7 airlines that the oldest Ethiopian Airlines is wrapping into its own property

#Ethiopia Different perceptions of support and resistance are reflected in the entry of foreign banks into the Ethiopian market. Since it is worth waiting for the publication of an implementation guide to critique or support the policy in detail, I will only provide an overview of the ideas and points of interest for today's package.

One of the prerequisites for joining the World Market Organization (WTO) is the opening up of institutions such as banks and telecommunications to foreign investors. Therefore, it is known that the issue of the entry of foreign banks into the banking industry in our country is only a matter of time.

The question that is now debatable is whether the time is right for banks to enter the market. What is the capacity and organization of the government, national banks and local banks? How legal is our market structure and less vulnerable to crime and criminals?

Paying taxes, collecting information and how secure is our information technology and is it vulnerable to hacking would be such issues.

It is known that foreign banks come to our country in search of existing and new markets, customers and profits, so they are very concerned about the country's development and do not have development ideals.

It should be noted that since the country they joined was not their own, they would never stop making money as long as they made profits and this was not a legal obligation but a moral issue that he rarely bothered with.

In contrast, local banks are partners of their country, government and development beyond profit, and have many extrajudicial voluntary obligations and moral challenges, so competition can put different pressures on them.

The notion that foreign banks bring in a lot of money is exaggerated and mostly misinformed. Foreign banks would not want to import large amounts of foreign currency and exchange it for silver. It is assumed that they will not focus on existing markets and currencies.

Since there is little opportunity for them to take their profits abroad in foreign currency and unless they are forced to take risks, responsibilities and obligations (risks) on the money they spend to build their headquarters, banking is an operating sector. with minimal investment by hiring partners, providing materials and raising money.

Another reason is that local banks open branches wherever they can, regardless of whether it is profitable or not, in terms of accessibility and service to the people.

 However, foreign banks may not only focus on areas where prosperity and economic potential are widespread, so other regions and communities may not be able to receive banking services due to the lack of capacity created by competition.