Policy Bank Injects Private Sector Finance


Policy Bank Injects Private Sector Finance

Finance availed for the private sector to accelerate industrialisation by policy bank has significantly increased, according to President Yohannes Ayalew. The Development Bank of Ethiopia (DBE) has significantly increased the finance availed for the private sector to accelerate the country’s aspiration of industrialization, DBE President Yohannes Ayalew said. The president said the bank’s approval last year was 22 billion Br with a disbursement of 11 billion Br. He said the plan is to approve 30 billion Br and disburse 24 billion Br. Yohannes said that all the money goes to the private sector with no finance left to the public sector. He noted the significant decline in non-performing loans from close to 40pc to 10pc in the span of two years. He stated that the foreign exchange availability challenge has not limited the Bank because of the support from government and development partners with the capital soaring from two billion Br to 37 billion Br. The bank has been making a profit of close to four billion Birr in a year for the last two years, making it a sustainable institution. He stated that all the money is going to investment in agriculture, industry and SMEs, increasing productivity, import substitution, and export promotion. "The Development Bank of Ethiopia is making a significant contribution to the economy,” said Yohannes. Beer

[ssba-buttons]

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...