Swiss Vendor and CBE's - Ethiopia

The long overdue IT procurement by the largest and oldest bank in the country, the Commercial Bank of Ethiopia (CBE), was signed and sealed two weeks ago by an international technology vendor based in Switzerland, Temenos Group AG.
The CBE is the latest in the march for the use of the latest banking software, procured at a cost of nearly 70 million Br.Temenos had to beat other major contenders to bag the CBE's multimillion dollar contract.