Ethiopia restricts Entry of Foreign Firms in the financial sector
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Ethiopia restricts Entry of Foreign Firms in the financial sector

ByEditorial

Ethiopia has issued a new directive that allows diaspora and local enterprises engage in provision of mobile money services. The directive has however prohibited the entry of foreign companies in the sector- a roadblock for companies like M-PESA that have been planning to enter into the Ethiopian market this year.  According to the directive, the…