By DMR Law FirmThe National Bank of Ethiopia (NBE) has issued Directive No. FXD/04/2026, effective February 12, 2026, introducing sweeping reforms to the country’s foreign exchange (FX) regime. These amendments represent one of the most significant liberalization efforts in recent years and create substantial opportunities for businesses, investors, exporters, financial institutions, and individuals engaged in…
By DMR Law Firm On 9 September 2024, Ethiopia enacted Proclamation No. 1333/2024 – the Federal Public Procurement and Property Administration Proclamation, published in the Federal Negarit Gazette No. 66. The new law repeals and replaces the former Proclamation No. 649/2009, introducing significant reforms aimed at addressing long-standing gaps in public procurement and property administration …
By DMR Law Firm The Ethiopian Investment Board has issued Directive No. 1053/2025 on Fee Rates Payable for Services Provided by the Ethiopian Investment Commission (EIC). The Directive introduces a comprehensive and updated schedule of official fees applicable to investors operating in Ethiopia, including those within Special Economic Zones (SEZs) and Free Trade Zones. It…
By DMR Law Firm Ethiopia’s legislative agenda in 2025 has been transformative, introducing significant reforms aimed at modernizing the business environment, enhancing financial governance, and attracting foreign investment. These changes present both substantial opportunities and complex compliance challenges for businesses operating in or entering the Ethiopian market. Key Legislative Themes and Implications: · Ethiopian Investment…
By DMR Law Firm Introduction Ethiopia has taken a decisive step in reforming its financial sector with the enactment of Banking Business Proclamation No. 1360/2025. The new Proclamation repeals and replaces the former banking legal framework and introduces a modernized regulatory regime aligned with international banking standards. Most notably, it lays the legal foundation for…
By DMR Law Firm Ethiopia has enacted a new Startup Proclamation (Proclamation No. 1396/2025), marking a significant step toward creating a structured and enabling legal framework for startups and innovation-driven enterprises. The Proclamation reflects the government’s intention to promote entrepreneurship, attract investment, and support technology- and innovation-based businesses as key drivers of economic growth. Key…
