2merkato

A Moroccan Company, S2M, has won the bid to form a joint electronic payment system for three Ethiopian banks. Awash International Bank, NIB International Bank and United Bank formed Premier Switch Solutions SC which will use S2M to integrate their ATM services.

Fourteen international firms took part in the bid according to Berhanu Getaneh President of United Bank.
S2M is expected to form a system that will enable ATM holders at the three banks to withdraw money at all ATM machines operated by members of the Premier Switch.

An official joint venture (JV) company has been established today between Morocco's Uni Confort Maroc Dolidol SA, a company engaged in the production of mattresses and related products, and Ethiopia's Technostyle, a producer of furniture and related products.

Ethiopian Ministry of Trade (MoT) is reviewing a draft regulation to implement the Mandatory Standards Proclamation of 2003.

The Ministry held a discussion on May 23 to 24, 2013, at Kaleb Hotel,  with stakeholders from the Ethiopian Standard Agency (ESA), Ethiopian Conformity Assessment Enterprise, Ethiopian Accreditation Office and the National Meteorology Institute.

The Ethiopian Ministry of Industry signed with 13 local contractors for construction projects at Bole Lemi Industrial Park. The agreements signed are part of the 1.2 billion birr civil works project at the park.

The projects which include the construction of five industrial sheds, four office blocks are intended to be completed within three months from the day the agreement was signed.

The contractors were selected by the MoI on the basis of their performance on other government projects and not through the usual bidding process because of the need to finalize the project within a short period of time said Tadesse Haile, Minister of State for Industry.

The Ethiopian Ministry of Trade is to entrust its trade name registrations and licensing services to sub cities in Addis Ababa and regional states.

Previously businesses are required to approach the headquarters of the Ministry of Trade to get their trade names registered and obtain business license.