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MPs approve USD 700 mln loan agreements

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.

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.

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.

Italy, WBG to co-finance women entrepreneurs

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).