House mulls over draft loan agreements worth over USD 1 bln
The House of People’s Representatives (HPR) has held its first hand reviews on six draft loan bills, worth a combined amount of over USD 1 billion which the Ethiopian government has signed with various foreign lenders and multilateral organizations.
DBE nets 371 million birr in profit
The Development Bank of Ethiopia (DBE) has bagged a net profit to 371 million birr during the first nine-month of the current fiscal year, showing only a marginal increase over and above the profit levels recorded for the same period last year.
DBE suspends agri loans once again
As controversy surrounding loan provision to commercial farms engulfs the nation’s policy lender, the Development Bank of Ethiopia (DBE), the bank has once again decided to suspend any loans and advances for new customers involved in large scale rain-fed commercial farming activities.
Ethiopia secures USD 101 mln AfDB funding for power systems upgrade
Executive Directors of the African Development Bank Group have approved a loan and a grant amounting to USD 101.5 million for the rehabilitation of power systems in Ethiopia.
World Bank commits USD 4.7 bln to Ethiopia
Says devaluation produced insignificant upswing in prices Aligning its development intervention with that of the Government of Ethiopia, the World Bank Group (WBG) has unveiled a USD 4.7 billion financing for Ethiopia’s economic development programs for the coming four years, on Thursday.
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World Bank funded Tigray recovery project in full swing
Restores education, health services The United Nations Office for Project...
Tigray schools in ruins, 3,846 students, teachers killed in conflict
The conflict in Ethiopia's Tigray region claimed the lives...
As foreign banks circle, Ethiopia’s unions demand representation
Representatives of workers in the finance sector have issued...
MULTINATIONALS SEE ‘HYPERINFLATION’ BUT ETHIOPIA SAYS NO
Ethiopia's status as an inflationary economy continues to be...