To encourage foreign investment and economic progress, the administration of Prime Minister Abiy Ahmed has committed to liberalizing markets previously monopolized by state-owned enterprises.
According to an Ethiopian senior central bank official, Ethiopia would grant up to five bank licenses to foreign investors over the course of the following five years as part of efforts to allow international competition in the financial services industry.
According to Desta, international investors would have a variety of entry possibilities, such as creating local subsidiaries or joining up with existing domestic firms.
