Abe Sano sees risk in opening Ethiopia’s banking sector door wide to foreign investors. He advises share restrictions as remedyAbe Sano, president of Commercial Bank of Ethiopia (Photo : public domain)borkenaThe Ethiopian government on Saturday announced that it is opening up the banking sector to foreign investors. They see that the banking sector in Ethiopia is not fit enough to compete with giant foreign banks. But to avoid harm to local banks, there is a need to limit shares to expatriate banks. He seems to be suggesting that local banks be higher shareholders when the banking market opens for foreign investors.

Source: Ethiopian News September 05, 2022 01:50 UTC