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

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...