Ethiopian Reporter - Amharic Version

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6| Invitation for Bid Global Team for Local Initiatives (GTLI), an international NGO, would like to employ Drilling Companies for drilling of water wells/boreholes/ and construction of related facilities at three sites in Hamar Woreda of South Omo Zone in SNNPR State. Drilling Companies having a valid trade license (renewed for 2010/2011 G.C. or 2003 E.C.) and relevant experiences are invited to bid. Bid documents shall be obtained on written request from GTLI Head Office in Addis Ababa or GTLI Field Office in Wongabayno Kebele of Hamar Woreda from 2 nd of May 2011 to 10 th of May 2011. Our address is: GTLI Head Office Haile G/Selassie Road (behind Aksum Hotel) P.O. Box 1276, Addis Ababa Tel. 016 6629937, 0911012148 OR Wongabayno Field Office Hamar Woreda, Tel. 046 8840781 GTLI’s right is reserved to reject any or all bids. www.ethiopianreporter.com The Reporter | Saturday |April 30, 2011 EXPRESSION OF INTEREST (EOI) REFERENCE: PUB 171/32 – EOI/01/2011 The United Nations Development Programme (UNDP) office in Addis Ababa, Ethiopia, plans to solicit suppliers with long term agreement (LTA) for car rental services of Buses and duty station wagons of latest version (2006 model and above). Qualified and interested companies working in Ethiopia in the field of Car Rental are sought to provide these services to the UNDP office Located in Addis Ababa, ECA compound. UNDP requests expressions of interest from potential company considered as having the legal status as an independent contractor. Deadline for response: 20 May 2011 before 4:00pm local time Description of Minimum Requirement: A potential supplier should fulfill the following minimum requirements and should be included on the EoI as supporting document:- The service provider shall avail the following evidences • a minimum two years of experience in the field • experience in providing service to International and UN agencies • renewed license and VAT registered • Company profile: indicating current corporate customers • List of own vehicles fleet: 2006 models and above It is anticipated that UNDP will shortly be issuing a comprehensive solicitation document to those firm that fulfill the minimum requirements. Please address the Expression of Interest for the attention of: UNDP Ethiopia EoI/01/2011 Procurement Unit ECA Old Building, 6th Floor Africa Hall, Room Number 606 P.O. Box 5580 Fax: 251 11 5 514599 Addis Ababa, Ethiopia
The Reporter | Saturday |April 30, 2011 Reporter BUSINESS THE can nBe do it all? Regulatory Vs. policy priorities By asraT seyoum Though the earliest sign for the emergence of a financial market in Ethiopia was seen in 1906 with the establishment of the first bank, bank of Abyssinia, it was not before 1964, well into the last decade of Emperor Hailessilase’s rule that the sector gained a formal regulatory organ-the National Bank of Ethiopia (NBE). In between that time, the bank carried out the dual function of both commercial and central banking. However, the newly flourishing developments of the financial sector were short lived as the Socialist oriented military regime, restricted private investment in the sector thereby damping its growth for seventeen years, thereafter. History of the bank, nonetheless, shows that the military regime gave additional power to the NBE in economic planning together with the ministry responsible for macroeconomic planning. However, new down in the sector came in 1994 when private investment was allowed and the first private bank Awash International Bank SC was established in the same year. The proclamation that led to the establishment of the NBE in 1994 which was further amended in 2008 bestowed the institution with the power to control monetary management in addition to its responsibility to insure bank-based financial sector’s prudence. The sector aside from few, yet relatively big, state-owned banks, now it oversees some 12 private commercial banks, not to mention other six in the pipe line. On one hand, it formulates monetary policies while on the other issuing directives to govern banks. However, the regulatory mandate of NBE, as laid out in its official website, also extends to insurances, microfinances and the newly evolving security markets. However, professionals in the area agree that the supervisory role that it plays on banks, thus far, is the most important one as the bank-driven financial sector in the country greatly affect the agriculture, industry and others eventually. These professional also point to banks leverage in affecting the amount of money in the system there by inflation as one of main premises behind the above assertion. However, there are criticisms from pundits when it comes to the dual duty—monetary management and financial sector prudence—of the NBE. These criticisms are mainly focus on the nature of conflicting goals of the two responsibilities. According to a macroeconomist, who do not want to be named, the monetary goals set by central banks might sometimes come in conflict with the solvency of banks operating in the sector. That is why; he went on explaining, experience of some of other economies show eventual separation of the two roles into individual institution. Some of the European countries indeed took steps in separating regulation of the financial sector from the central banking. The monetary policy framework of the NBE outlined in website clearly shows some overlapping with banking sector’s wellbeing. The framework document states that the countries’ monetary policy targets, as is the case in most of the monetary policies of other countries, inflation and exchange rate. The ultimate goal of the monetary policy is to stabilize prices (inflation) in the economy apart from maintaining the foreign exchange regime, it said. In fact, some of the policies that the central bank has taken in recent times showed bank’s sensitivity to the issue of inflation in the economy. The credit ceiling released few weeks ago is one case in point where NBE’s priority to stability in prices show, according to the some views reflected at the time. The monetary framework further explains that the ultimate targets are not easy to achieve; at “ However, there are criticisms from pundits when it comes to the dual duty—monetary management and financial sector prudence—of the NBE. least not directly by some of policy instruments available to the bank. However, the document shows that the bank goes around this difficulty by choosing an intermediate target—Money supply. It said that the bank aims to reach ultimate target, inflation and exchange rate stability, through money supply, which is directly influenced by other set of targets—operational target. The operational targets which can be easily affected by the bank’s policy instruments are the link the money supply and the instruments, thereby finishing the transition mechanism to ultimate targets. However, what to look for in here, according to above the above economist, are the policy instruments at the NBE’s disposal. He says the instrument is not something abstract, in fact these instruments are the rather apparent polices in the sector. Reserve requirement set on commercial banks, deposit interest rate floor, credit control (the ceiling on credit is one recent application) and open market sale of bond and bills, the like seen in the newly flourishing security market. “The recent experience in the application of the credit cap on commercial banks is adequate to understand conflict of monetary management with bank’s wellbeing,” he explains. According to the central bank’s justification for the cap, limiting credit helps to check the then galloping inflationary pressure in the economy, while on the other hand, the loan advancing ability of the banks was severely hampered in process. At the same time the ConT`d on page 8 www.ethiopianreporter.com CALL FOR PROPOSAL HIV/AIDS Prevention and Control Office provides support to HIV/ AIDS related activities coordinating and implementing partners at federal levels and to regions, from the funds secured through Rolling Continuation Channel Phase One Accelerated plan of 2011 (RCC Phase one) This is a Call to submit a proposal for those engaged on HIV/AIDS programs at the federal level. The fund is secured through the Global Fund RCC grant. The criteria for the proposal submissions are outlined below. 1. Proposals and plans that can be submitted at federal level: • Federal government institutions who need funding for work place interventions to reach their staff and clients • Federal level coalitions for coordination, capacity building and supportive services. • Federal level Non Governmental Organizations for coordination, capacity building and monitoring and evaluation, support services at the federal levels. • National media agencies-for and overall advocacy, awareness creation and information dissemination. • Private sectors for coordination, capacity building activities, and monitoring and evaluation. 1.1 Proposals and programs that are not acceptable at federal level • Organizations Functioning in regions will not apply at federal level to access RCC grant fund. Project holders working on program level other than coordination should submit their proposals at the respective regional HAPCOs where the implementation is taking place. • Federal level institutions should not request funding for programmatic interventions other than for coordination, capacity building, except for work place interventions of HIV/AIDS programs. 2. Basic Contents of the projects that are expected to be fulfilled: • Institutions should be legally registered, should attach tax clearance, audited financial books, and should present other evidences for credibility • Project proposal shall encompass, background, rationale, Target Groups/Beneficiaries, objective, outcomes, Strategies, activities out puts, time frame, Management & Organization, Budget,, Opportunities and Risks, Monitoring & Evaluations and Sustainability should be articulated clearly. 3. The maximum request for funding should be for one year. 4. All eligible project holders are requested to submit their project proposals and plan of actions within 21 working days of this announcement and project proposals and plan of actions that are submitted after deadline will not be accepted. For Additional Information or Inquiry Telephone No. 0115 525095, 0115 503506 P.O.Box 122323 Fax 0115 503358/95 |7
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