EFFORT companies failed to settle over 4.3 billion birr loan (video)

The Development Bank of Ethiopia (DBE) said it is facing serious credit risk after five companies under the Endowment Fund for Rehabilitation of Tigray (EFFORT) have failed to settle the over 4.3 billion birr loan they had borrowed from the bank. Acting Vice President of the DBE Adane Mehari said dozens of projects which were run by EFFORT companies are not operational. Video: [embedded content]

EFFORT companies failed to settle over 4.3 billion birr loan (video)

The Development Bank of Ethiopia (DBE) said it is facing serious credit risk after five companies under the Endowment Fund for Rehabilitation of Tigray (EFFORT) have failed to settle the over 4.3 billion birr loan they had borrowed from the bank.

Acting Vice President of the DBE Adane Mehari said dozens of projects which were run by EFFORT companies are not operational. Video: