2merkato

Textile export plan in GTP I failed by more than half, according to Ethiopian Textile Industry Development Institute (ETIDI).

The Public Procurement & Property Administration Agency (PPPAA) is to push the threshold levels it uses to distinguish between local and international competitive bids in its preparation to amend Proclamation No. 649/2009.

The Confederation of Ethiopian Trade Unions (CETU) announced it is going to launch study on the wage matrix of private workers and press the government to legislate a minimum wage for private company employees.

Samsung Electronics East Africa Ltd. officially launched new customer care service center in Addis Ababa, Ethiopia on July 23, 2015, Addis Fortune reported.

Ethiopian Electric Power and the Corbetti Geothermal Company have concluded power purchase agreement on July 27, 2015, for the first 500 Megawatts, Ethiopian News Agency reported.

The Ethiopian Customs and Revenue Authority (ERCA) is to begin an e-payment system in the first weeks of September 2015, according to Addis Fortune.

The Addis Ababa City Administration Construction and Housing Development Bureau (ACHDB) has temporarily suspended issuing license for new contractors and consultants, according to Capital.

Ethiopia aims to boost its export revenue to 12 billion USD in GTP II period, Ethiopian News Agency reported.

Tech Mahindra Ltd., a specialist in digital transformation, consulting and business re-engineering signed an agreement with the Commercial Bank of Ethiopia (CBE) to implement and support Enterprise Resource Planning, Business Intelligence and Enterprise Performance Management (Hyperion) systems.

The Cooperative Bank of Oromia (CBO) secured 602 million Birr gross profit in the 2014/15 budget year, according to Capital.