The Developmental bank of Ethiopian has launched the 3 rd round of technical training for small
and medium enterprises. The session, launched in partnership with the World Bank, is scheduled
to train 34,000 prospective entrepreneurs in 20 cities and 35 training centers. The program is
held regularly but the current round is the biggest of all the training rounds held till now,
showing a 10 fold increment in the number of participants.
It is also the most diverse training held with trainees hailing from multiple educational and social
backgrounds. Over the previous rounds, a total of 5,100 trainees were trained, out of which 1,200
enterprises started successful businesses which represents 20% of the total trainee organizations.
A total of 14 billion ETB worth of loan has been prepared to be disbursed to the enterprises
engaged in various sectors.
Speaking at the launching event held today, Tegegnewerk Getu, Directors’ Board General of
Developmental bank of Ethiopia, stressed that the technical training is helpful and vital in import
substitution and securing much needed foreign currency. The Ethiopian Industry Minister,
Melaku Alebel, also added that this training goes hand in hand with the “Let Ethiopia Produce”
national movement. The movement, which is a part of the 10-year development plan for the
industry sector, is planned to tackle the challenges that producers at all levels confront during the
manufacturing process, and increase the sector’s contribution to the GDP.
The 3 rd round of DBE’s training for entrepreneurs is majorly focused on the key priority sectors
of the Ethiopian economy namely; manufacturing, agriculture, tourism and mining. It is part of
the strategic reform plan devised by developmental bank of Ethiopia and thus includes technical
support and loan provision for local enterprises.
The 5 day long training focuses on key organizational concepts such as marketing, human
resources, finance and other related trainings essential for technical effectiveness of an
enterprise. Through such trainings and loan incentives the developmental bank of Ethiopia
strives to fulfill local demand for commodities and develop enterprises that will eventually join
the global market.
The Developmental Bank of Ethiopia is the first and only policy bank of Ethiopia with over 114
years of experience. Established to be primarily involved in lease finance, the bank has a major
contribution in Ethiopian economic transformation plans.
Developmental Bank of Ethiopia launches the 3 rd round of training for small and medium enterprises
Breaking News
The polling station №8351 for the Russian presidential election was opened at the Embassy of…
[Addis Ababa, Ethiopia, March 12, 2024]. The Huawei ICT competition global final was held from…
Barcelona, Spain, February 27, 2024] Northern Africa OTF (Operations Transformation Forum) 2024 was successfully held…
By Daniel TirunehA Ministry of Finance guards the national treasury and works towards ensuring a…
[Addis Ababa, Ethiopia, December 14, 2023] UNESCO-Huawei Technology-enabled Open School Systems for All project (TeOSS)…
Addis Ababa, Ethiopia December 4, 2023. A training focused on cyber security, new technologies, and…
[Dongguan, China, November 21, 2023] Huawei announced it has already brought connectivity to 90 million…
Ethiopian Airlines Group, the fastest-growing global airline brand and the continent’sleading airline, is pleased to…
[Addis Ababa, Ethiopia, August 29, 2023] Huawei Ethiopia organized today the ICT competition winners award…
WORLD TRAVEL AWARDS 2023 Star Alliance’s Los Angeles airport lounge has won the title of…