Section 26 deals with employment of registered professionals and section 27 with the employment of registered contractors. Analysis of the ethiopia charities and societies proclamation 00 2008 by mandeep s. List of proclamations and regulations enacted in the. Tiwana, civil society watch associate, civicus introduction civicus. This proclamation may be cited as the investment proclamation no. Definitions in this proclamation, unless the context requires otherwise. Also provides specific measures with respect to health water etc.
If the investor violates the provisions of proclamation and regulation or directives issued to implement the proclamation, appropriate investment organ may suspend the investment permit until the investor takes due corrective measure. It seizes and takes legal action on the people and vehicles involved in the act of smuggling while it facilitates the legitimate movement of goods and people. Investment guide for ethiopia business environment investment policy investment areas incentivesguarantees taxation investment opportunities investment procedures addis ababa, ethiopia january 2004 published by. Civicus works with our members and partners in over 100 countries to support and.
Investment limitations in and by banks in ethiopia prepared by. Investors may employ senior expatriate experts provided that it has been ascertained that no equally qualified ethiopian is available to fill the job. Republic of ethiopia, it is hereby proclaimed as follows. Addis ababa the capital city of ethiopia is the seat of the african union au, and head quarter of the united nations economic commission for africa and other regional and international organizations is located in east africa with surface area of 1. However, the gap between domestic investment and savings has remained wide thereby reinforcing the need for fdi in the development of the economy. Part nine establishes the ethiopian investment authority.
The investment board is empowered to supervise the administration of industrial development zones. Persons displaced by the ulgdp will be meaningfully consulted. Pdf understanding ethiopian diaspora engagement policy. Definitions in this proclamation, unless the context otherwise requires. The investment proclamation no 2802002 as amended by proclamation. Democratic republic of ethiopia, it is hereby proclaimed as follows. Short title this proclamation may be cited a the investment proclamation no. Old ethiopian newspapers berhanena selam proclamation no. Short title this proclamation may be cited as the commercial registration and licensing proclamation no. Structure, problems and policy issues investment promotion and incentives in ethiopia tsegaye teldu 1. Apr 30, 2008 investment regulations in ethiopia details written by administrator published on 30 april 2008 category. The highlights of investment proclamation and guideline bellows are compiled from investment proclamation no. However, ethiopia s investment code prohibits foreign investment in banking, insurance, and financial services.
Ethiopian ministry of revenues mor is the body responsible for collecting revenue from customs duties and domestic taxes. National proclamations and guidelines pertinent to the project the following are list of the national environmental policies relevant to the project. Short title this proclamation may be cited as the insurance business proclamation no. Under the current amendment proclamation we can note. The definition given under our investment law is in line with this definition. Pdf ifrs adoption progress in ethiopia mohammed adem. Ethiopia proclamation on investment investment laws navigator. It is endowed with large land size 8th largest country in africa and 27th in the world and huge proportion of arable land, diverse topography and agroclimatic zones, a long growing season, fertile. The investment procedures in ethiopia are as laid out in the proclamations and regulations. Short title this proclamation may be cited as the investment amendment. In addition to raising revenue, the mor is responsible to protect the society from adverse effects of smuggling.
The change made from the investment agency to investment commission. General 1 short title this proclamation may be cited as the organizations of. To implement this policy, the transitional government enacted investment proclamation no 151992 so as to open the door to private investment. The proclamation also reserved some sectors such as large scale eclectic power and postal service to the government. The proclamation is divided into nine parts, and covers the following topics. Now, therefore, in accordance with article 551 of the constitution of the federal democratic republic of ethiopic it is claimed as follows.
Now, therefore, this proclamation has been promulgated in pursuance of article 551 of the federal democratic republic of ethiopia. Training workshop on imts compilers manual 8 11 nov. Ethiopia investment policies and incentives and opportunities. Investment a foreign investor, domestic investor or a partnership of foreign and domestic investors who plans to engage in investment activities in ethiopia are expected to follow the investment procedures in ethiopia. Whereas, a modern and efficient financial administration system is essential to a wellfunctioning government. Short title part one general this proclamation may be cited as the investment proclamation no. According to this proclamation a foreign investor who intends to invest on his her own, except in consultancy services and publishing is requires investing not less than usd 100,000 in cash andor in kind as an initial investment capital per project. Ethiopian property law emphasis on immovable property objectives of the training. Investment proclamation whereas it has become necessary to amend the investment proclamation no 7692012. Draft investment proclamation ethiopia draft excise proclamation ethiopia draft state enterprises proclamation ethiopia volume 23 cassation decisions prosperity party program.
Analysis of the ethiopia charities and societies proclamation. This regulation is issued by the council of ministers pursuant to article 5 of the definition of powers and duties of the executive organs of the federal democratic republic of ethiopia proclamation no. The ethiopian investment commission eic is an autonomous government institution responsible for promoting, coordinating and facilitating private investments in ethiopia as defined in the investment proclamation no. Professor tilahun teshome a thesis submitted to addis ababa university, the school of graduate studies, faculty of law in partial fulfillment of the requirements for the degree of master of laws ll. The ethiopian economy is predominantly agrarian, with agricultural produce contributing 40% of gross domestic product gdp, 90% of foreign currency earning and 85% employment. Ethiopian property law emphasis on immovable property. Establishment of the secretariat of the house of peoples representatives and of the house of the federation proclamation. Federal democratic republic of ethiopia, it is hereby proclaimed as follows. This proclamation may be cited as the trade competition and consumers protection proclamation no. Ethiopia s vision of becoming a middle income country by 2025 is built around economic, social, and environmental pillars ethiopian investment comission 4 ethiopia envisions to become a middle income country and leading manufacturing hub in africa by 2025. Now, therefore, in accordance with article 551 of the constitution of the federal democratic republic of ethiopia, it is hereby. Federal negarit gazeta ethiopian chamber of commerce.
Ethiopia is a conducive investment destination for commercial farming. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Now, therefore, in accordance with article 551 of the constitution of the federal democratic republic of. Download pdf preamble part one general part two investment. Council approves regulations, refers draft proclamation enn news the council of ministers at its 28th regular meeting held on tuesday has approved two draft regulations and referred a. As shown in table 1, domestic investment in ethiopia has increased rapidly since the introduction of liberal policies in 1992. The investment board which is supervisory body is intended, by the law maker, to be chaired by the prime minister. The federal democratic republic of ethiopias proclamation no.
World alliance for citizen participation is an international alliance based in south africa. Whereas, the declaration on economic policy of the government of the federal democratic republic of ethiopia inaugurates a new era in social and. Investment investment regulation in ethiopia is subjected to several laws that are mainly enacted to facilitate, promote and enhance foreign direct investment in ethiopia. In part i of top 5 opportunities for investment in ethiopia, i recommended financial services, telecoms, and heavy constructions as sectors that investors should look into. Draft investment proclamation ethiopia law ethiopia ethiopian. Investment proclamation waereas it has become necessary to amend tile investment proclamation no 7692012. The responsible organ for collecting the data on foreign direct investment. Furthermore, in view of the irreversible nature of investment, a growth in the magnitude of investment is a sign of confidence and enabling environment. Proclamations of investment law in ethiopia allaboutethio. Expanded investment administration organs and clarification of mandates. Draft investment proclamation ethiopia ethiopian legal brief. In general, investment may be defined as making an outlay of money or capital for profit. Now, therefore, in accordance with article 551 of the constitution of the federal denuxratic republic of ethiopia, it is hereby proclainrd as follows.
In a competitive market economy a healthy investment rate indicates an expanding capacity to generate future income and increased supply of goods and services. And please any literature, thesis, journal articles on expropriation of investment in general and foreign investment in particular. Whereas, it has been considered that the establishment of industrial development zones helps, by creating enabling and competitive condition, to interrelate manufacturing sectors based on value creation as well as to attract and expand investment. The ethiopian government has formulated and started the implementation of the second five year growth and transformation plan gtp to carry forward the important strategic directions to maintaining a fast growing economy in all sectors. Environmental proclamation 2992002, environmental impact assessment. Determinants of private investment in ethiopia hailu adugna 1, 2 lecturer. It also provided for joint investment with the ethiopian government. Federal democratic republic of ethiopia environmental and. Agreement between the government of the federal democratic republic of ethiopia and the government of the republic of turkey for exchange of plots of land for building embassy and residence for heads of mission and diplomats ratification proclamation. History of investment law in ethiopia allaboutethio. The survey finds that the social networks of chinese investors function as a significant factor in making their investment decision in favor of ethiopia. This regulation is issued by the council of minist rs pursuant to article 5 and 35 of the definition of powers and duties of the executive organs of the federal democratic republic of ethiopia proclamation no.
Box 113 addis ababa, ethiopia in collaboration with. Now therefore, in accordance with article 551 of the constitution of the federal democratic republic of ethiopia, it is hereby proclaimed as follows. These procedures have been taken out of investment proclamation no. Ethiopian business development services network ebdsn p. Proclamation number 6212009, which was in force prior to the issuance of this proclamation. To take advantage of a good understanding of the investment climate gained from entrepreneurs social networks. Investment procedures in ethiopia details written by administrator published on 30 april 2008 category. Ethiopia proclamation on investment investment laws. Ethiopian parliament ethiopia pdf consulted on 20101104 abstractcitation. Part one this proclamation may be cited as the investment proclamation no. Definitions and sources of data the ethiopia investment code defines a foreign investor as a physical or juridical person of foreign nationality which has invested imported capital investment proclamation no. Ethiopian legal information portal find laws, cases, legal.
Ethiopia once the byword for famine in the region is garnering attention from foreign investors. Federal democratic republic of ethiopia proclamation no. The federal democratic republic of ethiopia ministry of. Federal negarit gazeta establishment proclamation resources. The new proclamation provides clarity on the composition and mandate of these organs and introduces new bodies. Top 5 opportunities for investment in ethiopia part ii. Definitions in this proclamation unless the context otherwise requires. Investment means expenditure of capital by an investor to establish a new enterprise or to. The revised investment code of 1996, as well as the investment proclamation provide incentives for developmentrelated investments and have gradually removed most of the sectorial restrictions on investment. Department of state 2015 investment climate statement may 2015 5 the 2012 amendment to ethiopia s investment proclamation introduced provisions for the establishment of industrial development zones, both staterun and private, with favorable investment, tax, and infrastructure incentives. Draft investment proclamation ethiopia draft excise proclamation ethiopia. Title this proclamation may be cited as the investment amendment proclamation. At the end of the training program participants will. Provides for the regulation of the construction industry.
Pdf report on ethiopian foreign investment law and practice. This proclamation may be cited a the investment proclamation no. The investor may file a complaint to the board against the commissions. The federal democratic republic of ethiopia ministry of industry environmental and social management framework for bole lemi ii and kilinto industrial zones competitiveness and job creation project draft report january 2014 public disclosure authorized public disclosure authorized public disclosure authorized public disclosure authorized. Nov 23, 2012 would mind please to send me federal and oromia rns proclamation, regulation, directives, if any, concerning investment other than this proc. The african setting while the african continent has immense human and natural resources, a combination of factors, including the colonial heritage, structural weaknesses of. Foreign investment in ethiopia is regulated as described in proclamation number 2802002.
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