Legal Newsletter – Second Edition

Welcome to the Second Issue of Our Newsletter!

In this edition, we have compiled a legal update featuring key legislative developments that may impact your business.

Contents:

Legal Updates

This legal update provides a concise overview of key legislative changes enacted in May and June 2024. This are:

  • Banking Business Proclamation
  • Asset Classification and Provisioning Directive
  • Persons with Significant Influence in a Bank Directive
  • Bank Corporate Governance Directives
  • The Excise Stamp Management Directive
  • Adjustments to Specific Rates of Excise Tax Directive
  • New Monetary Policy Framework
  • Price Adjustment of Gold Directive
  • National Bank of Ethiopia Establishment Draft Proclamation

Stay Tuned for our July-August newsletter featuring updates on the Foreign Exchange Directive, the new VAT Proclamation, and more.

We value your feedback, so please don’t hesitate to reach out to us with any suggestions or topics you would like us to cover in future editions.