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[Jan 2018] Esayas Berhe Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

DBE Pauses Lending to Farmers

The Development Bank of Ethiopia (DBE) has stopped providing loans to finance commercial agricultural projects for an undetermined period. The Bank issued a circular at the beginning of the month, signed by its President, Esayas Berhe, ordering staff not to process any loans for agricultural projects. This includes both new and expansion projects that may come to its table.

One possible reason for this move is what happened in some projects in Gambella, causing DBE to face a problem, a bank official who wished not to be named, told

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