CBE Execs Target 100b Br Loan Disbursa

Dec 11 , 2021

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.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...