Gov't to Float Bid for Telecom Privatisation

Sep 4 , 2021

Officials at the Ministry of Finance announced the full request for a proposal for the privatisation of Ethio telecom is to be floated in mid-September. The Ministry, in collaboration with the Public Enterprise Holding & Administration Agency, had called for companies to submit an expression of interest two months ago. According to Eyob Tekalign (PhD), a state minister for Finance, Deloitte, the consultant hired by Ethio telecom to conduct its business valuation, has concluded its preparation and the government is addressing issues that have been raised by interested parties. Once the government finalises the process, the bid will be floated, he added, though he was unwilling to disclose how many applicants have shown interest.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...