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

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,

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.

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

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

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