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Agency re-awards 3.04 bln birr Wheat contract

The Public Procurement & Property Administration Agency’s (PPPAA) Board has decided to award a USD 108 million (3.04 billion birr) worth of contract for the supply of 400,000 metric tons of wheat to WifagMabrouk General Trading and its local partner, Aplas Importer Plc, reversing the decision ofthe Public Procurement and Property Disposal Service (PPPDS) to disqualify the partnership on basis of failure on the technical evaluation stages, The Reporter has learnt.

Mitsubishi Aircraft zooms in on Ethiopia

Mitsubishi Aircraft Corporation, a subsidiary of the Mitsubishi Group, is said to have a business interest to partner with Ethiopian,with the latterto host the corporation’s regional hub for the entire Africa, The Reporter has learnt.

Procurement Office cancels hospital construction tenders

Frustrated by the lack of response from the Addis Ababa City Health Bureau regarding the fate of two general hospitals with their supposed construction due to be begin this year,the Federal Public Procurement Office has decided to cancel the international tenders to build the hospitals, The Reporter has learnt.

KFC, Elias Ketema part ways

The deal to bring one of the world’s most successful food franchises to Ethiopia – Kentucky Fried Chicken – by the founder of the posh Italian restaurant Gusto and co-owner of Kaldi’s Cafe, Captain Elias Ketema, has faltered, The Reporter has learnt.

Private equity ups it investment in local delivery, e-commerce operator

RENEW, one of the emerging members of the Impact Angel Network, a private equity investor known to invest in social impact and in small and medium enterprise with potential financial returns in Ethiopia,has made a significant investment in Roadrunner Technology Solutions LLC (Roadrunner), a partner of Universal Courier Services PLC (aka Deliver Addis) involved in the logistics and e-commerce industries within Ethiopia.

Three mlnhomesto feel utility tariff upswing

Coming into force since December 2018, the new electricity tariff, which was revised after 12 years, introduced an aggregate of 345 percent tariff rise on some three million household customers for the coming four years.

Oldest Football club dips into share market

The oldest and popular football clubs in Ethiopia, Saint George Football Club, which is in the process to establish a share company, anticipates to raise 244 million Birr form the sale of shares to its fans, The Reporter has learnt.