Zemen Bank is pleased to announce the successful mobilization of a combined USD 85 million trade finance facility from two of its development partners — the African Export–Import Bank (Afrexim Bank) and the Trade and Development Bank (TDB).
This significant milestone enhances Zemen Bank’s ability to facilitate expanded import and export transaction and its responsiveness to clients’ demand in an increasingly dynamic market. It is also believed to improve access to foreign currency for priority sectors.
The Bank extended its sincere appreciation to Afreximbank and TDB for their continued confidence in Zemen Bank and for their commitment to supporting Ethiopia’s economic growth.
