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Ethiopia Publishes New Investment Regulation

23 September 2020

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Approved Changes

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Ethiopia

Ethiopia published the Investment Regulation No. 474/2020 in the Official Gazette on 2 September. The regulation is effective from the date of publication and provides rules for the implementation of the Investment Proclamation No. 1180/2020, which was issued to improve the investment environment in Ethiopia including the further opening of areas for foreign investment ({News-2020-04-16/A/7-previous coverage}). In this respect, Regulation No. 474/2020 provides investment sectors that remain restricted, including: Investment areas reserved for joint investment with the government (5 investment areas); Investment areas reserved for domestic investors (32 investment areas); and Investment areas reserved for joint investment with domestic and...