NBE Sees ‘Great Potential’ in Ties with Chinese Central Bank

National Bank of Ethiopia (NBE) Governor Mamo Mihretu met with the Director General of the People’s Bank of China, Jin Zhongxia, on Thursday to discuss bilateral relations.

The discussion was held in Beijing where a high-level Ethiopian government delegation was on an official visit this week.

The delegation signed a Memorandum of Understanding with Chinese government to set up a cooperation working group with a view to boost bilateral economic and trade relations in strategic fields.

The signing was followed by various bilateral meetings including between the Governors of the central banks of the nations on Thursday.

The Ethiopian embassy in Beijing said the discussions was “fruitful”.

As per NBE governor, ways to enhancing ties between the two countries as well as banks were subject of his talks with director general Jin.

“Wonderful meeting with the Director General of the People’s Bank of China in Beijing on the robust economic ties between Ethiopia and China,” Mamo said in a tweet after the meeting.

“There is a great potential for expanded relations between our two Central Banks,” he added.

The other member of the visiting delegation, head of the Ethiopian Investment Commission (EIC) Lelise Nami, also met with the executives of Chinese Pharmaceuticals.

The meeting involved five largest Chinese Pharmaceutical Companies – Chongqing Pharmaceuticals Holding, BieGen, CNBM, SINOMA Engineering and SINOMA Cement Co. Ltd.

Commissioner Lelise presented opportunities for the pharma sector, a conducive investment climate, and reforms undertaken, and high commitment from the government.

The pharmaceutical sector is one of the top priorities with a dedicated and strategically located Kilinto state of the art industrial park, she told the Chinese firms.

“The representatives have shown keen interest to explore the opportunities and invest in Ethiopia,” as per EIC.

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