Ethiopia's PM Abiy Ahmed plans to allow foreign property ownership and ease retail restrictions to attract investors.

Ethiopia's PM Abiy Ahmed plans to allow foreigners to own real estate and open up retailing to international companies to attract investors and improve its finances. The government aims to introduce legislation for foreign property ownership and ease restrictions in the retail sector. Ethiopia, with 120 million people, has $28bn external debt and faces inflation challenges and a shortage of foreign currency reserves.

March 24, 2024
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