Ethiopia opens doors for Kenyan banks

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    Ethiopia has constituted a committee to liberalise the banking sector, taking a major step in opening the door for Kenyan lenders such as KCB Group to set up operations in the populous nation.

    At present Ethiopia has 18 commercial lenders, two of which are state-owned, according to the central bank.

    Equity Group and KCB Group have already expressed ambitions to run fully-fledged operations in the neighbouring country.

    SOURCEBusiness Daily
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