Welcome to Tadesse Kiros Law Office

As a fast-growing economy, Ethiopia is striving to provide a conducive environment for investment by introducing new laws and institutions and revising or transforming existing ones. Navigating through the intricate set of new legislation, regulations and evolving practice can be challenging and that is where we come in.

At Tadesse Kiros Law Office, we do our utmost to establish close working relationships with our clients to solve their transactional needs effectively and expeditiously, while controlling costs.

We are an independent Law Office but we collaborate on a non-exclusivity basis, with a number of global and regional law firms. We work as a relationship firm in Ethiopia for Allen Overy, Baker McKenzie, Clifford Chance and Freshfields Bruckhaus Deringer. We also work closely with other international and African law firms as well as networks including Addleshaw Godard, Dentons, Pinsent Masons, ENS Africa, Webber Wentzel, Andersen Tax, Meritas and NextLaw.

NEWS

Ethiopia’s New Investment Framework – The Regulation

Ethiopia’s new investment framework has been further updated with a detailed implementation regulation (the “Investment Regulation” or the “Regulation”), published on September 2, 2020, in the Negarit Gazette. It follows the launch of the new investment proclamation (the “new investment law” or “IP”) earlier in 2020.1 The Regulation, unlike in previous rounds of investment laws, is broad in scope and covers a number of issues previously treated at primary law level. Therefore, appraising the full potential impact of Ethiopia’s new foreign investment framework requires an assessment of the Regulation, which is the subject of this briefing, prepared by Anthony Giustini and Nadezhda Varbanova (from Clifford Chance)2and Tadesse Kiros and Habtamu Hailemeskel (from Tadesse Kiros Law Office, Ethiopia).

Ethiopia’s new investment law – what does it mean for foreign investors?

The Ethiopian House of Peoples’ Representatives adopted Investment Proclamation No. 1180/2020 on 30 January 2020, which replaces Proclamation No.769/2012. We have produced a briefing paper, in partnership with Clifford Chance, analysing key aspects of the new law that we deem to be relevant for foreign companies planning to invest in Ethiopia or conducting business with Ethiopian parties. The briefing paper can be download using this link.

Tadesse Kiros Law Office Co-hosts Seminar on the Ethiopian Power Sector

Tadesse Kiros Law Office, in partnership with Baker McKenzie, hosted a seminar on the Ethiopian power sector and lessons that could be learned from other markets. Representatives from both the private and the public sectors such as Siemens, General Electric, IFC, ENGIE, the Ethiopian Energy Authority, Ministry of Finance, and Investment Commission were in attendance.