ababa, this 2nd day of August, 2004 GIRMA WOLDEGIORGIS PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA