House passes new investment proclamation

  • PDF

Addis Ababa, 21 June 2014 (WIC) - The House of People’s Representative passed a new legislation on investment.
According to MoFA, the new proclamation amended the name of the Ethiopian Investment Agency to be named as Ethiopian Investment Commission.

The new proclamation has also introduced changes in the organization, duties and responsibilities of the Commission .Accordingly, the proclamation envisages the establishment of a new Investment Board headed by Prime Minister Hailemariam Desalegn.

The Investment Board will have the authority of controlling and administering industrial zones.
The new proclamation also introduced changes in areas of investment open for domestic investors and in the administration of industrial zones.

Berhanu Mekuye, Chair of the Industry Affairs Standing Committee said that the promulgation of the new law will have an important impact in enabling to fully benefit from Ethiopia’s growing investment attraction. 
The establishment of the Board that will be chaired by the Prime Minister is said to have an important role in addressing policy issues from local and foreign investors in a swift manner.

Subscribe to get latest news

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday6540
mod_vvisit_counterYesterday69768
mod_vvisit_counterThis week248517
mod_vvisit_counterLast week281452
mod_vvisit_counterThis month1124079
mod_vvisit_counterLast month1271595
mod_vvisit_counterAll days( since may 28, 2013)13530169

We have: 271 guests, 69 bots online
No: 54.83.238.48
 , 
Today: Jul 31, 2014