The recent loan amendment is now inclusive of khat exporters following the order given to banks to give loans to khat exporters from NBE.
Of the $ 3.6 billion exported last year, khat accounted for 11%, far more than sesame oil. Seifedin Mustafa, who has more than a decade of experience in exporting khat, told The Reporter that the loan approval process plays an important role in covering operating expenses. It also solves the problem of debt consolidation. He added that it would allow them to make more payments faster.
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