BII and FMO Unveil $40 Million Commitment to Dashen Bank, Supporting Ethiopia’s Financial Sector
British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, and FMO, the Dutch entrepreneurial development bank, today announced their joint commitments of up to US$20 million each to Dashen Bank (Dashen) – one of Ethiopia’s largest private sector banks. The loan will help to drive agricultural exports and provide access to much-needed foreign exchange (FX) within Ethiopia.
Photo courtesy of Rod Waddington.
Source: British International Investment (link opens in a new window)
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