Introduction to Intellectual Property as Collateral
Date: As part of Ethiopia’s legal framework reforms and the economy opening up, the government has introduced the use of intellectual property rights as collateral for bank loans. Following the Movable Property Security Rights Proclamation and the subsequent Movable Collateral Registry directive the National Bank of Ethiopia has begun financing IPRs. According to news sources, […]
Legal Update: Liberalization of the Banking Sector in Ethiopia
Date: Dec. 17, 2024 On 17 December 2024, the FDRE House of People’s Representatives deliberated on and approved the Banking Business Proclamation. 1. Liberalization and Licensing of Banking Business The Proclamation opens the banking sector to foreign investors. Foreign banks may now enter the Ethiopian market by establishing a subsidiary, a branch, a commercial representative […]
Legal Update: Real Estate Development and Real Property Marketing and Valuation Proclamation
Date: Dec. 11, 2024 On 5 December 2024, the FDRE House of People’s Representatives, in its 9th regular session, deliberated and approved the Real Estate Development and Real Property Marketing and Valuation Proclamation. The Proclamation regulates the real estate industry that has been largely unregulated and operates under scattered laws. The main objective of the […]
Legal update: Immigration Service Fees (Regulation No. 550/2024)
Date: Aug. 08, 2024 Regulation No. 550/2024 (Fee Rates Payable for Services Provided by the Immigration and Nationality Service – Council of Ministers Regulation) introduces several changes to the fees charged for immigration services. For instance, the service fee for issuance of a one‑month single‑entry private work visa has increased from USD 200 to USD […]
Legal update: Liberalization of foreign exchange market in Ethiopia
Date: July-03-24 The National Bank of Ethiopia (NBE) has decided to allow market forces to determine the value of Ethiopia’s currency, the Birr, and eased restrictions on the amount of foreign currency held by commercial banks and exporters as part of a raft of measures to increase the supply of dollars and boost economic activity […]
Legal Update on the Ethiopian Personal Data Protection Proclamation No. 1321/2024
Date: May 23, 2024 The main purpose of the Proclamation is to introduce special and comprehensive personal data protection law that enables the establishment of a strong personal data protection system that aligns with international standards. Personal data is defined as any information relating to an identified or identifiable natural person who can be identified, […]
Agricultural Investments in Ethiopia: Navigating Legal Frameworks
Ethiopia, with its fertile lands and rich agricultural heritage, offers a promising landscape for investors in the agricultural sector. However, navigating the legal frameworks governing agricultural investments is essential for farm owners seeking to make the most of this opportunity. In this article, we will explore the legal nuances that Ethiopian farm owners should be aware of as they embark on their journey of agricultural investments.
Ethical Practices and Corporate Social Responsibility: A Guide for Ethiopian Business Owners
In a world of constant change and evolving markets, business owners in Ethiopia are facing a unique set of challenges and opportunities. Join us on an enlightening journey through Ethiopia’s legal landscape, where we’ll unravel the secrets to thriving amidst transformation. As Ethiopia undergoes remarkable economic growth and welcomes an influx of foreign investment, understanding […]
Ethiopian Business Expansion: A Strategic Approach to Corporate Law
In the dynamic landscape of Ethiopian commerce, opportunities for growth and expansion are abundant, but they come hand in hand with the complexities of corporate law. For business owners looking to broaden their horizons and tap into the thriving Ethiopian market, mastering the strategic dimensions of corporate law is essential. Ethiopia’s economic growth has been […]
Specialize in Problem Solving
Completely impact synergistic mindshare whereas premium services. Phosfluorescently develop cross-media mindshare rather than leveraged quality vectors. Collaboratively plagiarize bricks and clicks scenarios for goal oriented methods of empowerment. Phosfluorescently repurpose leading edge sources whereas quality growth. Uniquely expedite impactful performance based leadership. Completely brand open-source growth strategies rather than frictionless infrastructures. Enthusiastically deploy premium users […]