Ethiopia's Prime Minister Abiy Ahmed waits for the arrival of European Commission President Ursula von der Leyen before their meeting in Addis Ababa, Ethiopia December 7, 2019. When Abiy took office in 2018, he pledged to overhaul sectors like telecoms and financial services. Measures to open up the telecoms sector are underway, with a consortium comprising Kenya's Safaricom (SCOM.NR), South Africa's Vodacom, Britain's Vodafone and Japan's Sumitomo building a network after obtaining an operating licence last year. Register now for FREE unlimited access to Reuters.com RegisterThe fact that Ethiopia has closed its doors to foreign banks has benefited the sector until now, Abiy told lawmakers. Register now for FREE unlimited access to Reuters.com RegisterReporting by Addis Ababa Newsroom; Writing by George Obulutsa; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Source: Ethiopian News February 23, 2022 04:11 UTC