Council of Ministers approved the opening up of the banking sector to foreign investors

Date:

Share post:

Today, in the 13th regular meeting held by the Cabinet of Ministers, the draft policy to open up the banking sector to foreign_investors was discussed and decided to be put into effect.

 

The draft policy that was proposed to councils of ministers lifts the restriction of the opening up of the banking sector to foreign investors. Which is aimed at supporting the services of the sector with knowledge and technology, moving the country’s economy to a higher level, to increase the competitiveness, effectiveness, and efficiency of the financial sector.

Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.

Related articles

From Birthrights to Aid Freezes: Ethiopia Caught in Trump’s Policy Crossfire

On January 20, 2025, President Donald Trump issued a series of executive orders that have significant implications for...

Marcus Samuelsson’s Latest Creation, The Adwa Dish, Redefines the Global Food Scene

Marcus Samuelsson’s upcoming addition to the Marcus Addis menu, Adwa, is more than just a culinary creation—it’s a...

Ethiopia’s Debt Reaches $68.86 Billion: What’s Next

Ethiopia’s Debt Reaches $68.86 Billion: Insights from the Ministry of FinanceEthiopia’s public debt has reached a total of...

Ethiopia’s Coffee Exports Hit $988 Million in Six Months, Powered by Nekmet’s Global Surge

Key TakeawaysEthiopia exports 240,260 tons of coffee in six months, hitting 153% of planned volumeRevenue totals $988 million,...