Ethiopia: Corporate/Commercial Law

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Article
Ethiopia's New Investment And Capital Market Reforms: Legal Risks And Opportunities For Businesses
Ethiopia’s “homegrown” reform agenda has recently moved from policy statements to legally operative market institutions. The post-2020 investment regime (Investment Proclamation No. 1180/2020 and implementing regulations) is now paired with a functioning capital market architecture (Capital Market Proclamation No. 1248/2021, implementing directives, and the Ethiopian Securities Exchange (ESX)).
Ethiopia Commercial
5A Law Firm LLP
Article
NBE Directive FXD/04/2026: Major Relaxation Of Foreign Exchange Rules — What Investors And Businesses Need To Know
On 12 February 2026, the National Bank of Ethiopia (NBE) issued Directive No. FXD/04/2026, amending the foundational Foreign Exchange Directive No. FXD/01/2024. The new directive, signed by NBE Governor Eyob Tekalign (PhD), represents the most significant liberalization of Ethiopia's foreign exchange regime since the landmark July 2024 reforms.
Ethiopia Commercial
5A Law Firm LLP
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