Giesecke and Devrient Currency Technology FZE Ethiopia Branch
Human-Centric Digital Transformation
Information
Company Description
Giesecke and Devrient Currency Technology FZE Ethiopia Branch (G+D) is the Ethiopian presence of Giesecke+Devrient, a global leader in security technologies founded in 1852. G+D delivers trusted solutions in digital security, financial platforms, and currency technology, supporting central banks and financial institutions in building secure, efficient, and future-ready financial infrastructures.
Team
The Ethiopia operations are led by the Country Director, supported by G+D’s global network of engineers, security specialists, and project managers. The team combines international technical expertise with local implementation partners, ensuring high standards in design, installation, training, and long-term operational support.
Countries of Operation
Germany; United Arab Emirates; Ethiopia; South Africa; Egypt; Nigeria; Saudi Arabia
Ownership of Company
European Company
Number of years since incorporated
3 years (Ethiopia branch)
Stage
Growth stage
Annual Revenue (in EUR)
Above EUR 100,000,000 (group level)
Number of employees
More than 500 (group level)
Project Pitch
Giesecke and Devrient Currency Technology FZE Ethiopia Branch (G+D) is implementing a comprehensive Cash Center Technology modernization project for the National Bank of Ethiopia (NBE). The project covers the design, supply, installation, and commissioning of advanced cash handling, processing, and security systems across four regional NBE branch offices.
The project follows a design-and-build approach aligned with FIDIC Yellow Book 2017 standards, ensuring robust performance guarantees, risk management, and compliance with international norms. G+D integrates cutting-edge automation and security technologies with local capacity building, including training and long-term service support.
Through this initiative, G+D supports Ethiopia’s financial system resilience by enhancing operational efficiency, security, and scalability in national cash management infrastructure.
Total Project Cost (in EUR)
EUR 65,683,201
Financing needs (in EUR)
Not applicable (institutional project)
Type of financing needed
Not specified
Planned allocation of fundraising capital
Expansion (expanding an existing activity)