Development Bank Initiates Small Business Support Programme

Mar 27 , 2021


[ssba-buttons]

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.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...