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Dashen Avails 25m Br Loan to Businesses in Gambella

Sep 3 , 2022

Dashen Bank availed 25 million Br loan to businesses operating in Gambella Regional State. The loan will be disbursed through Gambella Microfinance Institution. The regional government will provide collateral on behalf of the businesses that will take the loan. Two years ago, Dashen, one of the leading private banks, availed five billion Birr loans to close to 6,000 youth registered under medium-size enterprises. Dashen Bank is among the first generation of private commercial banks whose growth in capital grew exponentially and its asset base expanded impressively. Last month, Awash International Bank (AIB) launched a program dubbed “bridge” to reach out to the underserved segment of the market through microfinance institutions. The Bank has made 5.5 billion Br available in credit for small enterprises and farmers to be disbursed through the microfinance institutions (MFIs) in the coming three years.

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BLOOM-MELON

Addis Abeba strives to be a city of distinction with a glamorous look. But lately, most parts of the city are overwhelmed by informal street vendors. Underneath the bridge around La Gare, commonly known as Lagahar, a street vendor sells pieces of watermelon from a mobile pushcart. Watermelon is a flowering plant species with more than 1,000 varieties worldwide. It lowers high blood pressure and cholesterol levels when taken regularly. Ethiopia exported 483tns of watermelon to Djibouti in 2018, w...

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THE CITY'S PULSE

Since its establishment during the reign of Emperor Haile Selassie, Meskel Square, on the interseciotn of Africa, Ras Mekonen and Jomo Kenyatta avenues, has been one of the landmarks of Addis Abeba. Having been the site for public gatherings, rallies and festivities like (Meskel celebration), the Square laid out a somewhat classy atmosphere to the city and has become a recreational centre with a mesmerizing look. Following the Beautifying Sheger Initiative, the refurbishment of the Square was in...

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SOOTHING RIDES

Addis Abeba's Stadium neighbourhood has been home to driving and cycling trainees for decades. Homeless children favour the location for its open spaces and high traffic. They ride rented bikes around on a school day. Pangs of hunger are numbed out by riding in circles on top of colourful bikes for the children. They were escaping vicious cycles of poverty on top of bicycles, if only for minutes...

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