Ethiopia: Parliament Ratifies Proclamation to Join African Finance Corporation
The House of Peoples’ Representatives has ratified Proclamation No. 1379/2017, approving the country’s accession to the African Finance Corporation (AFC).
Ethiopia: Penda to Launch “Worke”, a New Waste Paper Collection System
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.
Ethiopia: PEPSA Failed to Privatize Any Enterprise
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.
Ethiopia: Performance Security Bond Cancelled for Four Companies
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.
Ethiopia: Petram Introduces Device which Helps Taxpayers Store Data
Petram PLC introduced Sales Data Collector (SDC), a new device that helps taxpayers store data without paper and sends end-of-day report (Z-report) automatically to the Ethiopian Revenue and Customs Authority.
The device is developed by BMC International, a Japanese company that helped the Ethiopian government launch its fiscal cash register program.
