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· The new investment regulation has enabled a foreign investor in Ethiopia, having a portfolio investment of US$ 10 million, eligible to own a dwelling house(s)
· The regulation issued by the Council of Ministers as
Investment Regulation has sought to relax the joint venture (JV) investments that foreign investors shall involve themselves in, whether with the government or private sector
The new investment regulation has enabled a foreign investor in Ethiopia, having a portfolio investment of US$ 10 million, eligible to own a dwelling house(s).
The regulation issued by the Council of Ministers as Investment Regulation has sought to relax the joint venture (JV) investments that foreign investors shall involve themselves in, whether with the government or private sector. This regulation amends the one prior 2012 regulation. The latest regulation has clearly stated the percentage and areas of investment that foreign investors shall invest in joint ventures. In the previous regulation the share percentage and areas of investments that foreign investors shall invest in the country was not specifically disclosed. The previous regulation had areas that were preserved for foreign investors such as JV’s with domestic investors on areas like freight forwarding and shipping services, domestic air transport services, cross country public transport with a seating capacity of more than 45 passengers, urban mass transport, advertisement and promotion service, audiovisual services and accounting and auditing services. It also stipulated that a foreign investor jointly investing with a domestic investor shall not hold more than 49 percent of the share capital of the enterprise. However, no investor can invest on manufacturing of weapons, ammunition and explosives used as weapons or to make weapons, import and export of electric energy, international air transport service, bus rapid transit, and postal services excluding courier services.
