International Competitive Bid /ICB/

Hibret Bank would like to invite interested Local and International Bidders to bid for Supply and Related Services of the following ATMS:

1. The bid document shall be obtained from Hibret Bank Procurement Division, which is located at Lideta Sub- City in front of Addis Ababa university school of Commerce, Hiber Tower 19th floor upon payment (depositing) of non-refundable fee of birr 500.00 (five hundred) or its equivalent US dollar in Account Number IN0403007 in any branch of Hibret Bank during office hours nearest and convenient to you commencing from July 26 2022.

2.

S/N 1

2

Description TTW (Through the Wall) Lobby

Quantity 30

40

Interested bidders are advised to review the bid document carefully before preparing & submitting their bids.

3. Bids must be submitted on or before August 24, 2022 until 2:00 P.M. 4. Each bid must be presented in a sealed envelope and strictly in accordance with the instruction to bidders indicated in the bid document.

5. The bid will be opened at Hibret Bank Head Office located at Hiber Tower 4th floor at presence of bidders or their representatives who choose to attend in the bid opening on August 24 , 2022 2:30 P.M.

6.

Failure to observe the instructions & conditions provided in the bid document will constitute grounds for rejection of the bidder from competition.

7. The Bank reserves the right to accept or reject the bid partly or totally.

8. Bidders have to furnish the guarantee from other bank (Out of Hibret Bank)

9. For additional information bidders can contact by the following address

AFCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent

With the signing of the world’s largest free trade area–african Continental Free Trade Area (AFCFTA)-THE time is right for India to explore a trade with the union, commerce secretary BVR Subrahmanyan said on Wednesday.

“The African Continental FTA came into force in January last year. I know it's early years, a lot of it has to get operationalized, I think the time has come for India and Africa to also start talking about engaging in a comprehensive economic partnership or a free trade agreement,” Subrahmanyan said at the 17th CII-EXIM Bank conclave. “Officials (from India) will be engaging with some of your colleagues (from African nations) on trade matters to do that….we can help each other with raw materials, technologies, manufacturing, ideas and potential investment. We can help each other in education, health, in pharmaceuticals, and we can help each other become part of global value chains. And I think that is something that's very important for both of us. We can do that. There is a great feature for our partnership,” he said. AFCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent, with an aim to enable the free flow of goods and services across the continent and boost the trading position of Africa in the global market. The commerce secretary’s statement comes at a time when the Indian economy is rapidly opening up, and has signed two trade pacts with the United Arab Emirates (UAE) and Australia in February and April, respectively. Negotiations with developed nations such as the United Kingdom, European Union and Canada are underway.

“We are going to sign one (trade agreement) with the UK by Diwali which is in October. We'll finish one with Canada by the end of the year. We'll have one with the EU by the middle of next year. That's almost pretty much a very large part of the developed world,” he said.

India is already thinking of similar free trade agreements with Israel with the GCC Gulf Cooperation Council (GCC) countries–bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE) and possibly even the South African Customs Union, the secretary added. “India would be more than happy to engage with fellow countries in Africa or collectives or even the large African African continental free trade agreement in terms of actually can we have a partnership there,” he said, adding that India’s trade with Africa is booming and was about $90 billion.

(Business Standard)