https://en.sputniknews.africa/20250626/ethiopia-begins-accepting-license-applications-from-international-banks--investors-1074744391.html
Ethiopia Begins Accepting License Applications From International Banks & Investors
Ethiopia Begins Accepting License Applications From International Banks & Investors
Sputnik Africa
The move aims to boost overseas investment and is part of a broader reform program supported by a $3.4 billion IMF agreement. 26.06.2025, Sputnik Africa
2025-06-26T09:29+0200
2025-06-26T09:29+0200
2025-06-26T09:29+0200
sub-saharan africa
ethiopia
international monetary fund (imf)
east africa
bank
investment
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The move aims to boost overseas investment and is part of a broader reform program supported by a $3.4 billion IMF agreement. The reforms include floating its currency and restructuring $8.4 billion in debt. In December, Ethiopia approved a law permitting foreign banks to establish subsidiaries, branches, representative offices, or acquire equity stakes in local banks. However, a separate directive limits foreign strategic investors to a maximum 40% ownership stake in local banks.
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east africa
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ethiopia, international monetary fund (imf), east africa, bank, investment
ethiopia, international monetary fund (imf), east africa, bank, investment
Ethiopia Begins Accepting License Applications From International Banks & Investors
The move aims to boost overseas investment and is part of a broader reform program supported by a $3.4 billion IMF agreement.
The reforms include floating its currency and restructuring $8.4 billion in debt.
In December, Ethiopia approved a law permitting foreign banks to establish subsidiaries, branches, representative offices, or acquire equity stakes in local banks.
However, a separate directive limits foreign strategic investors to a maximum 40% ownership stake in local banks.
