Development Bank of Ethiopia (DBE) announced selling of Grand Renaissance Dam bonds worth 1.4 billion Ethiopian birr in the concluded Ethiopian Fiscal Year.  

Development Bank of Ethiopia President, Isaias Bahire, told Walta Information Center that preparations are underway to involve farmers and pastoralists across the nation in the purchase of bonds in the current fiscal year.

The ongoing Grand Renaissance Dam bond purchase is developing the culture of saving besides backing the development activities in the country, Isaias said. According to Isaias, the bank has so far disbursed Grand Renaissance Dam bonds worth 10 billion birr.

Source: Walta