Ethiopia

Ethiopia

New investment proclamation published

02 Apr 2020

The proclamation, which was published on 2 April 2020, provides, inter alia, that any investor may engage in any business, except where it is contrary to law, moral, public health or security. Certain activities will be restricted, however, including investments reserved for joint ventures with the Government, for domestic investors, and for joint ventures with domestic investors, which shall be specified by regulation.

The proclamation applies to all investments carried out in Ethiopia, except investments in the prospecting, exploration, and development of minerals and petroleum.