Artist Yared Negu speaks for him self.
Couldn't provide information to show that it is capable!
#Ethiopia "Purpose Black has not been able to provide information showing that it has the capacity to make the necessary payments for the building transaction" BGI Ethiopia
BGI Purpose Black said that the sales contract was canceled because Ethiopia could not provide evidence of the ability to carry out the transaction.
Recently, the head office sales contract between Purpose Black Ethiopia and BGI for the past 8 months has been terminated without agreement.
BGI, which claims that the time required to complete the transaction and close the sale agreement was significantly extended, has emphasized that BGI Purpose Black's request for renegotiation was not accepted.
A few days ago, the contract with BGI was terminated without any reason.
Regarding this, BGI Ethiopia legal department director Nega Mehrete said that unlike the proposal reached by the two parties, Purpose Black, on the contrary, brought new and contradictory ideas to the organization, but it could not be committed.
BGI, which did not show its willingness to sign the sales contract, said that it terminated the agreement by stating that the 6 big projects that it is currently running require huge investment and that the process has been improperly extended.
BGI, which stated that it has a flat to sell the headquarters building again, said that this will happen after the contract agreement has been completed.
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