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://www.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

The Passport He Borrowed, The Debt They Forgot: What if Ethiopia Had Turned Mandela Away?

In 1962, a man with no legal country arrived in Addis Ababa. He was a fugitive from an...

Addis Ababa Proposes Historic Half-Trillion Birr Budget: What It Means for Residents

A massive 43% budget surge is coming to Ethiopia's capital. From massive road projects to low-income subsidies, see...

Why Africa’s Largest Airline Just Bought a Tiny Canadian Plane

Ethiopian Airlines is famous for its massive fleet of long-haul Boeing and Airbus jets, but its latest acquisition...

Addis Gessesse, Visionary Who Elevated Ethiopian Music to the World Stage, Passes Away

The global music industry and the Ethiopian diaspora are in deep mourning following the sudden passing of visionary...