Addis Abeba -- After years of anticipation, lawmakers have approved the long-awaited banking business proclamation, paving the way for foreign banks to enter Ethiopia's financial sector.

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Ethiopia: Parliament Approves Banking Proclamation, Allowing Foreign Banks to Enter Ethiopia's Financial Sector

Approval comes after 6 months of deliberation after Council of Ministers passed draft version of proclamation - Anadolu Ajansı

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Since taking power in 2018, Prime Minister Abiy Ahmed has been a vocal supporter of opening up the heavily state-controlled economy to competition and foreign investment

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Ethiopia opens banking sector to foreign investment

News Ghana, Latest Updates and Breaking News of Ghana, Xinhua, https://newsghana.com.gh/ethiopian-parliament-approves-bill-to-allow-foreign-banks/The Ethiopian House of Peoples’ Representatives (HoPR), the lower chamber of parliament, has passed a bill that allows foreign banks to operate in the country. During its regular session on Tuesday, the HoPR reviewed and passed the Banking Business Proclamation, marking a significant step toward openin…

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Ethiopian Parliament Approves Bill to Allow Foreign Banks

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Ethiopia opens its banking sector to foreign investment - THE BHARAT EXPRESS NEWS

Ethiopia’s Parliament has approved a bill allowing foreign banks to establish operations in the country, paving the way for the long-awaited expansion of regional lenders

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Ethiopia Parliament gives nod for entry of foreign banks

The law comes after the International Monetary Fund (IMF) approved a $3.4bn bailout for Ethiopia in this past July.The post Ethiopia opens banking sector to foreign investment appeared first on Investment Monitor.

Investment Monitor

Ethiopia will partially open its banking sector to foreign banks following a vote by lawmakers on Tuesday, according to local media group FanaBC. Since taking power in 2018, Prime Minister Abiy Ahmed has been a vocal supporter of opening up the heavily state-controlled economy to competition and foreign investment. But internal conflicts — including a devastating civil war in the northern Tigray region between 2020 and 2022 — have led to sanctio…

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The Ethiopian House of Peoples Representatives (HoPR), the lower chamber of parliament, has passed a bill that allows foreign banks to operate in the .....

Ethiopia: Parliament Approves Banking Proclamation, Allowing Foreign Banks to Enter Ethiopia's Financial Sector

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