Business
Djibouti: Exim Bank of Tanzania opens subsidiary
December 11, 2011 · 6 Comments
DJIBOUTI (SomalilandPress) — Ismail Omar Guelleh, the President of Djibouti officially opened the first branch of Exim Bank of Tanzania in Djibouti city. 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 (Tanzania), Mr. Yogesh Manek.
The inaugural ceremony was followed by a banquet hosted by the new bank, which was attended by the President, Djibouti’s First Lady, Kadra Mahamoud Haid, 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 African nation that has seen banking boom in recent years. President Guelleh became one of the first clients when he opened an account as he toured their facility. The bank also hired ten local graduates to help attract more customers. According to the CEO of the branch, Mr. Patrick Dettefworth, the bank has a capital of more than 300 million francs and over 250 customers 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”.
Somalilandpress
Email this story
By Mo Guled
Tags: Djibouti, Exim Bank of Tanzania, Somaliland
Readers Comments (6)
Somaliland
Somaliland gives 17 the death penalty, 5 jail terms
HARGEISA — A military tribunal in Hargeisa has sentenced more than 17 civilians to death by firing squad over the killing of three policemen. The ruling ...
SOMALILAND: 1100 teachers complete teacher training courses
HARGEISA – Vice-President Abdulrahman A. Ismail on Tuesday congratulated more than 1,100 teachers who concluded school-based teacher training courses in the capital. Teachers from universities, secondary ...
Somaliland: Africa’s unofficial country
HARGEISA — Most local banknotes in Somaliland are only worth pennies, so a brick of money is usually needed to buy a meal of camel ...
Somaliland:VP meets World Bank Officials
Somaliland Vice President Hon Abdirahman Abdillahi Ismael (saylici) has met with a delegation from the World Bank who are currently in the country ...
SOMALILAND: Land dispute leaves seven dead and scores wounded
- UPDATED HARGEISA — In a gory fallout of a dispute over land, at least four civilians were shot by armed security forces in the capital’s ...
Your Say
Dr Jowhar: We lost a friend, a Hero
Jama Musse Jama A tribute to a true patriot Abdishakur passed away on May 13, 2012 in a car accident at Tulli village, between Dilla and Borama ...
- Why Hiil Qaran Party Will Not Have a Significant Impact on the Politics of Somalia
- Sunday 20 May: Join in Commemorating late Dr Jowhar
- Qurbomeer State should stop smearing the reputation of Lula A Osman
- May 18: Somaliland Independence Day – Message from Islamabad
- When will Somaliland people know that their choices determine their destiny
- What does the Somaliland flag really represent?
- Somaliland: Istanbul is not the end of the world
- Do Muslims in the West need funeral covers?
- Are the Somali Unionists’ Predictions on Somaliland’s Collapse Crumbling under their Feet?
- Open letter to the People of Qatar & their Government
GEESI LOO HANWEYNAA – A tribute to my hero Dr. Jowhar
Hearing of the death of Dr. Abdishakur Sh. Ali Jowhar struck me as a thunderbolt out of the blue. At no time can one be ...
10 Years after Timor’s Independence, Where Is the Justice?
OPINION | May 16, 2012 John M. Miller The East Timor and Indonesia Action Network (ETAN) congratulated the people of Timor-Leste as they prepared to celebrate the ...
Good for Djibouti…..we are proud of your progess. Hopefully it will be followed by a move towards credible democracy. Good luck
Mr. Gelle, is trying to develop his Country on blood of Somali people. This guy thinks that if the world community recognize Somaliland, his country will loss all the attention that it's now getting. For this not to happen, he make sure Somaliland will never be recognized and he wants Somalia( Mogadishu) continue its distractive path these are all to his Country's advantage. This true with Ethiopia and Kenya. All these three neighbouring Countries thinks that, it's to their countries advantages that Somaliland remain unrecognized and Somalia crisis continues.
If you think I am just day dreaming, look at these three countries Economy development since the Somalia civil war and why do you think none of these Countries do not want to recognize Somaliland? Because, they believe, it's to their countries disadvantage and they will not get all these attentions they are now getting from International communities if they happen to recognize Somaliland.
LOL looks like someone is salty because Djibouti is doing GREAT economically.We will do good even if you do get your independence(don't hold your breath though).I wish you the best of luck though on becoming an independent nation.
Viva Djibouti,the Land of the ISSA and AFAR so proud!
Nice to see Jabuuti develop. Laakiin lacagtiina yaan lala baxsan.
The money is already gone. Ask Khadra Haid and her brother Djama. She of the other half of Mr. Gelle. He, a figurehead who runs the Bank of Djibouti.
Did anyone say a word or spare a minute in prayer for the late Joy Joseph Manimury Regional Co-ordinator of Exim Bank , who lost his life in Djibouti?
Dr. Catherine Joseph Manimury