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The Ethiopian Authority for Civil Society Organizations (ACSO) has issued Directive No. 1002/2024, which will become effective upon its digital publication on the Ministry of Justice’s website. The Directive aims to monitor and control the performance of all CSOs in Ethiopia registered based on the purpose of their establishment and to investigate whether their work...
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The Ethiopian Investment Board has issued a new Directive outlining the conditions under which foreign investors can engage in specific trade activities previously reserved for domestic businesses. This transparency aims to attract foreign investment while ensuring a level playing field for Ethiopian enterprises. The Directive is titled “Ethiopian Investment Board Directive to Regulate Foreign Investors’...
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Personal Data Protection Proclamation, Ethiopia
The Ethiopian Parliament has taken a significant step towards safeguarding individual privacy with the passage of the Personal Data Protection Proclamation (Proclamation No. 1321/2024). This comprehensive legislation establishes a robust legal framework for data protection in Ethiopia. Salient Features of the Proclamation: Individual Rights: The Proclamation empowers Ethiopians with greater control over their personal data. It...
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Addis Ababa Implements Revised Fixed Prices for House Sales Transaction Tax
The Addis Ababa City Administration has introduced a revised fixed-price rate to calculate transaction taxes for house sales. The revised rate will be applied to calculate stamp duty (2%), Capital gain tax, and Ashura (4%) fees. This revision notably reduces the previous predetermined fixed price for condominiums and apartments, averaging a decrease of approximately 34%....
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The FDRE House of People’s Representatives ratified a new Residential Property rent Control and Administration Proclamation no. 1320/2016 that establishes a regulatory body to oversee residential property rent fees in Addis Ababa, Dire Dewa, and other regional cities. The regulatory entity will determine allowable rent fees by taking into account the country’s existing and prevailing...
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We are thrilled to announce that DABLO Law Firm LLP has been ranked as a leading law firm in the Ethiopia category of The Legal 500 EMEA 2024. This prestigious recognition reflects our unwavering commitment to delivering the highest quality legal services to our clients. Additionally, our esteemed Managing Partners, Dawit Kidane, Addisu Hailegeberiel &...
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Legal500 leading law firm Ethiopia
DABLO Law Firm has been recognized in The Legal 500 rankings as a leading law firm in Ethiopia. Africa Legal found out how the firm achieved this and what their plans are for the future. DABLO Law Firm LLP is a leading law firm in Ethiopia with a strong focus on dispute resolution and corporate...
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Bruk Geremew, the managing partner, recently participated in the Alliot Global Alliance (AGA) event, marking his second significant international networking experience.The event provided valuable insights and opportunities, particularly for Bruk as a new member of the alliance. He was given the unique platform to share the firm’s story through a Q&A session, introducing its history...
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The National Bank of Ethiopia (NBE) amends the limit of Birr and foreign currency holdings within the territory of the country. The Limits on Birr and Foreign Currency Holding in the Territory of Ethiopia (as Amended) Directive No. FXD/87/2024, “hereinafter the New Directive,” replaces the previous FXD/81/2022 Directive coming into effect on February 22, 2024....
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MEASA 2024
DABLO Law Firm LLP’s Deputy Managing Partner, Bruk Geremew, will be attending the 2024 MEASA Conference in Dubai, UAE, on the 22nd and 23rd of February 2024. This marks the Firm’s first Alliott Global Alliance® conference participation since its membership at the end of last year. If you would love to connect at the Conference,...
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