Policy Bank Allows Machine Rentals

The Development Bank of Ethiopia lifted the ban on the rental of leased farm machinery to third parties for agricultural mechanisation. The system enables borrowers to own the machines when they complete paying the loan. But borrowers have not been allowed to rent the machines to a third party before. “This procedure is now changed,” said Teshome Alemayehu, vice president of the Small & Medium Enterprises Financing at DBE. “In order to boost the agriculture mechanization, the Bank lifted the ban.” Currently, the borrowers are mainly farmers unions. “The bank facilitates lease financing for individuals who want to rent or buy the machines,” said Teshome. “We have full capacity to deliver service to those who want the lease finances.”



A young shoe shiner goes door to door, offering his services around the Stadium area. It is common in the capital to see young rural migrants engaged in physical labour, scraping change to send home. CHR Michelsen Institute (CMI) estimates that one out of three rural households has at least one family member migrating to cities. Extreme poverty and lack of access to farmland force many to look for better prospects in the city. Upward income mobility has remained stagnant over the last five years...



A carriage around the Ayat area delivers water, as homes rarely access tap water in the area. Ethiopia has nine major rivers, and twelve big lakes, often called the water tower of Africa. However, UNICEF estimates that up to 80pc of communicable diseases in Ethiopia are due to a lack of access to safe water and sanitation. The second most populous country in Sub-Saharan Africa has the highest percentage of the population without access to potable water at 60pc, while the average daily consumptio...



Holiday activities at Jan Meda included penalty shoot outs for cash pay alongside other carnival games. The World Cup final in Qatar ended in penalty shoot outs this year, a global audience of 1.5 billion watched the spectacle. While the tournament's ending had stirred planetary awe, the death of 37 workers during the construction of the stadiums had given the games a sour taste early on. The tournament broke records of the biggest budget of more than 200 billion dollars and the most spectators...