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Ethiopia’s New Banking Proclamation Allows Foreign Bank Entry

A new banking business proclamation approved by Ethiopia’s parliament now allows foreign banks to enter the Ethiopian market.

The proclamation outlines rules for foreign bank operations, including ownership limits (49% maximum foreign ownership) and requirements for local board representation. This policy shift is expected to bring significant changes to Ethiopia’s financial sector. #Ethiopia #BankingProclamation #ForeignBanks #FinancialReform #AfricaBusiness

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