Beyond ensuring stability, we’re looking to modernise the sector and open it up to foreign investment, while also increasing and deepening financial inclusion. Q: Will foreign banks be able to acquire shares — including majority stakes — in existing banks? Q: In September, the NBE approved the opening of offshore accounts for strategic foreign investors in the country. The offshore account exemption for strategic investors is a response to a long-standing request from the foreign investment community in the country. I don’t think that their withdrawal says anything about the opportunities now becoming available for foreign investors in the banking as well as capital markets space in Ethiopia.

Source: Ethiopian News November 28, 2023 07:19 UTC