Ed’s Note: The beautiful city of Harar, in Eastern Ethiopia, 522 km from the capital Addis Abeba, is celebrating the 1010 anniversary of its birth. In celebration of this event, we are re-publishing an article originally published on Addis Standard in March 2012.
Addis Abeba, July 03/2017 – Twelve members of Ethiopian Muslims who were in Saudi Arabia on Hajj and Umrah pilgrimage were detained by the Kingdom’s security on Thursday June 29, according to friends and family members.
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.