For decades, Ethiopia’s banking sector remained closed to foreign investment. This policy shifted under the Homegrown Economic Reform Program (HERP), leading to the enactment of Banking Business Proclamation No. 1360/2025 and National Bank of Ethiopia (NBE) . . . . . .
Legal Insights
The Ethiopian Parliament approved the Asset Recovery Proclamation No. 1364/2025 on January 9, 2025, and it entered into force upon its publication in the Negarit Gazeta on May 2, 2025. This legislation was introduced to fill . . . . . .
After almost a decade, the Ethiopian Parliament has enacted the new Income Tax Proclamation No. 1395/2025, repealing most provisions of Proclamation No. 979/2016. This reform introduces key changes such as restructuring tax categories, introducing a Minimum . . . . . .
Foreign nationals employed by either domestic or foreign companies in Ethiopia are required to obtain a work permit before engaging in any employment activities. The Ministry of Labor and Skills (MoLS) issues work permits for expatriates . . . . . .
Ethiopia has enacted the long-awaited Real Estate Proclamation No. 1357/2024, establishing a comprehensive legal framework for real estate development, marketing, and valuation. The primary objective of the proclamation is to regulate the sector while safeguarding the . . . . . .
In today’s digital age, data is at the core of our interconnected world. The sharing of data enhances convenience, efficiency, and connectivity in both personal and professional spheres. Ethiopia is no exception to this global trend, . . . . . .
Managers play a crucial role in the corporate world, entrusted with wide-ranging powers and responsibilities. However, when these powers are misused or exceeded, resulting in harm to the company, shareholders, or third parties, managers may be . . . . . .