Giesecke and Devrient Currency Technology FZE Ethiopia Branch
Human-Centric Digital Transformation
Information
Company Description
Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich, Germany. G+D makes the lives of billions of people more secure. The company shapes trust in the digital age, with built-in security technology in three segments: Digital Security, Financial Platforms and Currency Technology.
G+D was founded in 1852 and today has a workforce of more than 14,000 employees. In the fiscal year 2024, the company generated a turnover of 3.1 billion euros. G+D is represented by 118 subsidiaries and joint ventures in 41 countries.
Team
The Ethiopia operations are led by the Country Director and 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
Ethiopia / Globally.
Ownership of Company
European Company
Number of years since incorporated
172 years
Stage
Growth stage
Annual Revenue (in EUR)
Above EUR 100,000,000 (group level)
Number of employees
5000+
Project Pitch
Giesecke+Devrient (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.
Delivered under a design-and-build model aligned with FIDIC Yellow Book 2017 standards, the project integrates modern automation, secure cash processing technologies, and operational infrastructure that supports efficient and reliable currency management. In addition to technology deployment, the project includes training and long-term service support to strengthen local operational capabilities.
Through this initiative, G+D contributes to the modernization of Ethiopia’s national cash management infrastructure, supporting greater operational efficiency, security, and resilience of the country’s financial system.
Total Project Cost (in EUR)
EUR 400,000,000
Financing needs (in EUR)
Not applicable (institutional project)
Type of financing needed
Grant
Planned allocation of fundraising capital
Expansion (expanding an existing activity)