05
May
Ethiopia plans to grant five banking licenses to foreign investors who are interested in working in the banking sector in the next five years. According to Reuters, the deputy governor of the National Bank, Solomon Desita, will grant banking licenses to upto five foreign investors who want to work in Ethiopia's banking sector. Mr Solomon stated that, this aims to open up the country's financial sector services to foreign competitors. So far, the banking sector has remained closed to foreign investors. It has been announced that it will be open to foreign competitors in the next five years. In addition,…
