A draft bill would let Ethiopian diaspora investors enter the banking sector


On 15 June 2019 The Reporter Ethiopia said a draft bill amending the restrictive banking and financial-services law had been tabled in the House so that diaspora Ethiopians could invest in banks under new rules.

A draft bill would let Ethiopian diaspora investors enter the banking sector

The proposal sat beside other financial-sector openings and marked a formal attempt to draw diaspora capital into domestic banking after years of closed ownership rules.

Kept as banking-reform archive, the Reporter story dates the June 2019 diaspora banking draft.

Sources: The Reporter Ethiopia