May 14 , 2022
The Development Bank of Ethiopia (DBE) has approved 14 billion Br in lease-financing for 1,200 small and medium enterprises. The state-owned Bank conducted a large-scale training programme on agricultural mechanisation, construction, agro-processing, manufacturing, and tourism in 20 towns (including Addis Abeba) last week. Last year, the DBE moved to amend its lease-financing policy in the areas of the time of commencement of interest, time of relief, and working capital. The Bank provides lease-financing services to qualified enterprises in the agriculture, agro-processing, manufacturing, tour, construction and mining sectors. An enterprise has to employ at least six people to be eligible for financing, amounting to anywhere between half a million Birr and 7.5 million Br.
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