News

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).

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, 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.

Tadesse Kiros Law Office is pleased to announce that it is co-organising with Baker McKenzie an “Interactive discussion on the Ethiopian and African power sectors” on 6 December 2018, from 8:30-12:30 at the Radisson Blu, Addis Ababa. The event follows on from others in Baker McKenzie’s African Power Roadshow series in Nigeria, South Africa, Dubai, Abu Dhabi and Mauritius.

Tadesse Kiros Law Office, Addis Ababa – based law office, today announced that it has been invited to join Meritas, a global alliance of independent business law firms. The affiliation offers Tadesse Kiros Law Office access to nearly 7,000 lawyers in 233 global markets. The office’s clients will benefit from local legal insight, local rates and world-class client service.

Tadesse Kiros Law Office co-presented Baker McKenzie’s Africa Commercial Roadshow on Thursday 5 October 2017 at the Hilton Hotel, Addis Ababa, Ethiopia. The event consisted of a seminar on global developments on the trade and commercial landscape, and their implications for companies doing business in the region.