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Xaaji Xunjuf

Djibouti:Exim Bank of Tanzania opens subsidiary

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DJIBOUTI (SomalilandPress) – The President of the Republic, Mr. Ismail Omar Guelleh, officially opened the first branch of the Exim Bank of Tanzania in Djibouti. The opening ceremony was attended by Minister of Economy and Finance, Mr. Ilyas Dawaleh Moussa, Minister for the Budget, Mr Ali Said Amareh, Governor of the Central Bank of Djibouti, Mr. Djama Mahamoud Haid, and Chairman of the Board of Directors of the Exim Bank from Tanzania, Mr Yogesh Manek. The inaugural ceremony was followed by a banquet hosted by the new bank, which was attended by the President of the Republic, Mr. Ismail Omar Guelleh of Djibouti’s First Lady, Kadra Mahamoud, several members of government, representatives of the diplomatic corps accredited to Djibouti, officials from the ranks of the development partners and bankers at the Palace Kempinski.

 

Exim Bank of Tanzania becomes the 11th bank to open a branch in the small East Africa Nation that has seen banking boom. President Guelleh as he toured the facility also decided to open an account with the bank which has hired ten local graduates from Djibouti. According to CEO of the Djibouti branch Mr. Patrick Dettefworth the bank has a capital of more than 300 million of our francs and over 250 customers according in Djibouti already.

 

On the choice of moving to Djibouti Chairman of Board of Directors of the Exim Bank Mr. Yogesh Manek goes on to say “political stability and market growth were the factors that lead to their decision”

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