CBE Execs Target 100b Br Loan Disbursa

Dec 11 , 2021


[ssba-buttons]

Executives of the Commercial Bank of Ethiopia (CBE) plan to disburse over 100 billion Br in loans by the end of the fiscal year. The amount is nearly equivalent to the total value of loans disbursed and bonds sold over by the state-owned giant last year. The Bank made the announcement following the lifting of the central bank's embargo on collateralized loans at the end of November, nearly four months after it was first enforced. The CBE targets to provide 25 billion Br in loans to the private sector, 30 billion Br for agricultural inputs, and the balance to state-owned enterprises. The Sugar Corporation requested over 11 billion Br in loans from the CBE last month. Last week, the Bank launched a series of e-commerce platforms for booking and payments in the hospitality industry in collaboration with EagleLion, a technology systems provider established last year. Among these is a hotel bidding platform that organisations and clients can use to float tenders for hotel reservation and conference services.


Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hilton Hotel Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...