Ethiopia May Allow Overseas Lenders to Own 30% of Local Banks
- Prime minister pledged in 2018 to open economy to foreigners
- Nation is among most-populous and largest economies in Africa
Pedestrians pass an automated teller machine operated by the Commercial Bank of Ethiopia in Addis Ababa, Ethiopia.
Photographer: Xaume OllerosThis article is for subscribers only.
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Ethiopia plans to allow overseas lenders to acquire up to 30% in its commercial banks, the latest step by the government to encourage investment in one of Africa’s biggest economies.