Thursday, February 9, 2023

Tag: loan

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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A home away from home

As Rastafari around the world join Ethiopia in commemorating the 1896 victory at the Battle of Adwa, the repatriated community in Shashemene received news that the government is now ready to begin the process of granting permanent residence to those with valid passports

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