ECX and Apposite LLC - Ethiopia

The Ethiopian Commodity Exchange (ECX) has awarded the project for the development of software to introduce the Short Message System (SMS) and an Interactive Voice Response (IVR) to Apposite LLC, a local branch of a US based IT company, EXC officials disclosed. The project is financed by the World Bank which has dedicated about seven million dollars to set up the ECX while supporting and modernizing its operations according to Achim Fock, senior economist at WB Ethiopia Office and task manager of the Bank's Rural Capacity Building Project.

Seacom and E-Marine - East Africa

E-Marine has announced a maintenance and storage agreement with SEACOM, a service provider of international fiber optic bandwidth along the East Coast of Africa linking East Africa, Europe and South Asia. E-Marine will now take responsibility for maintaining a 9,800km stretch of the cable between Dar es Salaam in Tanzania to Ras Sidr, Egypt and Mumbai, India. It will also provide secure storage for supplies and accessories in its newly opened depot in Port Of Salalah, Oman.

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