AfDB, Dashen Bank Sign $40 million Facility to Boost Ethiopia’s Trade Finance – Ethiopian Monitor

AfDB, Dashen Bank Sign $40 million Facility to Boost Ethiopia’s Trade Finance – Ethiopian Monitor

Dashen Bank and the African Development Bank (AfDB) have signed a Trade Finance Guarantee Facility Agreement worth $40 million US dollars, marking a historic first for a private bank in Ethiopia. The facility aims to bolster Dashen Bank’s capacity to facilitate import and export trade finance and support the Ethiopian economy’s most critical sectors. The signing ceremony, held at Dashen Bank’s headquarters, was attended by senior representatives…