Team Shega

Purpose Black Ethiopia Ordered to Repay Deposits with Interest

Addis court orders Purpose Black Ethiopia to refund home buyers, with interest & costs. Relief for some, but many more await.

Commercial Bank of Ethiopia Launches 50 Billion Birr Loan Package for Diaspora Community

The loan facility is intended to finance investment projects, home purchases, and vehicle acquisitions.

Oromia Disburses 16.9 Billion Birr in Loans to New Entrepreneurs

Oromia region says its entrepreneurship programs have created 2.8M job opportunities through 16.9B Birr in loans, attaining a striking 420% year-on-year credit growth.

Dangote, Ethiopia Partner on $2.5B Urea Fertilizer Plant in Gode

Ethiopia’s state investment arm and Dangote Group have signed a $2.5B deal to build a fertilizer complex in Gode. The facility is set to produce up to 3M tons annually.

Ethiopia’s Central Bank Deploys AI to Crack Down on Suspicious Transactions

Ethiopia’s central bank is turning to AI to spot suspicious transactions as part of a broader push to curb illicit financial flows.

Ethiopia Maintains Ban on Chinese Sino Trucks as Forged Import Documents Rise

Known as “Red Terror” on Ethiopian roads, the popular Sino Truck is now barred from entry until safety issues are fixed. Authorities are cracking down on forged paperwork facilitating its entry.