6 October 2018

Ethiopia: CBE Launches Diaspora Mortgage Loan

The Commercial Bank of Ethiopia has set up a mortgage loan for Ethiopians living abroad and foreigners of Ethiopian origin.

The mortgage is designed for the diaspora community to be able to construct residential houses in Ethiopia.

Loan seekers will have to deposit a minimum amount of 20pc of the property value in foreign currency as an equity contribution. The loan period will extend to a maximum of 20 years with a minimum rate of 8.5pc. The loan is to be repaid in dollars, pounds or euros.

Applicants can submit their loan requests to any of the bank's consumer and credit processing units and outlying district offices.

Ethiopia

Police Accuse Ex Somali Region President of Attempt to Escape Prison

The federal police investigating ex Somali region president Abdi Mohamed Omar told the federal high court today that the… Read more »

See What Everyone is Watching

Copyright © 2018 Addis Fortune. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.