Debub Global Partially Cuts Lending Rates

May 16 , 2020


[ssba-buttons]

Debub Global Bank, one of the youngest banks, has followed the lead of the other banks by cutting interest rates for the hotel and horticulture sectors until June 20, 2020. For the hotel sector, the Bank has introduced a cut of between Two to 2.7 percentage points. For the horticulture sector, the cut ranges from 1.9 to 2.4 percentage points. The Bank has also made a 2.6 percentage point cut to the interest rate for overdraft facilities for hotels and a 1.6 percentage point cut for the horticulture sector. The Bank, which has made the interest cuts effective beginning April 1, 2020, has a total outstanding loan portfolio of 3.8 billion Br as of April 30, 2020. So far, Awash, United, Wegagen, Abay, Zemen and Dashen banks have announced interest rate cuts on lending.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...