Development Bank of Ethiopia to Offer Loan to Small, Medium Enterprises
The Development Bank of Ethiopia (DBE) unveiled readiness to offer loan to Small and Medium Enterprises (MSME), according to Ethiopian News Agency (ENA).
Development Bank to Make $20 Million Available for Renewable Energy
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.DHL to Planning to Build Facility in Ethiopia
While having discussions with the Ethiopian Airlines and Ethiopian Airports Enterprise, DHL announced its plans to build a world class facility within the premises of the Addis Ababa Bole International Airport.
DHL: Ethiopia is a key zone for growth within Sub Sahara Africa
Ethiopia is a key zone for growth within Sub Sahara Africa, said Charles Brewer, Managing Director of DHL, during his visit to Addis Ababa, Capital reported.
“For the past three years, the East African community has sustained high GDP growth, outpacing other Sub Sahara Africa countries and weathering the global recession. According to sources like the United Nations Economic Commission for Africa (UNECA), the region is set to post an economic growth rate of 6.3 percent in 2013, up from 5.7 percent in 2012,” Brewer said.
Diageo Buys Ethiopian Brewery for $225 Mln
Diageo Plc, a London based global alcoholic beverages company, bought Meta Abo, a state-owned brewery
for 225 million dollars.
Late in August the Ethiopian government had floated an auction for Meta Abo Brewery weeks after Bedele and Harar breweries were sold to Heineken. British, Dutch and South African breweries were putting bids for Meta Abo, an Ethiopian brewery which brews the Meta Abo beer.
According to sources, Heineken, the Dutch brewery, offered 188 million dollars, while SAB Miller and South West Development (SWD) together bid 190 million dollars followed by Dashen Brewery which offered 173 million dollars.
