Addis Ababa: EICB Property Auction – Bid by June 3

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🏗Prime Property Auction by Ethiopian Insurance Corporation Bank

The Ethiopian Insurance Corporation Bank (EICB) has announced a public auction for several prime properties located in Addis Ababa. This is a unique opportunity for investors and businesses to acquire valuable real estate assets in the heart of Ethiopia's capital.

📋Tender Summary

  • Tender Title: Public Auction of EICB Properties in Addis Ababa
  • Tender Issuer: Ethiopian Insurance Corporation Bank (EICB)
  • Location: Addis Ababa, Ethiopia
  • Type: Public Auction
  • Published On: May 6, 2025
  • Closing Date: June 3, 2025
  • Opening Date: June 3, 2025, at 10:00 AM
  • Properties Available: Residential and commercial buildings, warehouses, and undeveloped plots
  • Bid Security: 10% of the bid amount (refundable for unsuccessful bidders)
  • Document Fee: ETB 500 (non-refundable)

📋Eligibility:

  • Individuals or companies with valid identification or business licenses
  • Proof of financial capability to complete the purchase
  • Document Collection: EICB Head Office, Property Management Department, 3rd Floor, Room 305
  • Bid Submission Address: Same as above, sealed and clearly marked

📋How to Participate

Interested bidders can collect the auction documents upon payment of the non-refundable fee. Bids must be submitted in sealed envelopes to the specified address before the closing date. Late submissions will not be considered.

📋Key Notes for Bidders

  • Bidders are encouraged to inspect the properties before submitting bids.
  • The highest bidder will be required to pay the full amount within 15 working days after the auction.
  • EICB reserves the right to reject any or all bids without providing reasons.

Take Action Now

Don't miss this chance to invest in prime real estate in Addis Ababa. Ensure you complete all necessary documentation and submit your bid by June 3, 2025. For more public procurement opportunities, visit our Real Estate Tenders in Ethiopia page.

🔗Useful Links



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