A USD 121.7 million loan agreement which was concluded between the Ministry of Finance and Economic Cooperation and the International Development Association was ratified by the parliament. The Ethiopian House of People’s Representatives ratified the loan agreement which was signed in June, 2018 during its first assembly for the financing of competitiveness and job creation.
The House of Peoples’ Representatives has ratified Proclamation No. 1379/2017, approving the country’s accession to the African Finance Corporation (AFC).
A new paper collection system which includes bikes with collection carts is to be introduced by Penda Manufacturing PLC. The new collection system called” Worke” will cover 40 locations in Addis.
Public Enterprises Privatization Service Agency (PEPSA) failed to privatize none of the five enterprises it aimed to transfer during the first half of the current Ethiopian fiscal year.
A performance security bond needed for a transaction with Ethio-telecom is cancelled without any reservations for four multinational companies including ZTE, Huawei, and Ericson, by a sourcing committee which is composed of high telecom officials; the Chief Operation Officer, Chief Legal Officer, Chief Sourcing Officer and Chief Facility Officer, Chief Finance Officer, and the CEO. The committee is authorized to pass a decision on a transaction up to Birr 270 million.
