The Government of Ethiopia has lifted a year old controversial privilege given to local rebar manufacturers which directs public procurement agencies to purchase reinforcement bar exclusively from local producers, The Reporter has learnt.
After almostsix months of delay, the Addis Ababa Public Procurement and Property Disposal Agency finally signed a contract agreement worth 172 million birr with a local steel producer, Abyssinia Integrated Steel.
A long overdue procurement of rebar for public housing project is one step ahead as two local companies in the metal industry has accepted the award to supply part of the billion birr rebar contract worth 436 million birr, The Reporter learnt.
The Addisi Ababa City Administration is seeking amicable solutions to the billion birr steel purchase bid intended for the Addis Ababa housing project since it has been in limbo for the past six months.
The Addis Ababa Public Procurement and Property Disposal Agency has finally decided to rebid the billion birr rebar purchase after months of back and forth with the company that was awarded the supply contract pursuant to the outcome of the previous bid process.
Effects of the 15 percent devaluation measure, which was announced last week on Tuesday, are slowly dripping into market. Upon the announcement, economists and commentators opined that implementing the measure at this particular time could have some dire impacts on the normal functions of the market.
Steely yet to accept the award
Steely RMI PLC is finally awarded the supply contract of 50,084 tons of reinforcement bars at a total price of 1.23 billion birr by the Addis Ababa Public Procurement and Property Disposal Service, this week, it was learnt.