As oppose to the push by the international financial institutions, a new study by the renowned professor of Economics at the Addis Ababa University, Alemayehu Geda advices Ethiopian government to not to rush to banking sector liberalization.
The Ethiopian Parliament today passes the African Continental Free Trade Area (AfCFTA) by officially beginning its journey to liberalization of the long awaited financial sector.
The National Bank of Ethiopia (NBE), the agency in charge of regulating the financial sector of the country, is set to introduce a regulation that will allow Ethiopians in the diaspora to invest in the financial sector.
Prime Minister Abiy Ahmed of Ethiopia held discussions with heads and representatives of financial institutions to discuss the current reforms within the sector.
