Ethiopia to Procure 200,000tn Wheat through UN

Oct 2 , 2021


The Ethiopian government is to procure around 200,000tn of milling wheat through the United Nations Office for Project Services (UNOPS). The tender, divided into four lots of 50,000tn each, is set to close on October 8, 2021, and the wheat is expected to be delivered within 90 days of contract signing. The tender is the latest attempt by the government to acquire the grain after similar efforts ended unsuccessfully this year. A bid for 400,000tn of wheat floated by UNOPS in June this year was scrapped due to what insiders say was a "shift in priorities." That same month, another bid for a similar amount was cancelled as the only bidder failed to meet technical requirements.


Radar

Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


Radar

Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...