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Ethiopia Opens Banking Licenses to Foreign Banks

Source: Ethiopia central bank says foreign banks can apply for licences (2025-06-27)

Ethiopia's central bank announced that foreign banks can apply for licenses to operate in the country starting in 2025. This move aims to boost competition, improve banking services, and support economic growth by attracting international financial institutions. The decision marks a significant shift in Ethiopia's banking sector, which has been largely dominated by domestic banks. The central bank emphasized that foreign banks will need to meet specific regulatory requirements and adhere to local laws, with the licensing process beginning next year.

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