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NCR delivers improved ATMs to CBE

As part of its framework agreement to purchase Automated Teller Machines (ATM) with NCR Corporation, a US-based company, Commercial Bank of Ethiopia (CBE), the state-owned banking giant, has received a delivery of 200 new NCR SelfServ ATMs together with NCR APTRA Vision, a multi-vendor ATM management system, this week.

Chemical Corporation to gain two public enterprises

After a failure to transfer Adamitulu Pesticides Processing Share Company and Awash Melkassa Aluminum Sulphate and Sulphuric Acid Share Company to a private ownership, Ministry of Public Enterprises has recommended to the Office of the Prime Minister to include the two Enterprises under the newly formed Chemical Industry Corporation.

Bidding process to go ahead

The Public Procurement and Property Administration Agency over the week lifted suspension on a multi-million birr tender imposed following a complaint by a bidder.

News in Brief

US extends USD 169 mln assistance for Ethiopia, Kenya The United States on Thursday announced more than USD 169 million in humanitarian assistance to support those in Ethiopia and Kenya who are experiencing the effects of prolonged severe drought.

Troubled waters for Ericsson in Ethiopia

Four years after signing a contract with Ethio Telecom to help manage multi-million dollars projects to expand and help transform the telecom infrastructure within Ethiopia, Ericsson is facing an uncertain future in the country.

Popular tailor on an expansion spree

As part of expansion of its investment portfolio, Ambassador Garment and Trade PLC is restructuring its well-established business, and unveiled a plan the previous week to invest close to 350 million birr that will go to the setting up of a new plant, which will lie at 25,000 sqm of land at Gelan, Oromia Regional State.

Deloitte, HST part ways

Five years after announcing a partnership with a local accounting firm, HST Consulting, Deloitte has made a sudden departure from Ethiopia.