Ending Remote Control

After a decade of handling its business in Ethiopia through its Sub-Regional Office in Nairobi, Kenya, the International Financial Corporation (IFC), World Bank Group's private sector arm, last week signalled its direct dealings with the Ethiopian private sector following the official launch of its Addis Abeba office on Tuesday, November 25, 2008. There is no more "remote-control" between the global financier and local entrepreneurs. Above, Lars H. Thunell, executive vice president and CEO of...