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

NBE Eases Trade Finance Rules and Rationalizes Letter of Credit Fees in Latest FX Reform

ADDIS ABABA, ETHIOPIA — May 25, 2026 — In a significant move to streamline international trade and reduce...

Ethiopia to Halt Ceramic Imports Next Year, PM Abiy Announces at Grandeur Factory Launch

MOJO, ETHIOPIA – Prime Minister Abiy Ahmed has announced that Ethiopia will completely substitute ceramic imports with domestic...

Disconnected by Design: Why Christopher Nolan and Haile Gerima Reject the Smartphone

In an era where the smartphone is treated as an extension of the human hand, choosing to step...

Ethiopia Unveils Plan to Export Oil and Gas Through Djibouti

The Horn of Africa is on the verge of a major energy boom. Following high-level talks at the...