Foreign nationals of Ethiopian origin can contribute to the development and prosperity of their country of origin. Consequently, restrictions on foreign nationals regarding the use of economic, social and administrative services do not apply to foreign nationals of Ethiopian origin who hold an Ethiopian Origin ID Card.
The latest amendment to investment law opens the door to vast opportunities for the diaspora: As they are now to be considered domestic investors, they can benefit from the incentives available in each sector and support the development of their country of origin by bringing home best practices and advanced technical know-how they have gleaned from the developed world. The financial sector is particularly rich with opportunities, as the National Bank of Ethiopia continues to loosen restrictions that have hindered diaspora involvement in the sector.
Our Ethiopia Team addresses the various changes introduced and the opportunities to be grasped in the document available here.