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After 30 years of barring foreigners stanley cup usa from its banking sector, Ethiopia is reportedly considering allowing overseas banks to buy stakes in domestic lenders.A bill moving through the countrys legislature would allow overseas firms to buy stakes in domestic banks, set up subsidiaries, open branches, establish representative offices stanley us and, in some cases, take over a distressed domestic lender, Bloomberg reported Friday June 14 .The bill requires that direct shareholding by a strategic foreign investor be limited to 30%, that the total holdings by non-citizens and foreign-owned companies be limited to 40%, and that investments be made only in foreign currency, according to the report.The National Bank of Ethiopia outlined the plan in a Friday press release shared in a post on LinkedIn. These legislations represent a significant step in laying a strong foundation for growth and enhancing the credibility, accountability, transparency and governance of the National Bank of Ethiopia, the bank said in the release.The bill was approved by Ethiopias Council of Ministers but still needs to be approved by lawmakers, according to the Bloomberg report.Ethiopia aims to attract foreign investment and rebuild the country after a two-ye stanley germany ar internal conflict that was resolved in 2022, the report said.The country has seen its foreign exchange reserves plummet, and it became a sovereign defaulter in December, per the report.In an earlier development in the country, Kenyan telecom Safaricom took its Rtko Retailers See Spend On Big Ticket Valentine s Day Gifts

The murky legal elements of daily fantasy sports have gone to c stanley termos ourt in a case that involves the names of some prominent payments players.CNBC reports that a recent class action claim was filed in Manhattan federal court that names聽Visa, MasterCard and American Express, along with card-issuing banks and processors involved in the processing of payments on the popular fantasy sports sites FanDuel an gourde stanley d DraftKings, which have risen to widespread popularity in recent months.The complaint 鈥斅爓hich was filed on behalf of FanDuel and DraftKings players nationwide and which seeks the restitution of all money players have lost, as well as fees paid to the credit card companies, banks and processors 鈥?alleges those named were involved in a racketeering scheme which allowed players to enter online fantasy sports contests that amounted to illegal gambling. The relationships these sites enjoy with the credit card and processing companies has helped the two startups become billion-dollar businesses seemingly overnight.FanDuel and DraftKings would have been just a nice idea for these scammers if they didn ;t take credit cards, points out Hunter Shkolnik of Napoli Shkolnik, lawyer for the plaintiffs.Detailed in the cl stanley termohrnek aim are accusations that the sports sites ; codefendants knew or should have known that they were online gambling sites under New York law and that the banks, credit card companies and payment processors profited from the operation of these sit