The Ethiopian Commercial Code was recently supplemented by Directive 935/2022 to implement changes regarding commercial registration, business licensing and post-licensing inspection.

Some of the major points addressed include registration of a one-person PLC, transition from a sole proprietorship to a one-person PLC, limited liability partnerships, M&A procedures, and transfer of an existing business to a foreigner or a foreign company. But do these changes foster a business-friendly environment?

Our Ethiopia Team breaks it all down here.