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Ethiopia embarks on financial sector reforms to attract foreign investment

The government of Ethiopia has implemented numerous reforms in the country’s financial sector aimed at liberalizing the sector. This aims to increase the flow of foreign currency into the country through formal channels, encourage saving and investments by Ethiopians abroad, boost the country’s foreign exchange reserves, and ease Ethiopia’s balance of payment problem. Zemedeneh Negatu, Global Chairman at Fairfax Africa Fund spoke to CNBC Africa for more.
Thu, 10 Dec 2020 10:00:50 GMT