Ethiopia Publishes New Investment Proclamation to Improve Investment Environment

Ethiopia published Investment Proclamation No. 1180/2020 in the Official Gazette on 2 April 2020. The purpose of the proclamation is to improve the investment environment in Ethiopia and, in particular:

• to enhance the competitiveness of the national economy by promoting investments in productive and enabling sectors;
• to create more and better employment opportunity for Ethiopians and advance the transfer of knowledge, skills and technology required for the development of the country;
• to incr…