The Commercial Bank of Ethiopia is to purchase more than 1,400 units of note counting machines at an estimated cost of 30
million birr.
The order has been placed with the Ethiopian Trade Contacts plc which won the bid to supply the machines for 19,085 birr a machine.
The machines will be supplied by ScanCoin, a Swedish manufacturer of cash processing solutions. The SC-1500 model of machine to be supplied to the Ethiopian bank will possess accuracy enhancing features such as chain fed notes and automatic detection of double bank notes.
The new machines are required by the Commercial Bank to outfit the 129 branches opened by the bank in the last two quarters of the financial year.The contract requires that the machines to be imported in 60 to 90 days.
The technical evaluation, testing physical components, counting speed, modes, jamming tendency, and ultraviolet detection, which tests the ability of the machine to identify Ethiopian birr, constituted 60pc of the evaluation, according to those close to the evaluation process.
It is to be remembered that the Commercial Bank of Ethiopia is to purchase about 420 Automatic Teller Machines and 600,000 electronic payment cards at an estimated cost of 100 million birr.
Suppliers from China, India and the United states were among those that tendered technical offers to deliver the ATM’s required by the CBE.
The proposed purchase of ATM machines will add up to double the number of ATMs currently in operation in the country including those that are operated by the CBE.
Source: Addis Fortune
