27-04-2015 14:52 via news.yahoo.com

Turkish state lender Ziraat aims to open Ethiopia office -minister

Turkey's state-owned Ziraat Bank [TCZIR.UL] hopes to open a representative office in Ethiopia by the end of the year, Economy Minister Nihat Zeybekci said on Monday, becoming a rare entrant into a market largely closed to foreigners. Foreign banks have long sought to enter Ethiopia. Economic growth in Africa's second most populous nation averaged more than 9 percent a year between 2005 and 2013, World Bank figures show, and the government is investing heavily in new roads and power pla
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