City Hires Three Firms For Six Major Projects

Jul 20 , 2019


[ssba-buttons]

Addis Abeba City Administration signed agreements with three international firms for the construction of six projects with a total cost of 10.7 billion Br. Construction of Adwa Centre, renovation of Addis Abeba Municipality Theater Hall, Grand Palace parking lots, a library, Pushkin Square-Gotera interchange road and Bole Medhanialm to British Embassy road are some of the projects covered under these agreements. The firms that signed the agreement include China Jiangsu International Economic & Technical Limited, ALEC Engineering and Geom Luigi Varnero Plc. The Construction of Adwa Centre, which will be built at the centre of Piassa adjacent to Menelik II Square, will be carried out by Jiangsu International Economic & Technical Cooperation Group at the cost of 4.6 billion Br. The construction includes meeting halls, recreational and fitness centres. The 3.8Km Pushkin Square-Gotera interchange road, which has a width of 30m-45m and a 320m tunnel on each side, is another project that will be built for 1.5 billion Br. Varnero, an Italian construction firm, has also signed an agreement to construct a three-storey library in Arat Kilo valued at 1.1 billion Br.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...