Business News

Libya Agrees to End Fuel Subsidies: Economic Reform Plan

Libya’s government has taken a significant step towards economic reform by agreeing to phase out its costly fuel subsidies. This long-awaited decision, while potentially controversial, is seen as crucial for addressing the country’s persistent economic challenges and improving the lives of its citizens in the long run. The move is part of a broader economic […]

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Insurance Services
Business News

Ethiopia Opens Banking Sector to Foreign Competition

Ethiopia, a nation long known for its closed financial system, has taken a significant leap towards economic liberalization. A new law passed in December 2024 opens the country’s banking sector to foreign competition, marking a pivotal moment for its economic future. This move is expected to inject much-needed capital, innovation, and expertise into the Ethiopian […]

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