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Legal Update
Special Economic Zone
Download the PDF version of the full Legal Update here:Download Throughout the years, the development and implementation of aspects of industrial parks have been one of the identifying traits of the Ethiopian investment schemes to boost trade and attract foreign investment. Key policy considerations were taken throughout the development and implementation of industrial parks, some...
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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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The Federal Authority for Civil Societies Organizations (ACSO) in Ethiopia has issued Directive No. 986/2024, outlining key procedures for the registration and administration of foreign civil society organizations operating within the country. This marks a significant step towards clarifying existing ambiguities and establishing a more cooperative environment for foreign CSOs to contribute to Ethiopia’s development....
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Ethiopia’s vast untapped natural resource potential presents a significant opportunity for the country to develop its energy sector, enhance energy access, and promote sustainable development. Dawit Kidane shared his insight on disputes in this sector at the Africa Energy Dispute Resolution Roundtable. The recent Africa Energy Dispute Resolution Roundtable, hosted by the UK Ministry of Justice GREAT...
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Ethiopia Capital Market Services Providers Licensing and Supervision Directive no 980-2014
Ethiopian businesses and investors eagerly awaited the news today, as the Ethiopian Capital Market Authority (ECMA) announced the official registration of the “Capital Market Service Providers Licensing and Supervision Directive No. 980/2024.” This landmark directive serves as the foundation for a robust legal framework, governing everything from licensable activities within the capital market to the...
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Across Africa, young innovators are wielding tech like a wand, tackling problems from finance to healthcare with fresh, digital solutions. Fintech platforms are streamlining online transactions, delivery services are zipping goods around cities, and digital marketplaces are connecting buyers and sellers like never before. This entrepreneurial surge is fueled by rising internet penetration, a tech-savvy...
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The National Bank of Ethiopia (NBE) issued a circular letter asserting that any interest-bearing loan agreement between individuals or companies other than financial institutions is illegal. It addressed the October 9 letter to the Federal Documents Authentication and Registration Services (DARS) not to authenticate or register interest-bearing loan agreements. However, there are strong arguments to...
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Who does the Directive apply to?The Directive applies to traders engaged in trading graded and value-added export coffee domestically in foreign currency. What is value-added coffee?Value-added coffee is a raw coffee that has been roasted, roasted, and grind or converted into a different type of coffee product according to approved technical procedures. Where can graded...
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The National Bank of Ethiopia (NBE) has issued a directive to attract foreign direct investment by allowing eligible projects to open offshore accounts and guaranteeing currency convertibility. The eligible projects to open an offshore account are: Public-private partnership (PPP) projects in the power generation and infrastructure sectors with large capital investment needs. Large mining projects...
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Influential shareholders in the Ethiopian banking sector are individuals, companies, or institutions that hold directly or indirectly two percent or more of the total subscribed capital of a bank. They play a key role in the growth and development of the banking sector by providing capital, expertise, and strategic guidance. The National Bank of Ethiopia (NBE) regulates...
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