Regulations - Banks & Financial
Ehiopia’s Council of Ministers has approved a draft law that would permit foreign nationals to own immovable property
- It proposes a legal framework that enables foreign ownership of real estate while preserving citizens’ rights to land use.
- The measure is designed to attract foreign capital, stimulate the housing market, and generate employment
- The draft proclamation must be legislated by the parliament taking into effect.
Regulations - Banks & Financial
Ethiopian Customs Commission tightens the regulation of goods imported without foreign currency payments (Franco-Valuta)
Ethiopian Customs Commission tightens the regulation of goods imported without foreign currency payments (Franco-Valuta)
- The National Bank of Ethiopia (NBE) confirmed the repeal of the decades-old Establishment Proclamation No. 691/2000, replacing it with the more robust NBE Proclamation No. 1359/2017
- Non-commercial Franco-Valuta requests from government agencies, NGOs, and international organizations must now be vetted by Customs Operations Managers and approved only by senior Customs Office Managers
- you can check the NBE proclamation here: https://nbe.gov.et/wp-content/uploads/2025/03/National-Bank-of-Ethiopia-Proclamation-13592025.pdf
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Regulations - Banks & Financial
INVEST ETHIOPIA 2025 High-Level Business Forum, set to take place on May 12-13, 2025 at Skylight Hotel
INVEST ETHIOPIA 2025 High-Level Business Forum, set to take place on May 12-13, 2025 at Skylight Hotel
- The event, jointly organized by government institutions, the private sector, and development partners, is expected to draw over 1,000 global participants, according to the Ethiopian Ministry of Finance
- There is a Public-Private Dialogue (PPD), designed to incorporate private sector insights into policy discussions. High-level meetings with board members, ministers, and selected investors
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