🔓 Opening The Big Gate

Welcome to the 63rd edition of ፍራንክ Digest!

Your weekly brief on all things Finance and Investing. Quick, enjoyable reads for busy professionals in 5 minutes or less.

Here’s what’s coming your way:

• ⚡ BUZZ: Policy Greenlights Foreign Ownership of Big Things

• 🥇 Stablecoin: Wins a Genius Act Badge 

• 🗝️ The Key Takeaways

Thanks for reading!

BUZZ: Your New Neighbors Could Be Ernesto and Xi Fung Soon

Investment

A committee that goes by the name of The House’s Urban, Infrastructure, and Transport Affairs Standing introduced a proclamation that would allow foreigners to own ‘Immovable Property’.

Immovable doesn’t mean mountains. Although how cool would that be? Gazing over the horizon, looking over at the top and saying to your friends, “That’s mine. Here is the deed!”

For a cool initial investment of USD 150,000, someone with a passport without the words ‘The Federal Democratic Republic of Ethiopia’ on it can lease the land from the government and either develop or purchase the property on it.

Adding Fuel To Fire?

Now, it doesn’t specifically say where that the $150k investment should be parked or if it just needs to be shown on a bank statement but critics are saying that the amount presents a low barrier to entry, the move could potentially 🎈 the housing market, brewing up unaffordability even further.

Now the concern is, with property prices already sky high and an uneven distribution of wealth, isn’t this new bill throwing a wrench into the promise of fair and equal property ownership? Fair to say ሚዛን አልጠበቀም ⚖️

Well, there’s the other side of the story