By William Davison
A Chinese contractor and local labourers work at a metro-line station in Ethiopia’s capital Addis Ababa
When members of Ethiopia’s banking and business community gathered in the glitzy Sheraton Addis for an audience with the reform-minded new prime minister, Abiy Ahmed, in the middle of April, any hopes for an opening up of the financial sector were dashed: they were told there would be no liberalization of the banking sector, which bars foreign ownership, according to Reuters.
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