2merkato

The Export-Import Bank of the United States announced it will back the bonds that were issued by Ethiopian Airlines. The Airlines issued the bonds to buy ten Boeing 787 Dreamliner airplanes.

It was mentioned that the Airlines received a competitive interest rate from the bank. The agreement is good news to both parties because it helps the American export sector and Ethiopian Airlines will benefit from the financing program according to EXIM Bank Chairman and President Fred P. Hochberg.

Nippon Export and Investment Insurance (NEXI) is to be the co financer on the deal it was also mentioned.

The United States investment in Ethiopia reached USD 4 billion. Mr. Girma Biru, Ethiopian Ambassador to the US, stated that several US companies and Ethiopians abroad contributed to this growth, Walta Information Center Reported.

The prohibition on US carriers and commercial operators not to fly on some parts of Ethiopia has been lifted by the United States Federal Aviation Authority (FAA).

The United States Department of State said it will host the Ethiopia Partnerships Forum (EPF) from May 15 – 16, 2019 in the US. EPF is a an economic engagement platform between Ethiopia and the US, aiming to raise awareness of Ethiopia’s bold new efforts to transform its economy and create attractive business opportunities.

Penny Pritzker, US Secretary of Commerce, said her country has made plans to open a trade liaison office in the capital of Ethiopia in order to facilitate commercial ties with Ethiopia.