Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday.
Prime Minister Abiy Ahmed's government has promised to open up sectors previously controlled by state firms to help drive foreign investment inflows and economic growth.
Ethiopia's banking industry is dominated by state-owned Commercial Bank of Ethiopia, and the sector has 29 players, all of them locally owned.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethiopia Arrests Dozens for Allegedr Coup plotEthiopian officials have arrested dozens of journalists, activists and campaigners as part of "decisive measures" against what they call extremist forces. The group of 47 people were detained for "executing a terrorist act" and allegedly attempting to overthrow the government in Amhara. According to state media, the joint task force said the group, which consists of academics, media owners, and activists based in Amhara and other regions as well as Addis Abeba, was found to be operating covertly. The statement indicated that the group was suspected of attempting to rally people on the basis of religion, ethnicity, and political radicalism to ensure that they should rule the country by promoting the idea that the public is currently under extreme government oppression; "They were planning to carry out a violent movement, declaring that they would liberate the populace. They were working to plunge the nation once more into crisis."
Read more »
Ethiopia: Dozens Arrested for Allegedly Trying to Overthrow Abiy's GovernmentEthiopian officials have arrested dozens of journalists, activists and campaigners as part of "decisive measures" against what they call extremist forces.The group of 47 people were detained for "executing a terrorist act" and allegedly attempting to overthrow the government in Amhara.
Read more »
Ethiopia: Security, Intelligence Task Force Detains 'Covert Group' Suspected of Working to 'Instigate Nation-Wide Conflict'The Joint Security and Intelligence Task Force in the capital announced that it has detained several members of "covert group" whom it accused of allegedly attempting to "instigate nation-wide conflict by carrying out assaults targeting senior government officials" in Addis Ababa, Bahirdar, Adama, and Dire Dawa.
Read more »
Ethiopia Arrests Dozens for Alleged Coup PlotEthiopian officials have arrested dozens of journalists, activists and campaigners as part of "decisive measures" against what they call extremist forces. The group of 47 people were detained for "executing a terrorist act" and allegedly attempting to overthrow the government in Amhara. According to state media, the joint task force said the group, which consists of academics, media owners, and activists based in Amhara and other regions as well as Addis Abeba, was found to be operating covertly. The statement indicated that the group was suspected of attempting to rally people on the basis of religion, ethnicity, and political radicalism to ensure that they should rule the country by promoting the idea that the public is currently under extreme government oppression; "They were planning to carry out a violent movement, declaring that they would liberate the populace. They were working to plunge the nation once more into crisis."
Read more »
Ethiopia-IMF currency compromise is key to limiting inflation, economist saysAbiy said in 2019 that borrowing from the IMF is like borrowing from your mother. But since then, much has happened from COVID19 to Tigray war. This time around, mother is looking for some lifestyle changes, notably in Ethiopia’s exchange-rate system.
Read more »
Fuel price: Cost of diesel to drop but petrol will be pricier on Wednesday | The CitizenGood news for those with diesel cars, but bad news for those using petrol. ⛽ PetrolDieselPrice petrolprice Find out more here ⬇️
Read more »