The National Bank of Ethiopia concluded contract with Afcor PLC. local vendor for the supply of IBM equipments and database solutions for worthing USD one million. Six months ago, NBE has contracted the Indian company Polaris to replace its old CORE Banking system for USD 3.4 million.

Twelve companies bought bid documents, and three has submitted offers for the international tender floated in December 2012. Other than Afcor; United System Integrators (USI), which supplies Hewlett Packard (HP) hardware, and Boston Consulting, supplier of Oracle, also participated.

Afcor will also provide Oracle software for data storage and related services including interfacing with the bank’s newly acquired CORE banking system.

The information technology infrastructure of the National Bank of Ethiopia handles operations specific to the Bank, including payment and settlement of government accounts, money issuance and management of the country’s foreign currency reserves.

Source: Fortune