{"id":466877,"date":"2023-11-15T12:48:22","date_gmt":"2023-11-15T17:48:22","guid":{"rendered":"https:\/\/mereja.com\/index\/?p=466877"},"modified":"2023-11-15T12:48:22","modified_gmt":"2023-11-15T17:48:22","slug":"foreign-owned-finance-group-exits-ethiopia-due-to-foreign-exchange-limitations-the-financial-times","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/466877","title":{"rendered":"Foreign-Owned Finance Group Exits Ethiopia Due to Foreign Exchange Limitations &#8211; The Financial Times"},"content":{"rendered":"<p>The only foreign-owned financial services company operating in Ethiopia is pulling out of east Africa\u2019s largest economy because of foreign exchange constraints, in a blow to efforts by Prime Minister Abiy Ahmed to attract investors.<\/p>\n<p>Ethio Lease, a unit of New York-based African Asset Finance Company, is the first and only foreign group to secure a financial services licence to operate in Ethiopia. It is also the first company to lease imported equipment, including farm machinery and medical products, in the country of 120mn people.<\/p>\n<p>\u201cThis is a huge loss for Ethiopia,\u201d said Girma Wake, Ethio Lease\u2019s Addis Ababa-based chair. [\u2026] <a href=\"https:\/\/www.ft.com\/content\/95b97c87-1194-496d-9055-4ed8270fda88\">CONTINUE READING <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The only foreign-owned financial services company operating in Ethiopia is pulling out of east Africa\u2019s largest economy because of foreign exchange constraints, in a blow to efforts by Prime Minister Abiy Ahmed to attract investors. Ethio Lease, a unit of New York-based African Asset Finance Company, is the first and only foreign group to secure [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":466878,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-466877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethiopian-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/mereja.com\/index\/wp-content\/uploads\/2023\/11\/Foreign-Owned-Finance-Group-Exits-Ethiopia-Due-to-Foreign-Exchange-Limitations.jpg?fit=790%2C399&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-1Xsh","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/466877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=466877"}],"version-history":[{"count":1,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/466877\/revisions"}],"predecessor-version":[{"id":466879,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/466877\/revisions\/466879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media\/466878"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=466877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=466877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=466877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}