Ethiopia not ready for foreign investment in telecoms, banking — president
Polish President Andrzej Duda (L) and his Ethiopian counterpart Mulatu Teshome Wirtu inspect an honour guard during a welcoming ceremony at the presidential palace in Warsaw, Poland, on April 24, 2018. AFP PHOTO | JANEK SKARZYNSKI
Ethiopia is not yet ready for foreign investments in its telecoms and banking sectors, but is interested in developing its manufacturing, Ethiopian President Mulatu Teshome Wirtu said on Tuesday.
The country, which has one of the last state telecoms monopolies on the continent, has let foreign companies including fashion chain H&M set up factories in a decade-long push to change the economic focus from agriculture to manufacturing.
