The launch and cooperation signing ceremony on Sept 5 2023 was attended by the Governor of the National Bank of Ethiopia Mamo Mihretu and senior officials from the two institutions.

Ethiopia Partners with IFC to Develop Local Currency Bond Market

ADDIS ABABA – Ethiopian Capital Markets Authority (ECMA) and International Finance Corporation (IFC) launched a project to support the growth of the country’s domestic capital markets and increase access to local currency finance.

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IFC's North Africa and Horn of Africa Director Cheick-Oumar (center L) speaking with Aysheshim, an Ethiopian investor who has engaged in various business ventures in neighboring South Sudan, after signing the loan deal on Monday. (Photo © IFC Africa)

IFC Invests $7.5mln in Expansion of Juba’s Dembesh Hotel

ADDIS ABABA – Dembesh Hotel, owned by an Ethiopian investor based in South Sudan, has received a $7.5 million loan from the International Finance Corporation (IFC) to finance its expansion and renovation.

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