HomeTalk Business (Page 58)

Talk Business

 

Etenesh Abera

Addis Abeba, July 23/2017 – Following days of defiance by small business owners in Oromia regional state and in the capital Addis Abeba against the newly introduced presumptive tax system, Kebede Chane, Director General of the Ethiopian Revenue and Customs Authority (ECRA), said the government was now scraping its implementation.  

The financing is the ‘largest ever’ by EIB and it will be managed by the state bank, Development Bank of Ethiopia (DBE)

 

Addis Abeba, June 29/2017 – “Small business across Ethiopia will benefit from a new 6.4 billion Birr (247 million Euro) lending and leasing program to be managed by the Development Bank of Ethiopia announced in Addis Abeba earlier today”, according to a statement from the European Investment Bank (EIB). The new initiative, backed by the European Investment Bank and World Bank, “represents the first international support in the Ethiopian financial sector and the European Investment Bank’s largest ever engagement in Ethiopia”. The new initiative will back financing for local companies by Ethiopian microfinance institutions, commercial banks and leasing firms.