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The Ministry of Communication and Information Technology signed an agreement with Global Communication Solutions for electronically facilitating unified payment of monthly telephone, electric and water bills. The system would help save time and labour.

Dr. Ahmed, GCS’s CEO, said that his organization was working with the government to address overdue billing problems. He said the agreement would be effective within three years after six months probation period.

The first phase of the system will be applied in 42 service rendering institutions of Addis Ababa while the second phase will be applied in Adama, BahirDar, Hawassa and Makalle.

Delegates from Ethiopian Electric and Power Corporation, Ethio-Telecom, Addis Ababa Water and Sewerage Authority attended the event.

Source: ENA

The International Monetary Fund (IMF) predicted lower economic growth at 6 percent for Ethiopia in the 2011/12 fiscal year. Led by Mr. Paul Mathieu the IMF mission made the prediction at the conclusion of its 12-day discussions for the 2011 Article IV Consultation in Addis Ababa on May 30.

The mission met with Prime Minister Meles Zenawi, Sufian Ahmed, Minister of Finance and Economic Development, Teklewold Atnafu, Governor of the National Bank of Ethiopia (NBE), other senior officials, and representatives of the private sector, the international community, and civil society.

Addis Ababa - CIO magazine of the International Data Group (IDG) declared Wednesday that the Ethiopian Commodity Exchange (ECX) had been named CIO 100 winner for the 24th annual award programme.

The award programme honours obusiness companies throughout the world for demonstrating an oustanding performance in operational and strategic excellence in information technology.

ECX was selected through a three-step process to be recognized a winner of the CIO 100 award. The selection process involves companies applying online listing their efforts in the creative use of information technology and business programs. Then, a group of judges evaluates the companies according to their merits. And finally, based on the judges' recommendations CIO editors select the honourees.