Kenyan Banks Likely to Flood Ethiopia After Last Hurdle Removed
submitted about 1 year ago by Samuelwriter_ke
submitted about 1 year ago by Samuelwriter_ke
- Ethiopian lawmakers approved a new banking law allowing foreign banks, including Kenyan banks, to enter Ethiopia's financial sector.
- Foreign banks can open subsidiaries in Ethiopia, but their combined shareholding is limited to 49%, with the remaining shares required to be owned by Ethiopians.
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