The National Bank of Ethiopia has introduced Directive No. SBB/92/2024, which serves to regulate the investment activities of banks within the country. This directive is designed to effectively manage risks, encourage diversification of business activities, and establish clear investment limits. Key definitions are provided for terms such as “Bank,” “Banking Business,” “Capital Market Service Provider,” and...Read More

DABLO Law Firm LLP is pleased to announce a new collaborative partnership with the Asian Exporters’ Chamber of Commerce and Industry (AECCI). AECCI is a recognized and well-respected non-profit organization dedicated to promoting the private sector and fostering economic growth. Through this partnership, DABLO Law Firm LLP aims to leverage AECCI’s extensive network and expertise...Read More

A new directive has been issued by the Ministry of Finance, giving a new direction on the treatment of items exempt from Value Added Tax (“VAT”). With the intent to relieve certain economic stress observed in society, the Ministry of Finance (“MoF”) has revisited the exemptions of items from VAT. The Directive issued by the...Read More

Major changes are coming to the Ethiopian banking sector as the Council of Ministers approved a draft banking proclamation in its 35th ordinary meeting on June 14, 2024. This draft legislation, prompted by advancements in technology and the national economic landscape, paves the way for significant foreign participation in Ethiopian banking. As such, deliberations were...Read More

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...Read More

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’...Read More

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...Read More

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%....Read More

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...Read More

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 &...Read More