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IT firm secures $1.68m contract in Ethiopia

KARACHI: A leading technology company Wavetec Pakistan Ltd has secured $1.68 million contract for setting up a countrywide network of real-time LED information displays for Ethiopia Commodity Exchange (ECX). A senior executive of Wavetec said here on Friday, the contract had been signed by ECX CEO Dr. Eleni Gabre Madhin and Wavetec Director Sales for Africa Ziauddin Siddiqui in Addis Ababa on October 29, to complete the project within six to eight months.
This is a World Bank’s sponsored and funded project with the aim to end exploitation and increase legitimacy of the trading process by making accurate data available at all times and to ensure that updated commodity price information is available and easily accessible. - APP