The potential of Diaspora to invest in the growing Ethiopian Economy is enormous, both in terms of the potential to generate a return and the impact of boosting growth, knowledge and capacity within the country. For those Diaspora who really feel passionate about the future of Ethiopia, they can contribute most to its development by investing in one of the areas identified by the Ethiopian Investment Agency.

For all your investment needs, we are always at your service.

REQUIREMENTS FOR PROJECT LOANS 
FOR EXPANSION /REHABILITATION PROJECTS 
SWIFT SERVICE 
SERVICES BY THE RECOVERY DEPARTMENT 

• Project feasibility study including Bill of Quantities and Specification for building and constructions  (2 copies);
• Investment License (Original & Photocopy);
• Principal registration certificate (Original & Photocopy);
• Trade License from the concerned organ (Original & Photocopy);
• Land Ownership Certificate from Authorized Municipality or other Government organ (Original & Photocopy);
• Land Lease Agreement and Land Lease Certificate for leased land (Original & Photocopy);
• Article & Memorandum of Association (Original & Photocopy) for applicants other than sole proprietorship;
• Most recent (not latter than two months) Proforma Invoices for all Machinery, Equipment, Furniture & Fittings and Raw Materials from known & acceptable supplier(s)
• Letter of privilege from Investment Office for duty free status (detailed list);
• Power of attorney if the loan is to be negotiated with a person other than Authorized in the license or Article of Association.

• All the required legal documents of the existing business;
• Feasibility study in two copies;
• Audited financial statements including Cash Flow at least for the past 5 years;
• If audited financial statements are not available, provisional statements including Cash Flow for the last consecutive 5 years;
• Inventory of all fixed assets priced at their Book Value and an estimated current disposal market value;
• List of Fixed Assets to be replaced with their Book Value and estimated disposal market value;
• List of fixed assets to be bought and their current market price supported by up-to-date Proforma Invoices;
• Projected financial statements for the life of the project with and without the expansion/rehabilitation project

The Feasibility Study should contain:

• Project background and basic idea of the project including motivation;
• Detailed market analysis (demand & supply analysis) and marketing strategy including associated marketing costs;
• Raw material study that includes classification of raw materials, specification requirements, availability and supply, supply programs and cost of raw materials;
• Location, site and environment including, justification for location selection, environmental impacts and cost estimates/expenditure on location development and environmental protection;
• Engineering and technology including production program, process and plant capacity, technology choice or technical partners and justification for choice; technology acquisition and transfer, detailed plant layout and basic engineering, civil engineering woks, maintenance and replacement requirements Details of cost estimates /expenditure supported by valid Proforma Invoices;
• Organization and overhead costs including organization design, organization structure, management and overhead costs;
• Human Resources including categories and functions, C.V. of key-personnel, availability and recruitment, training plan and detailed cost estimates;
• Project implementation plan and budgeting including stages of project implementation, implementation schedule, projection of implementation budget;
• Financial analysis and investment appraisal including assumption cost-benefit analysis, methods of investment appraisal, projected financial statements for the project life, associated financial and efficiency ratios and other investment viability indicators such as NPV and IRR.

• Projected sales program;
• Estimate of total marketing costs;
• Detailed estimate of costs of raw materials and supplies;
• Estimates of investment costs by category of investment, i.e., Civil works, machinery and equipment, furniture & fittings, initial working capital, etc.;
• Detailed estimates of production and overhead costs
• Detailed estimates of personnel costs;
• Estimates of pre-production expenses by category;
• Estimates of total annual costs of products sold;
• Estimate of total annual working capital requirements;
• Sources of finance;
• Schedule of debt services
• Projected financial statements including cash flow;
• Financial analysis & appraisal tables
• Project implementation charts;

*Expenditures, which require foreign currency, should be specified

The Commercial Bank of Ethiopia, which has a direct information network with over 540 banks across the world and owner of 197 branches in Ethiopia, is pleased to announce to Ethiopians in Diaspora that they can easily get access to local transfer services through the following SWIFT addresses.

The aforementioned SWIFT addresses enable Ethiopians in Diaspora to rapidly send money to their family and relatives living in any part of the country and make savings in their respective accounts.

Recovery Department through its Foreclosure and Debt Litigation and Acquired Asset Administration Divisions renders the following services:

• It sells foreclosed properties through open auction and acquired properties through closed auction.
• The properties include different buildings that can be used for various purposes such as residential, warehouse, office, shopping etc.
• The buildings are located in different towns of Ethiopia including the capital city-Addis Ababa and the principal house of regional states such as Gondar, D/Markos, Dessie, Hossana, Shashemene, Debretabour, Jimma and others.
• The areas of the properties range from 200m2 to 15000m2.
• The buildings are presented for auction with reasonable price.
• Bidders can participate in the auction by presenting 1/4th of the floor price of the building (Estimated Value)
• Bidding can take place in person or through legal agent.
• The bid winners paying a certain amount of down payment can be provided with partial financing scheme by CBE if they fulfill the eligibility criteria.
• The partial financing loan period can run up to a maximum of 15 years for building.
• The buildings purchased can serve as mortgage but the bank may require additional properties to be mortgaged/pledged.
• The bid winners can easily transfer the title deed to themselves with the help of the Bank.
• The lease or tax for foreclosed buildings before the bidders win the auction and buy the property is not the debt of the winner rather it is the debt of the previous mortgagers.
• In the small towns it is possible to acquire a number of plots of land that can be used for future investment projects by just investing insignificant amount of money.

• By buying these properties they can help their families by creating a new business opportunity.

Any interested party can get appropriate information about the buildings by the following telephone addresses: