Ethiopia’s central bank opens doors to foreign lenders
Reform enables international participation in country’s banking sector
Ethiopia’s central bank issued a directive yesterday (June 25) paving the way for foreign banks and investors to participate in the country’s banking industry.
The National Bank of Ethiopia (NBE) said the move marked the latest stage in the country’s progress towards financial liberalisation and was effective immediately.
It added that the new regulatory framework was the culmination of year-long consultations with a range of stakeholders.
The NBE said foreign banks, strategic investors and
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