Expertise

Ethiopian and International Law
Corporate law
International Tax Law
Tax Treaty Law
Transfer Pricing
Cross-Border taxation
EU Tax Law
Taxation of Private Investment
Financial Market Operations

Foreign languages: English and Amharic

Background

Member of the Africa Team
Joined the firm in 2018

Qualifications

Master’s in Comparative Income Taxation, Tax Treaty Law, Transfer Pricing and EU Tax law from Uppsala University
Ethiopian and International law degree from Adama University
Diploma in Financial Market Operation from Henley Business School, University of Reading (ongoing)

Knowledge Sharing

New law sets requirements for special economic zones - 6 September 2024

To further implement the industrial park scheme, a new law setting requirements for the designation of special economic zones and the related rules to carry on business in those zones (“SEZ”/ “SEZs”) was enacted in May to boost the economy and foreign investments. Two types of SEZs and …

New directive to regulate foreign investors’ participation in restricted export, import, wholesale and retail trade investments - 19 April 2024

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 …

Enhanced regulation on transfer pricing - 5 March 2024

At the beginning of the year, Implementing Directive 981/2024 containing transfer pricing rules came into force. It will hopefully remedy the legal and practical gap in the enforcement of transfer pricing rules in Ethiopia. The directive reiterates all the provisions of the previous directiv …

Draft VAT proclamation on its way to Parliament - 13 April 2023

Ethiopia’s legislative landscape is evolving by the day, especially when it comes to doing business. And the draft VAT proclamation looks set to be one of the biggest steps taken since VAT was introduced back in 2002. So what are the proposed key changes to the VAT rules? Our

Directive 935/2022 for Commercial Registration, Licensing and Post-licensing Inspection - 1 February 2023

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 propriet …

The latest developments in the Ethiopian banking industry - 16 September 2022

The latest Council of Ministers meeting earlier this month approved the long-awaited policy that allows foreign investors to invest in the Ethiopian banking industry. Given that foreign banks stopped operating in Ethiopia when the Derg took power, the opening-up of the banking industry is ex …

The new Ethiopian Arbitration and Conciliation Working Procedure under Proclamation No. 1237/2021 - 17 September 2021

Up until publication of the Proclamation to Provide For Arbitration and Conciliation Working Procedure, alternative dispute resolution (ADR) – more specifically, arbitration – in Ethiopia lacked a detailed procedure and implementation mechanism. The newly introduced proclamation addresses/a …

Ethiopia to introduce capital market which opens the door for foreign as well as domestic investors to register an investment bank - 19 May 2021

There has been a whisper in the past few years of the possibility for capital/stock markets to join the Ethiopian financial market. Now, thanks to a draft bill on capital markets that is pending approval, investors (local and foreign) could have the chance to join this sector. Which are the …