One Word. Different Rules. LOAN | #Sheqela

One Word. Different Rules. LOAN | #Sheqela

Loans, Savings & Business: What You NEED to Know!

(Photo: Michele Spatari/Bl) Addis Abeba –The central bank has eased the annual credit growth restrictions on commercial banks, enabling financial institutions to extend more loans to their clients. In a statement released on 31 December, 2024, the National Bank of Ethiopia (NBE) disclosed that the annual credit growth ceiling was raised from 14% to 18%. The …

(Photo: Michele Spatari/Bl) Addis Abeba –The central bank has eased the annual credit growth restrictions on commercial banks, enabling financial institutions to extend more loans to their clients. In a statement released on 31 December, 2024, the National Bank of Ethiopia (NBE) disclosed that the annual credit growth ceiling was raised from 14% to 18%. The …

(Photo: AFP) Addis Abeba – The World Bank has approved a $700 million loan to strengthen the stability of Ethiopia’s financial sector, with a particular focus on supporting balance sheet restructuring and the recapitalization of the state-owned Commercial Bank of Ethiopia (CBE). The credit provided under the Financial Sector Strengthening Project (FSSP) is also earmarked to …

(Photo: AFP) Addis Abeba – The World Bank has approved a $700 million loan to strengthen the stability of Ethiopia’s financial sector, with a particular focus on supporting balance sheet restructuring and the recapitalization of the state-owned Commercial Bank of Ethiopia (CBE). The credit provided under the Financial Sector Strengthening Project (FSSP) is also earmarked to …

(Photo: Abyssinia Group of Industries) Addis Abeba – The Board of Directors of the International Finance Corporation (IFC) is set to vote on a financing package of up to $20 million in secured loans for Abyssinia Group of Industries (AGI), a leading steel manufacturer in Ethiopia and East Africa. According to the IFC, which is a member of …

(Photo: Abyssinia Group of Industries) Addis Abeba – The Board of Directors of the International Finance Corporation (IFC) is set to vote on a financing package of up to $20 million in secured loans for Abyssinia Group of Industries (AGI), a leading steel manufacturer in Ethiopia and East Africa. According to the IFC, which is a member of …

Recently, Ethiopia relaxed currency controls and restrictions as per the recommendations of the IMF, which provided it with a generous credit line. Theoretically, it’s a loan even if Abiy Ahmed, the prime minister, insinuates otherwise. He said that borrowing from the IMF is like “borrowing from your mother!” However, many countries, including Egypt and Kenya, […]
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