2merkato

Development Bank of Ethiopia disclosed it is going to extend a total of 14.56 Billion Birr as loan to new or expanding agro and manufacturing projects.

The Development Bank of Ethiopia (DBE) announced plans to extend 112 billion Birr loan for priority projects in GTP II period, according to The Reporter.

Development Bank of Ethiopia (DBE) disclosed it is set to launch a new banking service for Small and Micro Enterprises (SMEs) that are growing to medium as well as large enterprise categories.

The Development Bank of Ethiopia (DBE) unveiled readiness to offer loan to Small and Medium Enterprises (MSME), according to Ethiopian News Agency (ENA).

The Development Bank of Ethiopia is making available 20 million US dollars from funds acquired from the World Bank for private businesses focusing on renewable energy and energy efficient goods.

The money to be made available is part of the 200 million US dollar loan the Ministry of Finance and Economic Development received from the World Bank last May. The loan was acquired to finance projects in the energy with electricity transmission and distribution getting the lion’s share of the allotment.

The 20 million US dollars made available at this is half of the 40 million US dollars allotted to enhance and encourage private sector investment in renewable energy. The other half will be released on the basis of how well the private sector is able to utilize the 20 million to be disbursed now according to sources.