EXIM (Export and Import) Bank of India in the East African region

(HornTrade) – Ethiopia and EXIM (Export and Import) Bank of India signed agreement here on Tuesday enabling to set up a representative office of EXIM Bank in Addis Ababa.

EXIM Bank’s representative office in Addis Ababa will promote trade and investment smooth flows between India and the East African region, including Ethiopia in particular.

EXIM Bank’s office in Addis Ababa will be its seventh overseas regional office and third office in Africa.

The office will look after EXIM Bank’s interest in Burundi, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Somalia, Sudan, Tanzania and Uganda.

Its other overseas offices are at Dakar, Dubai, Durban, London, Singapore and Washington DC.

Finance and Economic Development Minister, Sufian Ahmed and EXIM Bank’s Chairman and Managing Director, T.C.A. Ranganathan signed the agreement.

Source: ENA

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