COVID-19 UPDATES: All the stories and commentaries on Coronavirus, in one place

Development Bank Approves 3b Br Loan

January 11 , 2020

The Development Bank of Ethiopia (DBE) approved 3.1 billion Br in loans during the first five months of the current fiscal year. Out of the total, 58.8pc of it is for the manufacturing sector while finance, agriculture and service sectors get 28pc, 6.6pc and 6.7pc of the total value, respectively. "The Bank achieved 81pc of its plan," said Haileyesyus Bekele, president of the Bank, to the Budget & Finance Standing Committee members of parliament who visited the Bank last week. In the reported period, the Bank was also able to collect 3.9 billion Br, which was 118pc of the target, according to the president.


Editors' Pick

Drop us a message

Or see contact page