Awash Bank has been a USAID partner on previous financing projects, which were accomplished without defaults.
The United States Agency for International Development (USAID) and Awash Bank S.C. have announced a 6.4-million-dollar partnership to provide funding to microfinance institutions and small and medium-size agribusinesses in Ethiopia. Under the USAID Development Credit Authority (DCA) agreement, the programme targets expanding commercial bank lending into underserved areas. It also aims to provide private capital to help farmers and businesses intensify production and support Ethiopia’s efforts to modernise the agricultural sector. “We can accelerate economic growth at a macro level while creating a ripple effect that benefits farmers and their families at the same time,” said Sonila Hysi, deputy mission director at the USAID. The current engagement with USAID strengthens the Bank’s ability to provide loans to Ethiopian private microfinance institutions and small and medium-size enterprises operating in the agriculture sector, said Awash Bank’s CEO, Tsehay Shiferaw. Awash Bank has been a USAID partner on previous financing projects, which were accomplished without defaults.
January 15 , 2022
Foes and friends of Prime Minister Abiy Ahmed (PhD) agree that his administration is...
January 7 , 2022
There has not been much research to put a number on high costs wars inflict on Africa...
January 1 , 2022
It is a norm to emphasise grand structural changes to address the myriad political pr...
December 25 , 2021
In the words of Herbert Hoover, the 31st president of the United States, it is older...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
