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🇪🇹Parliament Approves Historic Law Allowing Foreign Banks in Ethiopia
🚀Ethiopia’s Parliament has passed a groundbreaking banking proclamation that opens the door for foreign banks to operate within the country’s financial sector.
The new law allows foreign banks to invest by purchasing shares in local banks and, with approval from the National Bank of Ethiopia, fully acquire them on a case-by-case basis. This move represents a significant milestone in liberalizing Ethiopia’s banking industry for international investors.
🔗 Linktr.ee/EthioAksion
🚀Ethiopia’s Parliament has passed a groundbreaking banking proclamation that opens the door for foreign banks to operate within the country’s financial sector.
The new law allows foreign banks to invest by purchasing shares in local banks and, with approval from the National Bank of Ethiopia, fully acquire them on a case-by-case basis. This move represents a significant milestone in liberalizing Ethiopia’s banking industry for international investors.
🔗 Linktr.ee/EthioAksion