A proclamation has been presented that would allow local financial institutions to form subsidiaries. The draft proclamation for the banking industry also suggests the establishment of specialized financial institutions. The parliament is eagerly awaiting the proclamation that will allow foreign investors to participate in Ethiopia’s banking sector. As a result, a provision for the creation of subsidiaries has been included in the draft proclamation. As a player in the nation’s specialized banking sector, there is interest in investing in the financial sector.

Source: Ethiopian News June 20, 2024 08:44 UTC