The latest developments in the Ethiopian banking industry
12 September 2022

The latest Council of Ministers meeting earlier this month approved the long-awaited policy that allows foreign investors to invest in the Ethiopian banking industry.

Given that foreign banks stopped operating in Ethiopia when the Derg took power, the opening-up of the banking industry is expected to boost investment and expand access to other monopolised industries in the country.

Our Ethiopia Team examines the developments in the document available here.