Five years ago, the Development Bank of Ethiopia (DBE) announced that it planned to give out a large amount of loans to the manufacturing sector, which faced a lack of finances for years. Despite these stated efforts, many local investors argue that they’ve had difficulty in accessing finances. They say that the Bank is plagued by bureaucratic inefficiencies and that it tends to favour foreign investors. In fact, a closer look at the nine-month report of the Bank from the just-ended fiscal year shows that DBE had disbursed only 54Pct of what it planned. They claim that unsettled land issues of loan applicants, and their limited capacities to upfront 30Pct of the equity they need to get 70Pct financing were the major reasons for the Bank’s weak loan disbursement. DBE leaders say policy hurdles that the Bank faces, i.e., the limitation it not accept requests from Small and Micro Enterprises, have contributed to the reasons why a large sum of money has been idle this fiscal year. EBR’s Fasika Tadesse spoke with Bank officials and local investors to write why more than four billion birr was not disbursed to those who need it. 


Reach for Change is a non-profit organization with headquarters in Stockholm, Sweden. It was founded in 2010 by the Kinnevik Group and Sara Damber.  Reach for Change identifies and develops Change Leaders – local social entrepreneurs with innovations that improve the lives of women, youth and children. The entrepreneurs are helped to scale their innovations through seed funding, access to technical and managerial expertise and networking opportunities. Reach for Change has now expanded and operations into seventeen countries on three continents. Reach for Change has recently, April 2015, registered in Ethiopia as Foreign Charity Organization with certificate number 3419.  Reach for Change Ethiopia’s work is envisaged to positively impact the lives of youth, women and children in Ethiopia through building the capacity of local social entrepreneurs to drive social development on a large scale and contribute for alleviation of unemployment and poverty in Ethiopia.  This TOR is prepared to introduce Reach for Change Ethiopia and its project objectives and strategies for potential stakeholders.


In collaboration with R&D Entrepreneurship and Outsourcing Centre, Cordaid has officially launched its Resilient Business Development Service in Ethiopia at Sheraton Addis.

The program is designed to support large number of Small and Medium Enterprises (SMEs) not only in Ethiopia but also in Guatemala, Sierra Leone, Philippines and Burundi. The service is focused on the ‘missing middle’; mid-sized SMEs with significant growth potential and job creating opportunity but stagnated in their growth due to lack of technical knowledge and financial constraint. The program is delivered in an individually tailored and “hands on” approach so that entrepreneurs and their companies attain maximum benefit through technical support by foreign and local experts on marketing, financial management, supply chain, operations, legal compliance, internal management, access to market and access to finance.


Too many people read the headlines and skip the actual substance. A headline might say that it's imperative for America to renew the African Growth and Opportunity Act (AGOA). The underlying facts might demonstrate that AGOA has failed and needs to reinvent itself.

Brad Pitt actually summed up the results for America's 15-year love affair with AGOA when his Benjamin Button movie character said that "Our lives are defined by opportunities, even the ones we miss."


Some 107 high-potential women trained in women entrepreneurship and leadership in livestock businesses from the Amhara, Oromia, Southern Nations, Nationalities and Peoples (SNNP) State and Tigray States graduated at a ceremony held on the premises of Women in Self Employment (WISE) yesterday. The graduates bring the total number of women trained in entrepreneurship and leadership to 211.

USAID supported the five-month training under its Agricultural Growth Programme-Livestock Market Development Activity(AGP-LMD). The training, which focused on technical, business and leadership skills, is expected to assist the graduates to become successful business operators as well as mentors to other women in their communities.


By Samuel Taye

Ethiopia has clear and attainable trade policy which helps to develop and ensure broad international market linkage and thereby generate large amount of foreign exchange. Likewise, the country has put in place an appropriate investment policy that enables to attract foreign investment which is at the centre of the country's economic diplomacy.

The economic diplomacy policy of the country is, therefore, helping the nation to diversify its trade, investment areas and widens the international market horizon that vividly accelerated growth in these sectors of the economy.

Today, a number of companies and investors from Asia, Europe, America and the Middle East are highly interested to invest in Ethiopia more than ever. Many countries are also growing their diplomatic relations to more intensified economic ties with Ethiopia.


This was originally published on the here

addisababaVentures Africa: It’s pretty hard to miss the buzz that has been on about the African economy, with large markets and a huge consumer market-base, Africa has become one of major hub of business in the world. The African continent is deemed the world’s fastest growing with 5 to 6 percent growth rate for the several years. With a steadily growing population (it is predicted that a quarter of the population will be African in 2050), this renewed attraction to Africa is rather well-needed as it creates a two-way chain to both Africa and the companies as they are able to take advantage of the large markets available in Africa to boost their goals.

A research by hotel booking platform Jovago, revealed these top seven business destinations. They particularly stand out in their regions in terms of their strategic locations, economic sectors and peculiar cultures. Without doubt, Africa is home to great countries with abounding opportunities for business to flourish.


Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.


On Saturday 17th January 2015, AWiB held the 2nd series of the round table discussion (RTD) facilitated by Tsigie Haile focusing on women’s common agendas.

The aim of the RTD is to raise and address important issues through informal discussions on which the audience takes active role. Moreover, the RTD gives members an opportunity to express their thoughts and share their experiences.

Tsigie Haile is the founder and director of a non-governmental organization, Women In Self Empowerment (WISE), that empowers women through various skills trainings and assistance. She is the title holder of AWiB’s Woman of Excellence for creating opportunities and positively changing the lives of tens of thousands of women and their families through WISE. For more information on Tsigie, please visit www.ethiopianwomenunleashed.org


A new customs proclamation is promulgated and is in effect as of Wednesday December 24, 2014. The new bill has fully replaced the former customs bill, Proclamation Number 622/2009.


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AWiB would like to proudly acknowledge its partners for the year.