GIZE PLC

Foreign investors can now repatriate net profits and dividends abroad without prior approval from the National Bank of Ethiopia.

Good News for Foreign Investors in Ethiopia

Ethiopia has taken a major step forward in strengthening investor confidence.

The National Bank of Ethiopia has officially confirmed that foreign investors can now repatriate net profits and dividends abroad without prior approval from the National Bank of Ethiopia.

As long as the required documents are submitted to the commercial bank, profit and dividend remittance is guaranteed.

No NBE approval
Faster processing
Strong alignment with international best practice

This reform sends a clear message to global investors:

Your capital is welcome.
Your returns are respected.
Your exit is protected.

Congratulations to all foreign investors choosing Ethiopia—a market that is reforming, opening, and positioning itself for sustainable growth.

DANGOTE INKS $350M DEAL TO DOUBLE LAGOS REFINERY CAPACITY 🛢️

Dangote Group has signed a $350 million deal with India’s EIL to expand its Lagos refinery, boosting capacity from 650,000 to 1.4 million barrels per day. The project strengthens Nigeria’s 🇳🇬 , cuts , expands output, and positions the country as a regional export hub.

https://mambo.biz/dangote-seals-350-million-deal-with-indian-firm-eil-to-double-lagos-refinery-capacity/ (FULL STORY)