Foreign banks will soon be able to hold up to 30% shares in Ethiopian commercial banks. The initiative taken by the Ethiopian government should help encourage investment in the country. According to Bloomberg, an Ethiopian cabinet draft distributed to domestic banks on October 5 stipulates the amount of equity foreigners can buy. The move comes after the government last month announced plans to ease restrictions on bank ownership and honor Prime Minister Abiy Ahmed’s pledge to open the economy to foreign investors. The Prime Minister’s Office then said
This content is reserved for Premium members of the site. If you are already a subscriber, log in.
New users can register below.
Related posts:
Nightmare at Dalaman Airport: The Shaw Family's Turbulent Return from Turkey
New Models of Small and Affordable Electric Cars in Puerto Rico: A Promising Solution to Air Polluti...
The stability of coastal countries threatened by the security crisis in the Sahel
Two Arab companies are on the list.. Here are the 10 best airlines in the world
Closing the drama 'Down Carthip', the showroom brings the car to the front of the house. Ready to p...
GPT-5 raises concerns about AI security risks Musk took the lead in petitioning to stop Zhou Hongyi'...
3 creative DIY tips for making your own interior decoration at low prices
Unemployment insurance: minimum agreement between employers and unions