· MOU worth AED 184 million signed between S.S. Lootah International and Oromia International Bank SC of Ethiopia · Al Ghurair: Our aim is to get accurate information on setting up business, highlighting investment regulations and sectors while identifying challenges for investors · Buamim: We look forward to stimulate economic partnerships between the business communities in both countries · Ethiopia is Dubai's 60th trading partner with trade value of AED 2.2 billion in 2015 · Trade mission promotes Africa Global Business Forum by calling on public and private sectors to participate in the fourth session of the forum next year in Dubai 09 October 2016 Dubai, UAE: The Dubai Chamber of Commerce and Industry-led trade mission to Ethiopia concluded with the signing of an AED 184 million agreement between S.S. Lootah International and Oromia International Bank SC of Ethiopia to collaborate in supporting the coffee and other agricultural and livestock sectors with the financing and supply of needed inputs to boost their production and exports. The MoU covers financing requirements for the inputs and exports of production and value addition inputs products, export financing, warehousing and logistics for the agricultural sector including coffee and livestock production. The initial value of the agreement will be increased in its next stage with the rise in demand for the products. H.E. Yahya Bin Saeed Lootah, CEO, S.S. Lootah International, said that the agreement with the Ethiopian partner, which follows the signing of another agreement a few days ago with a Kenyan company reflects the...
Dubai Chamber trade mission to Ethiopia concludes with meetings with public and private sector reps
Posted on: October 10, 2016
Posted on: October 10, 2016