Friday, 18 July 2014

 

Ethiopia Requests Indian Banks to Boost Investment PDF Print Email
Friday, 18 July 2014 08:43 Investment

Ethiopia Requests Indian Banks to Boost Investment

BY ZERIHUN GETACHEW

ADDIS ABABA, Ethiopia, July 18, 2014 (ERTA) --- The Ethiopian government has requested the State Bank of India (SBI) to open a representative office and engage with the country's financial sector.

"Previously the Ethiopian government tried to support (investment funds) by availing investment finance with 70:30 ratio - 70 percent loan and 30 percent equity," Ethiopia's Industry Minister, Ahmed Abetew said.


 

 

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