“I will lend more than 100 billion birr” – Commercial Bank of Ethiopia
The Commercial Bank of Ethiopia (CBE) has announced that it is ready to provide over 100 billion birr loan to the private sector, agricultural inputs and public enterprises in the current budget year.
Of this amount, 25 billion birr is for the private sector, 30 billion birr for agricultural inputs and the rest for public enterprises.
The money will greatly stimulate the economy; It is said to contribute to job creation.
The lifting of the government’s loan ban will have a significant impact on the country’s economy, ENA reported.
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