Ethiopia's Awash International Bank (AIB) has purchased 100 Automatic Teller Machines (ATMs) and 400 Point of Sale (POS) terminals, Capital reported.
The Lebanese company, Computer Business Machine (CBM), will supply the ATMs and the POS terminals will be supplied by S2M, a Moroccan company.
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Hibir Sugar S.C, signed a memorandum of understanding (MoU) with the Ethiopian Metal & Engineering Corporation (MetEC) on Tuesday, October 1, 2013 for construction of its factory Fortune reported.
The MoU, signed at the MeTEC’s Hotel in Nifas Silk Lafto sub-city, is expected lead to a final contract in six months to build the factory.
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The Ethiopian Ministry of Agriculture is planning to revise the existing loan scheme for agricultural inputs, Fortune reported.
The Ministry developed the proposed arrangement in partnership with the Agricultural Transformation Agency.
Add a comment Add a commentThe Ethiopian Roads Authority awarded Enyi Construction to construct the 37 KM road linking the factories of Omo Kuraz Sugar Project, on September 17,2013, Fortune reported.
The design and construction contract of the 65.1 million Ethiopian Birr project was signed on Wednesday, October 2, 2013 at the Authority's headquarters.
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The National Bank of Ethiopia has issued a new directive raising the minimum paid up-capital of micro-finance institutions, Fortune reported.
The directive requires micro-finance institutions to raise their minimum paid-up capital of 2 million Ethiopian birr, effective October 1, 2013.
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