In March, the Ethiopian Investment Board issued Directive 1001/2024, which eases restrictions on foreign investors’ participation in the export, import, wholesale and retail trade sectors. Foreign investors that wish to obtain a permit in these sectors must fulfil minimum capital requirements, competency requirements and other standards specified under the directive, in addition to the conditions under the 2020 investment proclamation and regulation.

Our Ethiopia Team breaks down the main new provisions in the newsletter available here.