Prime Minister Abiy Ahmed has promised to open sectors previously controlled by state firms to help drive foreign investment inflows and economic growth. Ethiopia’s banking industry is dominated by state-owned Commercial Bank of Ethiopia, and the sector has 29 players, all of them locally owned. Foreign investors have long eyed sectors including banking, telecoms, transportation, and aviation. Two years ago, Ethiopia’s government granted a telecoms license to a private operator to break the monopoly of state-owned Ethio Telecom.
Source : CNBC Africa
