Ethiopia Parliament gives nod for entry of foreign banks

Ethiopian MPs listen to Prime Minister Abiy Ahmed as he addresses them on the current situation of the country, at the Parliament Building in Addis Ababa, Ethiopia on October 31, 2024. PHOTO | REUTERS

By  REUTERS

REUTERS

What you need to know:

  • The new law allows external lenders to open branches and subsidiaries in Ethiopia, or purchase shares in existing local banks

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