NBE Governor and UK Minister for Africa, Andrew Mitchell attended a signing ceremony between BII (UK), FMO (Netherlands), and Dashen Bank—marking one of the first cases of a local bank borrowing from abroad for the purpose of on-lending the borrowed foreign exchange funds to Ethiopian agricultural exporters. This scheme has been enabled by NBE policies, and many more domestic banks are expected to take advantage of facilities to provide foreign exchange funding to Ethiopia’s export sector.
