A hotel being built on the top of a hill in the Amhara region of Ethiopia, seen in October 2018. It now plans to open that market up, with legislation supposedly in the final states.
Ethiopia's Prime Minister Abiy Ahmed has unveiled plans to allow foreign nationals to buy real estate and to open up retailing to international companies.The announcement came as Africa's second most populous country, with about 120 million people, seeks to shore up its finances. The landlocked country has about $28 billion of external debt and is also grappling with sky-high inflation and a shortage of foreign currency reserves.
But in recent years the state of the economy has deteriorated sharply and the will to continue the reforms has largely stalled.
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