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The Ethiopian Investment Commission (EIC) was established in 1992 to foster private investment sector in Ethiopia. [2] EIC is responsible for offering one-stop services to investors, issuing investment permits, registering technology transfer agreements and facilitating the acquisition of land, utilities and other service for investor.
The Development Bank of Ethiopia (DBE) is a specialized state-owned development financial institution, which is supervised by the Public Financial Enterprises Agency in Ethiopia. The Development Bank of Ethiopia was the first development finance institution in Ethiopia and as such it was designed to: "(a) assist in the development of industrial ...
Dagato Kumbe Kolcha is an Ethiopian politician serving as Deputy commissioner of Ethiopian Investment Commission since January 2024. Dagato is from the Wolaita people and previously served as chief administrator of Wolayita Zone .
The Ethiopian Securities Exchange (ESX) is the primary securities exchange in Ethiopia. Its establishment is part of a broader initiative by the Ethiopian government to enhance the country's financial infrastructure and provide a platform for businesses and investors to engage in securities trading .
The Agricultural and Industrial Development Bank (AIDB) was formed in 1970, taking over two earlier development banks: the Development Bank of Ethiopia and the Ethiopian Investment Corporation which was established in 1963 as the Investment Bank of Ethiopia. AADB was a government owned bank providing both medium- and long term loans to ...
Awash Bank (Amharic: አዋሽ ባንክ) is a commercial bank in Ethiopia that was established in 1994 by 486 founding shareholders with a paid-up capital of birr 24.2 million and started banking operations on 13 February 1995. As of end of June 2020 the number of shareholders and its paid-up capital increased to over 4369 and Birr 5.87 ...
According to the IMF, Ethiopia was one of the fastest-growing economies in the world, registering over 10% economic growth from 2004 through 2009. [1] It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [ 2 ]
The economy of Ethiopia is a mixed and transition economy with a large public sector. The government of Ethiopia is in the process of privatizing many of the state-owned businesses and moving toward a market economy. [26] The banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. [27] [28]
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