by Elleni Araya, Fortune Staff Writer – Posted by The Ethiopia Observatory
The National Bank of Ethiopia (NBE) is considering a revision of the mobile and agent banking directive issued in January 2013. The move comes after concerns that foreign companies may become involved in the Ethiopian financial sector.
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Tags: blocking foreign banks, Dutch Bell Cash, foreign financial interests, Irish M-Birrr, local banks as backdoor, mobile banking directive, national bank of ethiopia, revision underway
"When they [government officials] first came they told us an investor was coming and we would develop the land alongside one another. They didn't say the land would be taken away from us entirely. I don't understand why the government took the land."
Farmer Gemechu Garbaba
His wife adds:
"Since the land was taken away from us we are impoverished. Nothing has gone right for us, since these investors came."
Africa succumbs to colonial-style land grab
Channel 4 News, 7 January 2012
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