Ethiopia: National Bank of Ethiopia Greenlights Offshore Accounts for Strategic Foreign Direct Investments

[Addis Standard] Addis Abeba -- The National Bank of Ethiopia (NBE) has approved strategic foreign direct investment initiatives to establish offshore accounts. This enables projects to conveniently deposit their proceeds sourced from equity and loan financing. The central bank aims to attract strategic investors across various sectors that can provide much-needed public goods and create new streams of foreign currency flows into Ethiopia.

Original URL: Click here to visit original article