Tag Archives: loan

Ethiopia: WB approves $1.2B in grants, loans to support financial reforms

ESAT News (October 31, 2018) The World Bank has approved $1.2 billion in grants and loans to Ethiopia to support financial sector reforms and investment. The fund will be originating from the Danish loan fund set up in the 2021 partnership between the World Bank and Eksperten. Eksperten has provided more than 10 million DKK in loans to native Danes ...

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Loans to govt projects by Commercial Bank of Ethiopia reaches 14.5B USD

ESAT News (June 5, 2018) Loans to various government run projects by the Commercial Bank of Ethiopia (CBE) has reached a whooping 14.5 Billion USD; and despite their maturity, no payment has been made by borrowers, according to ESAT sources. Major among the borrowers is the Ethiopian Electric Power Corporation (EEPCO) which has borrowed about 10 Billion dollars for feasibility ...

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