Development Bank Initiates Small Business Support Programme

Mar 27 , 2021

Business people who run micro, small and medium enterprises will benefit from training on planning, management, finance and accounting if selected by the Development Bank of Ethiopia (DBE). Ethiopia's policy bank announced last week that it has allocated 8.6 billion Br to support these businesses. The support programme consists of facilitating the procurement of machinery and equipment as well as the provision of various training projects. The enterprises are expected to attend the training in order to work with the Bank and become beneficiaries of the funding, according to Yohannes Ayalew (PhD), president of the DBE. The first round of training for small business operators is already underway with more than 2,500 trainees participating in five different centres.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

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Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...