Parliament has legislated two bills that will enable the Ethiopian diaspora to invest in banking and banks, as well as consider movable assets as collateral. Attended by 310 members of the parliament, the session held on June 13, 2019, legislated the two bills with majority votes. The first proclamation, for movable assets, will enable low-income populations such as smallholder farmers, lower-scale entrepreneurs to secure loans for investment and job creation purposes. The second proclamation that allows foreign nationals of Ethiopian origin to invest in the banking sector aims at creating fertile ground for Ethiopian diaspora to take advantage of the comprehensive changes underway in their country of origin.
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Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
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Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
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Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
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