Category Archives: Updates

Legal Brief on Ethiopian Public Holidays and their Celebration

Ethiopian Public Holidays

Ethiopian Public Holidays

Cash Notes Holding Limits for Foreign Investors and Travelers to Ethiopia

Cash Notes Holding Limits

Cash Notes Holding Limits

Understanding Ethiopia’s New Regulations on External Loans in Kind: A Guide for Foreign Investors

External Loans in Kind

Understanding Ethiopia’s New Regulations on External Loans in Kind: A Guide for Foreign Investors In recent years, Ethiopia has undergone significant regulatory changes affecting foreign investments, particularly concerning external loans in kind. Understanding Ethiopia’s New Regulations on External Loans are crucial for foreign investors seeking to engage in the Ethiopian market. This legal brief provides […]

Changes in External Loan and Supplier’s Credits for Foreign Investors in Ethiopia

External Loans and Supplier’s Credits

Changes in External Loan and Supplier’s Credits for Foreign Investors in Ethiopia This legal brief provides an overview of the recent regulatory changes concerning external loan and supplier’s credits in Ethiopia. These changes aim to enhance foreign investment by clarifying the requirements and procedures for obtaining and managing external financial resources. This brief is structured […]

Ethiopia’s Foreign Exchange Reforms: A New Era for Foreign Investors

Ethiopia’s Foreign Exchange Reforms: A New Era for Foreign Investors This legal brief outlines the significant reforms mentioned in Ethiopia’s Foreign Exchange Reforms (FX) regime as announced by the press release of the National Bank of Ethiopia (NBE). These Ethiopia’s Foreign Exchange Reforms aim to create a competitive, market-based determination of the exchange rate, addressing […]

Understanding Directive No. FXD/82/2022: A Guide to External Borrowing in Ethiopia

Directive No. FXD/82/2022

Understanding Directive No. FXD/82/2022: A Guide to External Borrowing in Ethiopia Directive No. FXD/82/2022 is issued by the National Bank of Ethiopia (NBE) to regulate external borrowing by Ethiopian entities. According to the bank’s press release this directive aims to ensure sustainable debt management, enhance foreign exchange availability, and promote economic growth by facilitating external […]

The Draft Asset Recovery Proclamation of Ethiopia: A Comprehensive Overview

Draft Asset Recovery Proclamation

The Draft Asset Recovery Proclamation of Ethiopia: A Comprehensive Overview A draft Asset Recovery proclamation presented to lawmakers aims to empower the government to seize assets purchased with undeclared income. The draft Asset Recovery Proclamation targets tangible and intangible assets worth over five million birr, with retroactive seizures extending up to 10 years. This draft […]