"Currently we are discussing (with) players in the financial sector in Ethiopia. The government of Prime Minister Abiy Ahmed has been pursuing a broad plan to open the Horn of African country's economy to private investors, including foreign players to help boost growth and revenues. Ethiopia's telecommunications sector, once a monopoly of state-owned Ethio Telecom, has been opened to private players. The banking sector too, previously restricted to the government and domestic investors, has been opened to foreign players. +254 20 499 1232; Reuters Messaging: elias.biryabarema.thomsonreuters.com@reuters.net))The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Ethiopian News May 17, 2023 10:36 UTC