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Seifu on EBS : Entertaing Game With Artists Mastewal And Abel

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Seifu on EBS : Entertaing Game With Artists Mastewal And Abel Mulugeta part 1

 

The Public Procurement and Property Disposal Service (PPPDS) awarded GM Corp, a London based company to supply 400,000 metric tons of wheat at the price of 97.73 million (2.73 billion birr), The Reporter has learnt.

By the time of the opening of the bid, GM Corp which has never been involved in supplying wheat to the Ethiopian market has managed to give the least offer for all lots. The bid for the supply of 400,000 metric tons was divided into four 100,000 metric ton lots. In this regard, GM gave the lowest prices of USD 249.34, USD 248.34, USD 246.34 and USD 244.34 per ton for each lot.

“We have already sent them an award notification letter,” Ettesa Deme, acting general director of PPPDS told The Reporter.

The price offer was much less than the prices in comparison to offers made by a second new entrant to the Ethiopian marketWifag back in January, 2019. Back thenWifag gave the lowest prices of USD 270, USD 274, USD 278 and USD 284 per ton for each lot for a bid to supply a total of 400,000 metric tons of wheat.

During the bid which 10 companies were involved, a company by the name of ADM International was the second least bidder following GMCorp with USD 299 per ton for one lot.

Similarly, Promising International Trading Co. Dmcc, a company quite familiar to the Ethiopian wheat market, has also submitted an offer. It is to be recalled that a couple of months ago, Promising was barred by the Public Procurement and Property Administration Agency (PPPAA) not to participate in any bid process for the coming one year.

The decision involved a 1.39 billion birr contract to supply 200,000 metric tons of wheat. In connection to this bid, the Service submitted a complaint to the Agency which landed Promising in a blacklist of companies barred from participating in any bid in the country for a time period of one year.

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