foreign exchange crunch Archives - Airspace Africa https://airspace-africa.com/tag/foreign-exchange-crunch/ Latest news and insights from the aviation and travel industry in Africa Thu, 13 Jul 2023 17:56:31 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://airspace-africa.com/wp-content/uploads/2021/05/cropped-African-Airspace-Logo-Favicon-01-32x32.png foreign exchange crunch Archives - Airspace Africa https://airspace-africa.com/tag/foreign-exchange-crunch/ 32 32 Ethiopian Airlines and Dangote Cement Swap Funds to Alleviate Forex Shortages https://airspace-africa.com/2023/07/13/ethiopian-airlines-and-dangote-cement-swap-funds-to-alleviate-forex-shortages/?utm_source=rss&utm_medium=rss&utm_campaign=ethiopian-airlines-and-dangote-cement-swap-funds-to-alleviate-forex-shortages https://airspace-africa.com/2023/07/13/ethiopian-airlines-and-dangote-cement-swap-funds-to-alleviate-forex-shortages/#respond Thu, 13 Jul 2023 17:56:31 +0000 https://airspace-africa.com/?p=10652 In an effort to address the severe shortages of hard currency plaguing Ethiopia and Nigeria, the central banks of both countries have reached an agreement to swap blocked funds. This landmark agreement involves the exchange of funds held by Dangote Cement in Ethiopia for those of Ethiopian Airlines in Nigeria, resulting in Ethiopian Airlines receiving [...]

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