In its third regular session, the House of People’s Representatives (HPR) has approved financial agreements worth some USD 700 million, the Ethiopian government had signed with various countries and multilateral organizations.
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.
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.
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.
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.
Supporting a project that helps women entrepreneurs in Ethiopia, the government of Italy has become the latest benefactor providing 15 million Euros in a co-financing scheme with the World Bank Group (WBG) targeting some 20,000 women engaged in small, medium and micro enterprises (SMEs).