The National Bank of Ethiopia (NBE), the agency in charge of regulating the financial sector of the country, is set to introduce a regulation that will allow Ethiopians in the diaspora to invest in the financial sector. The financial sector of Ethiopia has been closed for Ethiopians living abroad holding a foreign country passport. For long Ethiopians in the diaspora have been demanding the government to invest in banking, insurance and micro finance. The decision of the NBE to allow the Ethiopians in the diaspora is expected to boost the performance of the financial sector of Ethiopia. Investors from across the globe have been expecting Ethiopia for long time to open its financial sector for them.

Source: News Business Ethiopia February 20, 2019 13:56 UTC