In April 2026, the Ministry of Revenues enacted VAT Refund Directive No. 1132/2016 (the “Directive”), re placing VAT Refund Directive No. 148/2011 (the “Previous Directive”). The Directive introduces new eligibil ity criteria and enhanced compliance requirements. It is intended to…
Ethiopia has introduced a new investment protection framework aimed at attracting large-scale strategic invest ments and strengthening investor confidence. According to news reports, the regulation received approval from the Council of Ministers on March 2, 2026. The regulation gives the…
On 25 May 2026, the National Bank of Ethiopia issued a Public Notice on FX Directive Amendment and Rationalisation of Fees and Charges on Letters of Credit. The principal significance of the Notice, for present purposes, lies in the rationalisation…
On 25 May 2026, the National Bank of Ethiopia issued Foreign Exchange Directive No. FXD/05/2026, amending the principal Foreign Exchange Directive No. FXD The amendment was issued pursuant to Article 6(2) and (17) and Article 39 of the NBE Establishment…
The National Bank of Ethiopia (NBE) has issued Directive No. FVD/01/2026 on Imports on Franco Valuta, which entered into force on 29 May 2026. The Directive establishes, for the first time, a comprehensive and standalone regulatory framework governing Franco Valuta…
We are pleased to resume our newsletter after a six-month pause. During this period, we continued to follow legal and business developments closely and shared our insights through other publications and platforms.
What FX Amendment Directive No. FXD/04/2026 Means for Investors and Lenders
We are delighted to present the tenth edition of our newsletter, featuring insightful updates on recent legal developments shaping Ethiopia’s regulatory landscape.
Foreign Nationals’ Ownership Right of Residential House Proclamation No. 1388/2025 (“Proclamation”) is finally gazetted on October 02,2025 and entered into effect as of this date. This law allows foreign nationals to own residential housing in Ethiopia upon fulfilment of certain…
We are pleased to bring you a new edition of our legislative updates. This issue provides a concise overview of two key legislative developments from July and August 2025 that may have an impact on your business.
