Economy
DBE Expands Farm Machinery Financing with Harvester Delivery
BirrMetrics · 3 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
The Development Bank of Ethiopia has handed over 11 combine harvesters valued at over 1.2 million euros to agricultural investors as part of a broader 50-machine rollout.
- The Development Bank of Ethiopia (DBE) handed over 11 combine harvesters valued at more than 1.2 million euros to agricultural investors and farming enterprises.
- The machinery purchase was financed through DBE's capital goods leasing facility.
- The 1.2 million euros is equivalent to approximately 226.9 million birr based on the 26 October 2026 exchange rate of 189.07 birr per euro.
- The delivery is part of a plan to import 50 combine harvesters during the fiscal year, with the first batch accounting for 22 percent of the fleet.
- The Claas Dominator 260 harvesters were supplied through Kaleb Service Farmer’s House.
- The handover ceremony took place at Friendship Square in Addis Ababa and was attended by representatives from Germany’s KfW Development Bank and Claas.
- DBE's leasing framework uses a hire-purchase arrangement requiring an initial contribution and subsequent payments.
- The Ministry of Agriculture's national mechanisation strategy previously reported that DBE's programme had supplied 450 tractors and 48 combine harvesters.
- Ethiopia and Japan signed a 360 million yen grant agreement in September 2026 to procure rice-sector equipment including combine harvesters and tractors.
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