“GreenComm wanted the Ethiopian government to put forward a $100 million letter of credit because they sought to get billions from lenders. “Although the so called GreenComm Technologies project preceded most of us at the ministry, some of us were skeptical about their genuineness from the beginning,” Dr. Koang tells Quartz Africa. Screen grab of GreenComm Technologies A screenshot of GreenComm Technologies’s “Meet the team” website page. Hyundai later clarified that this was false and that it had refused an offer to collaborate jointly with GreenComm Technologies after establishing that the company had no active operations. Sign up to the Quartz Africa Weekly Brief here for news and analysis on African business, tech, and innovation in your inbox

Source: Ethiopian News January 04, 2021 17:03 UTC