The Ethiopian government has issued a new investment proclamation, with a view to enhancing the role of the private sector and increasing the country’s global competitiveness.

The Ethiopian Council of Ministers must still specify the details of the new investment framework in an upcoming regulation – but the new proclamation heralds what is about to come.

Openness and transparency, competitiveness and an enhanced role for the private sector are all highlighted in the proclamation’s preamble; and its provisions reaffirm old rights, establish new ones, set out a detailed dispute resolution mechanism, and restructure investment administration in the country.

Our Ethiopia Team analyze the new proclamation in the document available here.