Tuesday, August 16, 2022
HomeNewsAfricaEthiopia’s banks pushed to bulk up before market opens

Ethiopia’s banks pushed to bulk up before market opens

When the state-owned Commercial Bank of Ethiopia, which has over $16bn in assets, inaugurated its new high-rise HQ in February this year, Prime Minister Abiy warned the financial sector would not remain closed for long.

“The protection provided for the past 30 years will not be any longer,” said the prime minister addressing local banks “As we will open up to the world, you should ready yourselves.”

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